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Analysis of price transmission in transition countries is often complicated by unstable policy environments. We use a Markov-switching vector error-correction model (MSVECM) to model multiple regime shifts in the relationship between wheat and wheat flour prices in Ukraine from June 2000 to...
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Since the late 1980s, agriculture in Central and Eastern European Countries (CEECs) has been under considerable adjustment pressure due to changing political, economic and institutional environments. These changes have been linked to the transition process, as well as the ongoing integration...
Persistent link: https://www.econbiz.de/10008533294
This study aims to improve our understanding of the extent and speed of the transmission of international cereal prices to local markets in developing countries. We analyse two samples of price transmission (PT) estimates, one extracted from a comprehensive literature sample of 31 published...
Persistent link: https://www.econbiz.de/10010579069
This analysis employs cointegration methods and semiparametric regression in order to assess the integration of maize markets and the factors determining national and cross-national transmission of price signals in Sub-Saharan Africa. We use a rich dataset of 16 series of wholesale maize prices...
Persistent link: https://www.econbiz.de/10008914284
[eng] The robustness of asymmetric price transmission tests in the presence of structural breaks - Asymmetric price transmission, especially between vertically separated markets, has been a subject of considerable attention in agricultural economics. Asymmetric price transmission is not only...
Persistent link: https://www.econbiz.de/10008604344
In den letzten Jahren hat sich die Bioenergieproduktion rasant entwickelt, so dass man mittlerweile von einem "Bioenergieboom" sprechen kann (WBGU 2008: 1). Maßgeblich unterstützt wurde dieser Trend hierzulande durch die starke politische Förderung von Bioenergie sowohl von Seiten der...
Persistent link: https://www.econbiz.de/10008615550
Spatial market equilibrium theory views trade flows as the driving force behind market integration. We assess the price linkages between five major tomato markets in Ghana to ascertain whether spatial price transmission depends solely on direct trade between markets, or whether other forces...
Persistent link: https://www.econbiz.de/10008568255