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Price Damping And Price Insulating Effects Of Wheat Export Restrictions In Kazakhstan, Russia, And Ukraine

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  • Gotz, Linde
  • Djuric, Ivan
  • Glauben, Thomas

Abstract

This study analyzes the domestic price effects of export controls for all 3 KRU countries during the 2007/08 as well as the 2010/11 commodity price peaks. We develop two indicators to measure the strength of the export controls’ price damping and price insulating effect within a non-linear long-run price transmission model. Our analysis comprises 11 cases of export controls, distinguishing regional price effects within Russia. We observe heterogeneity in the damping and insulating effects of the export controls among the KRU and among the regions of Russia. Our model identifies the strongest domestic price effects during the export ban in North Caucasus (Russia), which were transmitted to Central, Black Earth and Volga regions by wheat flows from North Caucasus. For Ukraine the strongest price effects are observed during the export tax system 2011. The price effects identified for the 2006/7, 2007/8 and 2010/11 export quota systems are comparable to those observed for Central, Black Earth and Volga region. Contrary, our results do not identify any price effects of the export ban in Russia on Ural and West Siberia. We also do not find price decreasing effects during the export ban in Kazakhstan and the export tax system in Russia 2007/8. Concluding, the effectiveness of export controls in the KRU to dampen and decouple domestic wheat prices from world market price developments is generally rather limited.

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  • Gotz, Linde & Djuric, Ivan & Glauben, Thomas, 2014. "Price Damping And Price Insulating Effects Of Wheat Export Restrictions In Kazakhstan, Russia, And Ukraine," 54th Annual Conference, Goettingen, Germany, September 17-19, 2014 187448, German Association of Agricultural Economists (GEWISOLA).
    • Handle: RePEc:ags:gewi14:187448
    DOI: 10.22004/ag.econ.187448
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    1. Bobojonov, Ihtiyor & Goetz, Linde & Glauben, Thomas, 2014. "How well does the crop insurance market function in Russia?," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182856, European Association of Agricultural Economists.
    2. Djuric, Ivan & Gotz, Linde & Glauben, Thomas, 2015. "The Imlact of the Russian Import Ban on Domestic Pig Meat Prices in Russia," 2015 Conference, August 9-14, 2015, Milan, Italy 211579, International Association of Agricultural Economists.
    3. Djuric, Ivan & Götz, Linde & Glauben, Thomas, 2015. "Trade Diversion and High Food Prices: The Impact of the Russian Pig Meat Import Ban," 2015: Trade and Societal Well-Being, December 13-15, 2015, Clearwater Beach, Florida 229240, International Agricultural Trade Research Consortium.
    4. Djuric, Ivan & Götz, Linde & Glauben, Thomas, 2015. "Trade Diversion and High Food Prices: The Impact of the Russian Pig Meat Import Ban," 2015: Trade and Societal Well-Being, December 13-15, 2015, Clearwater Beach, Florida 229240, International Agricultural Trade Research Consortium.
    5. Imamverdiyev, Nizami & Anders, Sven & Glauben, Thomas & Perekhozhuk, Oleksandr & Prehn, Soren, 2015. "Determinants of Trade Duration of Kazakhstan's Wheat Exports," 2015 Conference, August 9-14, 2015, Milan, Italy 211788, International Association of Agricultural Economists.
    6. Serebrennikov, Dmytro & Götz, Linde, 2015. "Bayesian threshold adjustment in spatially integrated wheat markets in Russia," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205742, Agricultural and Applied Economics Association.

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    Keywords

    Crop Production/Industries; Demand and Price Analysis;

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