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Coronel, Daniel Arruda; Amorim, Airton Lopes; Sousa, Eliane Pinheiro de; Lima, Joao Eustaquio de. |
The aim of this paper is to check if there is a relation between the wheat prices of the Argentinian and the International market, if these markets are integrated in space. For that, it was used as time reference the period from January, 1994 to April, 2009. Unit root tests, Granger causality, Johansen cointegration, estimation of the impulse response function, decomposition of error variation and estimation and analysis of the error correction model were used. The results indicated that variations in the international prices of wheat were almost completely transmitted for the run long. However, it is not possible to affirm that the Argentinian and the International markets are perfectly integrated even if they have a higher transmission of prices This is... |
Tipo: Working or Discussion Paper |
Palavras-chave: Integration of prices; Law of the One Price; Wheat market; Demand and Price Analysis; International Relations/Trade; C32; Q13. |
Ano: 2010 |
URL: http://purl.umn.edu/114463 |
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Coronel, Daniel Arruda; Amorim, Airton Lopes; Braga, Marcelo Jose; Campos, Antonio Carvalho. |
The objective of this paper was to verify the market power of the Argentinean, Brazilian and American exports of soymeal to the European Union, the main consumer market of this commodity. For that, the article is based on the methodology of residual demand. Using the methods Seemingly Unrelated Regression (SUR), Two-Stage Least Squares (2SLS) and Three-Stage Least Squares (3SLS), the results indicated that, though this segment is concentrated by Argentina, Brazil and the United States, none of these countries presented market power for soymeal exports. In other words, they are not able to change soymeal prices without to decrease the exports |
Tipo: Working or Discussion Paper |
Palavras-chave: Market Power; International Trade; Soymeal; Residual Demand; Industrial Organization; International Relations/Trade; F12; L13. |
Ano: 2010 |
URL: http://purl.umn.edu/114462 |
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