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The Impact of Agricultural and Trade Policies on Price Transmission in Central Asia

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  • Bobokhonov, Abdulmajid
  • Pokrivcak, Jan
  • Rajcaniova, Miroslava

Abstract

This paper investigates the market integration between international and domestic markets in the case of two-transition countries namely Tajikistan and Uzbekistan. More specifically, our study aims to understand the extent and speed of price transmission from international to local market. We have used cointegration techniques to analyse the price transmission mechanism, such as a vector error correction model (VEC). We have found strong cointegration evidences between world market and domestic market of Tajikistan while no cointegration was observed in case of Uzbekistan. Tajikistan has liberal trade while Uzbekistan frequently used protectionist trade policy.

Suggested Citation

  • Bobokhonov, Abdulmajid & Pokrivcak, Jan & Rajcaniova, Miroslava, 2016. "The Impact of Agricultural and Trade Policies on Price Transmission in Central Asia," 2016 Fifth AIEAA Congress, June 16-17, 2016, Bologna, Italy 242306, Italian Association of Agricultural and Applied Economics (AIEAA).
    • Handle: RePEc:ags:aiea16:242306
    DOI: 10.22004/ag.econ.242306
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    References listed on IDEAS

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    1. Richard Pomfret, 2010. "Central Asia after Two Decades of Independence," WIDER Working Paper Series wp-2010-053, World Institute for Development Economic Research (UNU-WIDER).
    2. Lerman, Zvi & Sedik, David J., 2008. "The Economic Effects of Land Reform in Central Asia: The Case of Tajikistan," Discussion Papers 46249, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    3. Richard Pomfret, 2009. "Central Asia after Two Decades of Independence," School of Economics Working Papers 2009-32, University of Adelaide, School of Economics.
    4. Ilyasov, Jarilkasin & Goetz, Linde & Akramov, Kamiljon & Dorosh, Paul & Glauben, Thomas, 2015. "Market Integration and PRice Transmission in Tajikistan's Wheat Markets" Rising like rockets but falling like feathers?," 2015 Conference, August 9-14, 2015, Milan, Italy 211786, International Association of Agricultural Economists.
    5. World Bank, 2015. "World Development Indicators 2015," World Bank Publications - Books, The World Bank Group, number 21634, December.
    6. Philip Abbott & Adeline Borot de Battisti, 2011. "Recent Global Food Price Shocks: Causes, Consequences and Lessons for African Governments and Donors-super- †," Journal of African Economies, Centre for the Study of African Economies, vol. 20(suppl_1), pages -62, May.
    7. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
    8. Scott Rozelle & Johan F.M. Swinnen, 2004. "Success and Failure of Reform: Insights from the Transition of Agriculture," Journal of Economic Literature, American Economic Association, vol. 42(2), pages 404-456, June.
    9. Jane Falkingham, 2000. "A Profile of Poverty in Tajikistan," CASE Papers case39, Centre for Analysis of Social Exclusion, LSE.
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    Demand and Price Analysis;

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