@article{Rumánková:254032,
      recid = {254032},
      author = {Rumánková, L.},
      title = {Evaluation of Market Relations in Soft Milling Wheat  Agri-food Chain},
      journal = {AGRIS on-line Papers in Economics and Informatics},
      address = {2016-12-30},
      number = {665-2016-45136},
      series = {8},
      pages = {9},
      month = {Dec},
      year = {2016},
      abstract = {This paper deals with the assessment of price transmission  in partial chains of soft milling wheat on example of the  Czech Republic. The price transmission examination is  accompanied by an international comparison of analyzed  topic. The analysis is carried out for the chain of smooth  flour, white baked goods and consumer bread. In all cases,  the relation of the farm-gate price – wholesale price –  consumer price is examined. The aim of the article is to  address the question of whether all of the partial product  chains of soft milling wheat can be considered identical in  terms of the formation of the price and its transmission to  other levels. The analysis itself is based upon variables  in the form of time series containing monthly data for the  period of January 1999 – October 2011, the time series  contain 154 observations. Subsequently, the possibility of  the results generalization was verified based on the  results of the price transmission in period of January 2012  – December 2015. Price transmission is modeled with the  utilization of the Vector Error Correction Model and  co-integration analysis. The research showed certain  congruent features of the analyzed chains, which can be  further generalized. However, significant differences were  also established, which constitute the uniqueness of each  chain. One-way relations were established on some market  levels, while mutual relations were established on others.  Overall, the relations in the analyzed agri-food chains can  be considered long-term, inelastic and demand-driven. Price  transmissions in the chains do occur, individual changes in  partial prices are followed by the relevant reaction.},
      url = {http://ageconsearch.umn.edu/record/254032},
      doi = {https://doi.org/10.22004/ag.econ.254032},
}