000114438 001__ 114438
000114438 005__ 20180122215731.0
000114438 037__ $$a726-2016-49751
000114438 041__ $$aen
000114438 084__ $$aC34
000114438 084__ $$aQ11
000114438 084__ $$aQ13
000114438 084__ $$aQ17
000114438 084__ $$aQ18
000114438 260__ $$c2011
000114438 269__ $$a2011
000114438 270__ $$mdjuric@iamo.de$$pDjuric,   Ivan
000114438 300__ $$a12
000114438 336__ $$aConference Paper/ Presentation
000114438 520__ $$aThis paper analyzes how the market interventions of the Serbian government during the food crisis 2007/2008, inter alia a de facto export ban, have affected domestic wheat markets. Besides a comprehensive description of the crisis policy and its effects on the Serbian wheat market, we investigate how it influences the equilibrium and stability of the Serbian wheat market and its integration with the world market within a price transmission model. Applying a Markov-switching error correction model to weekly wheat grower prices in Serbia and world market prices, two states of the wheat market are identified. Our results suggest that although the long-run price elasticity did not change during the crisis, the market equilibrium was disrupted and the market stability reduced. Also, we find that the price dampening effect of the export restrictions was only short-lived, and that Serbian wheat grower prices even increased above the world market level.
000114438 542__ $$fLicense granted by Natalie Walker (walke759@umn.edu) on 2011-09-02T13:57:35Z (GMT):

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000114438 650__ $$aAgricultural and Food Policy
000114438 650__ $$aCrop Production/Industries
000114438 6531_ $$ainternational market integration
000114438 6531_ $$aMarkov-Switching Error Correction Model
000114438 6531_ $$aSerbia
000114438 6531_ $$awheat market
000114438 6531_ $$aworld market price transmission
000114438 700__ $$aDjuric, Ivan
000114438 700__ $$aGoetz, Linde
000114438 700__ $$aGlauben, Thomas
000114438 8564_ $$s234683$$uhttp://ageconsearch.umn.edu/record/114438/files/Djuric_Ivan_397.pdf
000114438 887__ $$ahttp://purl.umn.edu/114438
000114438 909CO $$ooai:ageconsearch.umn.edu:114438$$pGLOBAL_SET
000114438 912__ $$nSubmitted by Natalie Walker (walke759@umn.edu) on 2011-09-02T13:59:22Z
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  Previous issue date: 2011
000114438 982__ $$gEuropean Association of Agricultural Economists>2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland
000114438 980__ $$a726