000103894 001__ 103894
000103894 005__ 20180122215200.0
000103894 037__ $$a321-2016-11100
000103894 041__ $$aen
000103894 245__ $$aBlack Sea Wheat Market Integration with the International Wheat Markets: Some Evidence
from Co-integration Analysis
000103894 260__ $$c2011
000103894 269__ $$a2011
000103894 270__ $$mkgoychuk@gmail.com$$pGoychuk,   Kateryna
000103894 270__ $$mmeyersw@missouri.edu$$pMeyers,   William H.
000103894 300__ $$a16
000103894 336__ $$aConference Paper/ Presentation
000103894 390__ $$aReplaced with revised version of paper 07/19/11.
000103894 500__ $$aReplaced with revised version of paper 07/19/11.
000103894 520__ $$aIn the last two years, Russia and Ukraine together exported an average of 29 million tons of
wheat per year (USDA), and have become important players in the international wheat market. This
paper examines the nature of the short- and long-run wheat price dynamics between Ukraine and
Russia and other major wheat exporters - United States, European Union (EU), and Canada. For this
purpose we use cointegration techniques (both the Johansen ML test and the Engel and Granger
procedure) as well as the error correction model. The results suggest that Russian price series are
cointegrated with those of the EU, but not with Canadian or U.S. wheat prices. Ukrainian prices series
are found not to be cointegrated with other series. The estimated long-run price transmission elasticity
between Russian and French (a representative country of the EU) wheat prices is equal to 1.07. We
found the short-term relationship between Russia and EU also to be statistically significant. We show
that after the price change occurs in the French price, Russian wheat price adjusts to the change within
6 months.
000103894 542__ $$fLicense granted by Kateryna Goychuk (kgoychuk@gmail.com) on 2011-05-04T01:46:58Z (GMT):

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000103894 650__ $$aAgricultural and Food Policy
000103894 650__ $$aDemand and Price Analysis
000103894 650__ $$aResearch Methods/ Statistical Methods
000103894 6531_ $$aprice transmission
000103894 6531_ $$amarket integration
000103894 6531_ $$aUkraine
000103894 700__ $$aGoychuk, Kateryna
000103894 700__ $$aMeyers, William H.
000103894 8564_ $$s284970$$uhttp://ageconsearch.umn.edu/record/103894/files/Goychuk_Meyeres_AAEA2011-1.pdf
000103894 887__ $$ahttp://purl.umn.edu/103894
000103894 909CO $$ooai:ageconsearch.tind.io:103894$$pGLOBAL_SET
000103894 912__ $$nSubmitted by Kateryna Goychuk (kgoychuk@gmail.com) on 2011-05-04T01:49:25Z
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  Previous issue date: 2011
000103894 982__ $$gAgricultural and Applied Economics Association>2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania
000103894 980__ $$a321