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

Author

Listed:
  • 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

    as
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    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.
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