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The influence of Russia's 2010/2011 wheat export ban on spatial market integration and transaction costs of grain markets

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  • Svanidze, Miranda
  • Götz, Linde
  • Serebrennikov, Dmytro

Abstract

Strong harvest shortfall and high world market prices prompted the Russian government to implement a wheat export ban in 2010 aiming to dampen domestic wheat prices. Building on regional price and trade data of Russia's wheat producing regions, we find strengthened domestic wheat market integration during the export ban period. Market integration decreased to its pre-ban level in the post-ban period; however, higher transaction costs resulting from increased risk of domestic grain trade during the export ban continued to prevail. Although market integration was temporarily strengthened, the export ban generally hampers market development in the long run.

Suggested Citation

  • Svanidze, Miranda & Götz, Linde & Serebrennikov, Dmytro, 2022. "The influence of Russia's 2010/2011 wheat export ban on spatial market integration and transaction costs of grain markets," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 44(2), pages 1083-1099.
    • Handle: RePEc:zbw:espost:256928
    DOI: 10.1002/aepp.13168
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    References listed on IDEAS

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    Cited by:

    1. Florin Aliu & Jiří Kučera & Simona Hašková, 2023. "Agricultural Commodities in the Context of the Russia-Ukraine War: Evidence from Corn, Wheat, Barley, and Sunflower Oil," Forecasting, MDPI, vol. 5(1), pages 1-23, March.

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    More about this item

    Keywords

    export ban; regional market integration; Russia; TVECM; wheat;
    All these keywords.

    JEL classification:

    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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