| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Factors Constraining Efficiency of Russian Corporate Farms: The Case of the Moscow Region
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| Autores: |
Hockmann, Heinrich
Svetlov, Nikolai M.
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| Data: |
2006-06-07
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| Ano: |
2006
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| Palavras-chave: |
Dairy market
International trade
Market integration
Agribusiness
Productivity Analysis
F15
Q13
Q17
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| Resumo: |
A time series model is estimated to identify the interrelation among prices on the international and the EU domestic market for butter. Although the findings were not derived from a causal model, the inspection of the data provides economically reasonable and important insights in structural relationship between international and domestic prices. The fact that international prices in the EU and Oceania are causal for each other is an indication of an integrated market. Price transmission is not perfect suggesting that competition between the EU and Oceania exists, however, but not as intense as it could be expected for a homogeneous good like butter. The estimates provide that the EU absorbs price fluctuations form the word market. Interestingly, changes of prices in Oceania have no impact on the domestic EU market. Fluctuations of the EU world market prices, on the other hand, are absorbed to a large extent. One explanation is the inappropriate fixing export refunds.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
22172
http://purl.umn.edu/25439
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| Editor: |
AgEcon Search
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| Relação: |
International Association of Agricultural Economists>2006 Annual Meeting, August 12-18, 2006, Queensland, Australia
Poster Paper
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| Formato: |
15
application/pdf
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