| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Impacts of Export Controls On Wheat Markets During the Food Crisis 2007/2008 in Russia and Ukraine
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| Autores: |
Goetz, Linde
Glauben, Thomas
Brümmer, Bernhard
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| Data: |
2010-05-04
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| Ano: |
2010
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| Palavras-chave: |
International price transmission
Wheat market
Food crisis
Markov switching error correction model
Russia
Ukraine
Demand and Price Analysis
International Relations/Trade
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| Resumo: |
This paper investigates the impacts of export controls in Russia and Ukraine on wheat world market price transmission during the 2007/2008 global food crisis. Russia and Ukraine aimed to reduce wheat exports induced by extraordinarily high world market prices to secure sufficient wheat supply on the domestic markets. Utilizing a Markov-Switching vector error correction model (MSVECM), we find that the temporary export restrictions induced negative effects on wheat markets in Russia and Ukraine. Although instability increased on the world markets itself, we have shown that the increase in the market instability was particularly pronounced in Russia and Ukraine. Also, the export restrictions dampened price transmission to the farmers’ prices, which pushed the growers’ prices below their long-run equilibrium level. Thus, investment incentives in wheat production which could result from high world market prices were foregone.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/61626
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| Relação: |
Agricultural and Applied Economics Association>2010 Annual Meeting, July 25-27, 2010, Denver, Colorado
Selected Paper
11258
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| Formato: |
22
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