Market Integration and PRice Transmission in Tajikistan's Wheat Markets" Rising like rockets but falling like feathers?

Studies on food price transmission and market integration, particularly in less developed countries, have received increased attention since the recent so-called ‘food crises’. They help us understand implications of price relationships in different markets on food security and livelihoods in food insecure countries in an interconnected world. However, despite wide coverage of areas, Central Asia received limited exposure. This paper aims to fill this gap and study wheat market integration and price transmission in Tajikistan, the most food insecure country in Central Asia. In particular, in this study we measure how well wheat market prices in Tajikistan are integrated with international and regional markets, as well as domestically with each other. Subsequently, we assess the nature of price transmission between these markets. Using horizontal price transmission analysis we specifically focus on asymmetric price relationships, a.k.a. rockets and feathers, between different markets.

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Conference Paper/ Presentation
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JEL Codes:
Q11; Q18

 Record created 2017-04-01, last modified 2018-01-23

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