Price Dynamics in the North American Wheat Market Reportar como inadecuado




Price Dynamics in the North American Wheat Market - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

Perron's test, Johansen cointegration analysis, and a vector error-correction (VEC) model are used to identify structural change, as well as to examine price dynamics in the U.S. and Canadian hard red spring (HRS) and durum wheat markets. It is found that, due to the U.S. Export Enhancement Program (EEP), price instability experienced in June 1986 has resulted in structural changes for Canadian HRS and durum prices. We also find that Canadian prices have significant effects on the determination of the U.S. prices in the North American wheat market.

Keywords: Canadian wheat exports ; durum wheat ; hard red spring wheat ; Johansen cointe-gration test ; unit root test with a structural break ; vector error-correction

Subject(s): Demand and Price Analysis

International Relations/Trade

Issue Date: 2006-10

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/10217 Published in: Agricultural and Resource Economics Review, Volume 35, Number 2 Page range: 265-275

Total Pages: 11

Record appears in: Northeastern Agricultural and Resource Economics Association (NAREA) > Agricultural and Resource Economics Review





Autor: Baek, Jungho ; Koo, Won W.

Fuente: http://ageconsearch.umn.edu/record/10217?ln=en







Documentos relacionados