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Following the dramatic changes experienced by the prices of agricultural commodities in 2007-2008, the analysis of horizontal price transmission mechanisms in agricultural markets has attracted renewed interest. In particular, this has led to the emergence of new challenges for the empirical...
Persistent link: https://www.econbiz.de/10010909191
Food vs. Fuel, Cointegration analysis, VECM, agricultural prices, fuel prices …
Persistent link: https://www.econbiz.de/10011068945
This paper aims to provide a flexible methodological framework to estimate import demandmodels, which explicitly considers the stochastic properties of data and the endogenous/exogenousnature of some variables. The French imports of virgin olive oil have been used as a case study withSpain,...
Persistent link: https://www.econbiz.de/10009443204
Agricultural commodities prices play crucial role both in farmers income determination and in price relationship establishment for the whole economy. Among the factors influencing the wheat prices, crude oil prices are considered as one of the most important. The aim of this paper was to assess...
Persistent link: https://www.econbiz.de/10010882201
Our paper looks at how price volatility in the Brazilian ethanol industry changes over time and across markets. Demand and supply forces in the energy and food markets are likely to ensure that crude oil, ethanol and feedstock prices co-move in the long-run. Hence, when assessing price...
Persistent link: https://www.econbiz.de/10010913510
This paper aims to provide a flexible methodological framework to estimate import demand models, which explicitly considers the stochastic properties of data and the endogenous/exogenous nature of some variables. The French imports of virgin olive oil have been used as a case study with Spain,...
Persistent link: https://www.econbiz.de/10005220460
Monthly observations on prices from 10 weight/gender classifications of Nebraska beef cattle are studied in an error correction model (ECM) framework. This study attempts a replication of the 2003 paper on Texas prices by Bessler and Davis, where they find medium heifers (600–700 lb) at...
Persistent link: https://www.econbiz.de/10008504238
The present study highlights the context of wheat futures trading in India and examines its performance in terms of price transmission between Indian and US futures, domestic futures and spot markets, and, extent of integration between those markets. Role of wheat futures in price...
Persistent link: https://www.econbiz.de/10011068681
The aim of the paper was to analyse spatial price transmission in the wheat market in Poland and Germany. The analysis was conducted with the use of weekly milling and feed wheat price series and cointegration framework. The results confirm high linkage between prices in Poland and Germany as...
Persistent link: https://www.econbiz.de/10011096046
2005:4. The Johansen (1991, 1994) procedure is applied to estimate the long-run relationship in a VECM. Special attention …
Persistent link: https://www.econbiz.de/10010300151