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Trade, market integration and spatial price transmission on EU pork markets following Eastern enlargement

Holst, Carsten; von Cramon-Taubadel, Stephan - 2013

The accession of ten countries to the EU in May 2004, and of Bulgaria and Romania in January 2007, eliminated barriers to trade between old and new, and among new member states. We analyse the effects of this accession on the integration of pork markets in the EU. Our results show that the speed...

Persistent link: https://www.econbiz.de/10010324309

Distance and border effects on price transmission: A meta-analysis

Mengel, Caroline; Cramon-Taubadel, Stephan von - 2014

cointegration and price transmission. A border separating two markets reduces the probability of cointegration of price series by 23 …% compared with markets located in the same country. 1000 kilometers of distance reduces the probability of cointegration by 7 … and cointegration is most prevalent for barley. Price transmission is slowest in wheat markets. In peer reviewed studies …

Persistent link: https://www.econbiz.de/10010368143

Spatial price transmission and trade policies: New evidence for agricultural products from selected sub-Saharan African countries with high frequency data

Fricke, Susanne; Muratori, Lodovico - 2017

We assess the conjunctural impact of price insulating policies on spatial price transmission of maize, rice and wheat in Cameroon, Kenya and Tanzania in the period 2005-2015. We therefore separately estimate the impact of trade policies within two regimes of behaviour of the domestic price...

Persistent link: https://www.econbiz.de/10011788765

Grain market integration in the Lower Danube region: From the Moldo-Wallachian hinterland to European entrepôts (1857-1866)

Constantin, Cristian - In: The Journal of European Economic History (JEEH) 52 (2023) 3, pp. 61-114

Between 1829 and 1853, the Lower Danube region became one of the strategic grain supply points for the Mediterranean entrepôts and a source for supplementing Britain's food requirements. The Crimean War ended in 1856 with Russia's removal from the Mouths of the Danube. In this context, in...

Persistent link: https://www.econbiz.de/10015206845

The effects of market integration on pollution: an analysis of EU enlargements

Sommer, Konstantin; de Groot, Henri L.F.; Klaassen, Franc - 2022

We study the effects of market integration on manufacturing emission intensities of CO2, SOx, and NOx. For this, we analyse the 2004 and 2007 EU enlargements in a sub-sectoral panel with data on almost all EU member states from 1995 to 2015. We pay close attention to relevant channels of trade,...

Persistent link: https://www.econbiz.de/10013356495

Goldilocks: American precious metals and the Rise of the West

Chen, Yao; Palma, Nuno; Ward, Felix - 2022

We estimate the contribution of the American precious metal windfall to West Europe's growth performance in the early modern period. The exogenous nature of American money arrivals allows for identification of monetary effects. We find that more than half of West Europe's growth can be...

Persistent link: https://www.econbiz.de/10013427590

Secondary housing supply

Mense, Andreas - 2023

I estimate the impact of new housing supply on the local rent distribution, exploiting delays in housing completions caused by weather shocks during the construction phase. Increasing the flow of new supply by 1 percent lowers average rents by 0.2 percent, and increases disproportionately the...

Persistent link: https://www.econbiz.de/10014331119

Causality between arbitrage and liquidity in platinum futures

Iwatsubo, Kentaro; Watkins, Clinton - In: Journal of Risk and Financial Management 15 (2022) 12, pp. 1-17

Arbitrage and liquidity are interrelated. Liquidity facilitates arbitrageurs' trading on deviations from the law of one price. However, whether arbitrage opportunity leads to an increase or decrease in liquidity depends on the cause of the deviation. A demand shock leads to greater liquidity,...

Persistent link: https://www.econbiz.de/10014332749

Incentives, Globalization, and Redistribution

Ferey, Antoine; Haufler, Andreas; Perroni, Carlo - 2022

We offer a new explanation for why taxes have become less redistributive in many countries in parallel with an increase in income concentration. When performance-based contracts are needed to incentivize effort, redistribution through progressive income taxes becomes less precisely targeted....

Persistent link: https://www.econbiz.de/10014467761

Are futures markets functioning well for agricultural perishables? Evidence from China's apple futures market

Mao, Qianqian; Loy, Jens-Peter; Glauben, Thomas; Ren, Yanjun - In: Agricultural Economics (Zemědělská ekonomika) 69 (2023) 12, pp. 471-484

evaluated the function of the world’s first fresh fruit futures contract for apples. Combining partial cointegration with state …

Persistent link: https://www.econbiz.de/10014471610