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Price and Exchange Rate Transmission in Russian Food Markets

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  • Osborne, Stefan
  • Liefert, William M.

Abstract

The paper estimates price and exchange rate elasticities in Russia during 1994-2000 for the country's major agricultural traded goods. The calculations not only can be used for trade forecasting, but also serve as indicators of the degree to which Russia is integrated into world agricultural markets. The results show that the transmission of changes in world trade prices and the exchange rate to changes in Russian domestic food prices is generally low, though highest for Moscow and St. Petersburg.

Suggested Citation

  • Osborne, Stefan & Liefert, William M., 2001. "Price and Exchange Rate Transmission in Russian Food Markets," 2001 Annual meeting, August 5-8, Chicago, IL 20576, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20576
    DOI: 10.22004/ag.econ.20576
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    References listed on IDEAS

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    1. Berkowitz, Daniel & DeJong, David N., 1999. "Russia's internal border," Regional Science and Urban Economics, Elsevier, vol. 29(5), pages 633-649, September.
    2. Berkowitz, Daniel & DeJong, David N. & Husted, Steven, 1998. "Quantifying Price Liberalization in Russia," Journal of Comparative Economics, Elsevier, vol. 26(4), pages 735-760, December.
    3. Liefert, William M. & Swinnen, Johan F.M., 2002. "Changes In Agricultural Markets In Transition Economies," Agricultural Economic Reports 33945, United States Department of Agriculture, Economic Research Service.
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