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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," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 89, pages 1-10.
    • Handle: RePEc:zbw:espost:207027
    DOI: 10.1016/j.foodpol.2019.101769
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    Cited by:

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    4. Abay, Kibrom & Abdelfattah, Lina Alaaeldin & Breisinger, Clemens & Siddig, Khalid H. A., 2023. "Evaluating Cereal Market (Dis)Integration in Less Developed and Fragile Markets: The Case of Sudan," 2023 Annual Meeting, July 23-25, Washington D.C. 335634, Agricultural and Applied Economics Association.
    5. 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.
    6. 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.
    7. 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.
    8. 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).
    9. 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.
    10. Alexandra Lukyanova & Ayaz Zeynalov, 2022. "Russian Agricultural Industry under Sanction Wars," Papers 2211.09205, arXiv.org, revised Nov 2022.
    11. 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.
    12. 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).

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