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Determinants of spatial market efficiency of grain markets in Russia

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  • Svanidze, Miranda
  • Götz, Linde

Abstract

Results of an unobserved effects model on the determinants of inter- and intraregional grain market integration in Russia in comparison to the USA highlights the differences of the mechanisms underlying market integration in each market. Physical trade flows are exclusively dominant in Russia; in contrast, in the United States, additional information flows induced by commodity futures markets play a great role. Policies which improve grain market efficiency in Russia should not only foster investments in transportation and trade infrastructure, but also the development of market information services and commodity futures markets.

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  • Svanidze, Miranda & Götz, Linde, 2019. "Determinants of spatial market efficiency of grain markets in Russia," Food Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jfpoli:v:89:y:2019:i:c:s0306919219305913
    DOI: 10.1016/j.foodpol.2019.101769
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    Cited by:

    1. Miranda Svanidze & Ivan Đurić, 2021. "Global Wheat Market Dynamics: What Is the Role of the EU and the Black Sea Wheat Exporters?," Agriculture, MDPI, vol. 11(8), pages 1-13, August.
    2. Ballatore, Benedetto Francesco, 2021. "The importance of Russia’s agricultural sector in the MENA geopolitics," MPRA Paper 106440, University Library of Munich, Germany, revised 05 Mar 2021.
    3. Tleubayev, Alisher & Jamali Jaghdani, Tinoush & Götz, Linde & Svanidze, Miranda, 2021. "The relationship between trade policies and macroeconomic adjustments in the Russian cheese market integration," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 22(3), pages 44-68.
    4. Svanidze, Miranda & Đurić, Ivan, 2021. "Global wheat market dynamics: What is the role of the EU and the Black Sea wheat exporters?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 11(8).
    5. Mu, Yali, 2024. "Measuring and benchmarking time-varying market efficiency," IAAE 2024 Conference, August 2-7, 2024, New Delhi, India 344294, International Association of Agricultural Economists (IAAE).
    6. Zhang, Daojun & Yang, Wanjing & Kang, Dingrong & Zhang, Han, 2023. "Spatial-temporal characteristics and policy implication for non-grain production of cultivated land in Guanzhong Region," Land Use Policy, Elsevier, vol. 125(C).
    7. Yali Mu & Stephan von Cramon‐Taubadel, 2022. "Estimating dynamic market efficiency frontiers," Journal of Agricultural Economics, Wiley Blackwell, vol. 73(3), pages 633-653, September.
    8. repec:ags:aaea22:335634 is not listed on IDEAS
    9. Miranda Svanidze & Linde Götz & Dmytro Serebrennikov, 2022. "The influence of Russia's 2010/2011 wheat export ban on spatial market integration and transaction costs of grain markets," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(2), pages 1083-1099, June.
    10. Yanyan Gao & Xinping Wang, 2023. "Chinese agriculture in the age of high‐speed rail: Effects on agricultural value added and food output," Agribusiness, John Wiley & Sons, Ltd., vol. 39(2), pages 387-405, March.
    11. Alisher Tleubayev & Tinoush Jamali Jaghdani & Linde Gotz & Miranda Svanidze, 2021. "The relationship between trade policies and macroeconomic adjustments in the Russian cheese market integration," Journal of New Economy, Ural State University of Economics, vol. 22(3), pages 44-68, October.
    12. Abay, Kibrom A. & Abdelfattah, Lina & Breisinger, Clemens & Siddig, Khalid, 2023. "Evaluating cereal market (dis)integration in less developed and fragile markets: The case of Sudan," Food Policy, Elsevier, vol. 114(C).
    13. Alexandra Lukyanova & Ayaz Zeynalov, 2022. "Russian Agricultural Industry under Sanction Wars," Papers 2211.09205, arXiv.org, revised Nov 2022.

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