RUSSIA’S AGRICULTURAL IMPORT SUBSTITUTION POLICY: PRICE VOLATILITY EFFECTS ON THE PORK SUPPLY CHAIN

The pork sector has been at the centre of Russia’s import substitution policy. It has shown a very dynamic development reaching the government’s aim to increase self-sufficiency to 85% in 2015. However, this policy is facing several challenges. Results of a DCC-MGARCH model confirm our hypothesis that price volatility and thus risk have increased strongly in the pork supply chain in Russia. Concurrently, the volatility spill-overs between the price of slaughtered pork and the price of live swine have more than doubled, indicating increased price interdependence.


Issue Date:
Aug 15 2017
Publication Type:
Conference Paper/ Presentation
Language:
English
Total Pages:
14




 Record created 2017-08-17, last modified 2017-08-23

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