| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A Reexamination of Price Dynamics in the International Wheat Market
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| Autores: |
Mohanty, Samarendu
Meyers, William H.
Smith, Darnell B.
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| Data: |
2006-07-31
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| Ano: |
1996
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| Palavras-chave: |
Demand and Price Analysis
International Relations/Trade
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| Resumo: |
This paper examines price relationships in the international wheat market using a cointegration and error correction approach. Price series are found to be first difference stationary and cointegrated. Our results provide evidence that the United States, Australia, the European Union, and Argentina react to Canada's pricing decisions whereas Canada does not respond to any other price changes except Australia's. Similarly, the United States also plays a strong role in the pricing of other exporters (except Canada) and its U.S. pricing decision is affected by changes in Canadian and Australian prices. The remaining exporters such as the European Union and Argentina respond to the U.S. and Canadian price changes but do not have any influence on other prices. Overall, our results suggest that there is no distinct price leader in the international wheat market.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
23169
http://purl.umn.edu/18354
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| Editor: |
AgEcon Search
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| Relação: |
Iowa State University>Center for Agricultural and Rural Development>CARD Working Paper Series
CARD Working Paper 96-WP 171
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| Formato: |
19
application/pdf
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