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Vertical price transmission between wheat andflour markets in Kazakhstan has been analyzed using monthly data duringthe period 2000-2010. We found evidence of global market price spikes andgovernment policies as a response leading to the divergence of prices acrossregions ofKazakhstan,which is especially notable in the flour market. Strikingly, flour prices aresignificantly higher in some wheat producing regions.

KEYWORDS

Price Transmission Analysis; Cointegration; Agricultural Policy; Kazakhstan

Cite this paper

Oskenbayev, Y. and Turabayev, G. 2014 Price Transmission Analysis along the Food Chain in Kazakhstan. Modern Economy, 5, 175-187. doi: 10.4236-me.2014.53019.





Autor: Yessengali Oskenbayev, Gani Turabayev

Fuente: http://www.scirp.org/



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