| 000 -LEADER |
|---|
| fixed length control field |
01937nam a22002537a 4500 |
| 003 - CONTROL NUMBER IDENTIFIER |
|---|
| control field |
ZW-GwMSU |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
|---|
| control field |
20240729120721.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
240729b |||||||| |||| 00| 0 eng d |
| 022 ## - INTERNATIONAL STANDARD SERIAL NUMBER |
|---|
| International Standard Serial Number |
03031853 |
| 040 ## - CATALOGING SOURCE |
|---|
| Original cataloging agency |
MSU |
| Language of cataloging |
English |
| Transcribing agency |
MSU |
| Description conventions |
rda |
| 050 00 - LIBRARY OF CONGRESS CALL NUMBER |
|---|
| Classification number |
HD1401 AGR |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
McCullough, Kerry |
| Relator term |
author |
| 245 14 - TITLE STATEMENT |
|---|
| Title |
The efficiency of the South African white maize futures market |
| Statement of responsibility, etc. |
created by Kerry McCullough and Barry Strydom |
| 264 1# - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
|---|
| Place of production, publication, distribution, manufacture |
Johannesburg: |
| Name of producer, publisher, distributor, manufacturer |
Taylor and Francis Journals, |
| Date of production, publication, distribution, manufacture, or copyright notice |
2013 |
| 336 ## - CONTENT TYPE |
|---|
| Source |
rdacontent |
| Content type term |
text |
| Content type code |
txt |
| 337 ## - MEDIA TYPE |
|---|
| Source |
rdamedia |
| Media type term |
unmediated |
| Media type code |
n |
| 338 ## - CARRIER TYPE |
|---|
| Source |
rdacarrier |
| Carrier type term |
volume |
| Carrier type code |
nc |
| 440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE |
|---|
| Title |
Agricultural Economics Research, Policy and Practice in Southern Africa |
| Volume/sequential designation |
Volume 52, number 3 |
| 520 3# - SUMMARY, ETC. |
|---|
| Summary, etc. |
The efficiency of futures markets for agricultural commodities is an important issue for participants in the agricultural sector who rely on futures contracts to manage price risk and to assist in planning. Tests of market efficiency in futures markets typically address the relationship between spot and futures prices through the application of cointegration techniques. This study employs both the Engle-Granger's and the Johansen's tests for cointegration in order to examine the efficiency of the futures market in South Africa for white maize, which is the most important commodity traded on the South African Futures Exchange by volume. Near spot and futures prices are found to be cointegrated, and there is evidence to indicate that this market is both unbiased and without a risk premium, indicating a weak-form efficient market. This is in contrast to the findings of previous papers, which examined the early years of this market, and points to an improvement in the efficiency of this market. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Futures markets |
| Form subdivision |
Agricultural commodities |
| General subdivision |
Market efficiency |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Strydom, Barry |
| Relator term |
co-author |
| 856 ## - ELECTRONIC LOCATION AND ACCESS |
|---|
| Uniform Resource Identifier |
https://doi.org/10.1080/03031853.2013.821742 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Source of classification or shelving scheme |
Library of Congress Classification |
| Koha item type |
Journal Article |