| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Wheat / Flour Price Transmission and Agricultural Policies in Ukraine: A Markov-Switching Vector Error Correction Approach
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| Autores: |
Brümmer, Bernhard
Zorya, Sergiy
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| Data: |
2005-09-28
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| Ano: |
2005
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| Palavras-chave: |
Markov-switching vector error correction model
Vertical price transmission
Regime shifts
Grain policies
Ukraine
Demand and Price Analysis
Industrial Organization
C22
Q11
Q18
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| Resumo: |
The analysis of price transmission between raw and processed agricultural products in transition countries is complicated by the frequently changing conditions on their way from plan to market. We utilise a Markov-switching vector error correction model to allow for multiple regime shifts in the price relationship between wheat and wheat flour in Ukraine from June 2000 to November 2004. The analysis reveals four regimes. The observed temporal pattern of these regimes can be matched with certain political and economic events in Ukraine. In particular, we find a strong link between the 'high uncertainty' regime and discretionary policy interventions in 2003.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
17772
http://purl.umn.edu/24624
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| Editor: |
AgEcon Search
|
| Relação: |
European Association of Agricultural Economists>2005 International Congress, August 23-27, 2005, Copenhagen, Denmark
Contributed Paper
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| Formato: |
16
application/pdf
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