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Table 4 Definitions of variables in panel analysis

From: Examining the determinants of global and local price passthrough in cereal markets: evidence from DCC-GJR-GARCH and panel analyses

Variable

Definition

Source

DCCi, tW

Dynamic conditional correlation of wheat between international price and country i’s domestic price with one lag at time t.

Estimated by author

DCCi, tM

Dynamic conditional correlation of maize between international price and country i’s domestic price with one lag at time t.

Estimated by author

DCCi, tR

Dynamic conditional correlation of rice between international price and country i’s domestic price with one lag at time t.

Estimated by author

\( {SSR}_{i,t}^W \)

Self-sufficiency rate is of wheat is defined as Production / (Production + Import − Export) in country i at time t.

FAOSTAT

\( {SSR}_{i,t}^M \)

Self-sufficiency rate of maize is defined as Production / (Production + Import − Export) in country i at time t.

FAOSTAT

\( {SSR}_{i,t}^R \)

Self-sufficiency rate of rice is defined as Production / (Production + Import − Export) in country i at time t.

FAOSTAT

WCi, t

Consumption of wheat is defined asln(Consumptioni, t/Consumptioni, t − 1) × 100 in country i at time t.

FAOSTAT

MCi, t

Consumption of maize is defined asln(Consumptioni, t/Consumptioni, t − 1) × 100 in country i at time t.

FAOSTAT

RCi, t

Consumption of rice is defined asln(Consumptioni, t/Consumptioni, t − 1) × 100 in country i at time t.

FAOSTAT