University of Tehran Iranian Journal of Agricultural Economics and Development Research 2008-4838 49 1 2018 04 21 Seasonal Cointegration and Seasonal Error Correction Model: Application for Analyzing Seasonal Behavior of Egg Market in North-West Provinces Seasonal Cointegration and Seasonal Error Correction Model: Application for Analyzing Seasonal Behavior of Egg Market in North-West Provinces 1 11 66022 10.22059/ijaedr.2018.66022 FA Mohammad Ghahremanzadeh Associate Professor, Agricultural Economics, University of Tabriz 0000-0003-0993-9244 Esmaeil Pishbahar ََAssistant Professor, Agricultural Economics, University of Tabriz 0000-0001-7826-5437 Mina Salehnia PhD. Student, Agricultural Economics, University of Tabriz Journal Article 2015 03 07 The Seasonal behavior of agricultural prices is generally a main feature of the market. In recent decades, there has been significant interest for modeling non-adjusted seasonal time series and this issue was seen as an important field in econometrics. Therefore, this study aims to analyze seasonal behavior of egg market in north-west provinces, using quarterly retail prices for the period from 1381 to 89. The EGHL-type seasonal cointegration test and seasonal error correction model (SECM) were applied. Results confirmed the existence of seasonal behavior at all frequencies. There were evidences of some cointegrating relationships at the long run frequencies between five egg price pairs of West Azerbaijan- East Azerbaijan, Ardabil-Zanjan, Zanjan-Ardabil provinces and in the annual frequencies between Ardabil-East Azerbaijan and Kordestan-Zanjan provinces. According to the estimated adjusted speeds parameters in SECM, the egg prices adjust to equilibrium after a shock. According to the results of price seasonal cointegration between regions, it is recommended that the egg price stabilization policy in a province be made in coordination with other province. The Seasonal behavior of agricultural prices is generally a main feature of the market. In recent decades, there has been significant interest for modeling non-adjusted seasonal time series and this issue was seen as an important field in econometrics. Therefore, this study aims to analyze seasonal behavior of egg market in north-west provinces, using quarterly retail prices for the period from 1381 to 89. The EGHL-type seasonal cointegration test and seasonal error correction model (SECM) were applied. Results confirmed the existence of seasonal behavior at all frequencies. There were evidences of some cointegrating relationships at the long run frequencies between five egg price pairs of West Azerbaijan- East Azerbaijan, Ardabil-Zanjan, Zanjan-Ardabil provinces and in the annual frequencies between Ardabil-East Azerbaijan and Kordestan-Zanjan provinces. According to the estimated adjusted speeds parameters in SECM, the egg prices adjust to equilibrium after a shock. According to the results of price seasonal cointegration between regions, it is recommended that the egg price stabilization policy in a province be made in coordination with other province. https://ijaedr.ut.ac.ir/article_66022_cbe2e7df239bfa2553a76602e151997f.pdf