@article{Hassanzoy:251818,
      recid = {251818},
      author = {Hassanzoy, Najibullah and Ito, Shoichi and Isoda, Hiroshi  and Amekawa, Yuichiro},
      title = {THE EFFECTS OF SWINGS IN GLOBAL WHEAT PRICES ON THE  DOMESTIC MARKETS IN AFGHANISTAN},
      journal = {International Journal of Food and Agricultural Economics  (IJFAEC)},
      address = {2016-10},
      number = {1128-2016-92108},
      series = {Vol 4},
      pages = {14},
      year = {2016},
      abstract = {The recent shocks in global prices of cereals and the  spillover effects of trade restrictive policies adversely  affected domestic markets, particularly in the net food  importing countries such as Afghanistan. This paper  investigates the effects of 2007–2008 spikes in global  wheat prices on the dynamics of price transmission and  long-run equilibrium relationship between global and  domestic wheat markets. The findings indicate that domestic  and global wheat markets may be cointegrated in Regime-I  (pre-break), Regime-II (post-break) and the overall sample  period. Moreover, the elasticity of price transmission and  speed of adjustment towards the long-run equilibrium are  substantially different between the two regimes, i.e., they  appear to be larger in Regime-I as compared to Regime-II.  Similarly, the effect of a shock in global wheat prices on  domestic wheat markets might be long-lasting in Regime-I  but transitory in Regime-II. This research underlines the  need for mitigating the adverse effect of spikes in global  wheat prices on domestic wheat markets in the context of a  landlocked net food importing country.},
      url = {http://ageconsearch.umn.edu/record/251818},
      doi = {https://doi.org/10.22004/ag.econ.251818},
}