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Spatial integration of Russian domestic wheat markets

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  • Serebrennikov, Dmytro
  • Glauben, Thomas
  • Goetz, Linde

Abstract

This study employs the econometric framework of price transmission to analyze spatial integration of major wheat growing markets in Russia. Russian government frequently intervenes to regulate trade relations by restricting export of wheat abroad in the periods of deficit of supply. Different non-linear models are used to capture the impact of intervention measures. The results show that in isolation from global markets, Russian export-oriented wheat producers increase their presence inside the country and domestic trade becomes more active. As a result, government interventions lead to reduction of wheat deficits.

Suggested Citation

  • Serebrennikov, Dmytro & Glauben, Thomas & Goetz, Linde, 2014. "Spatial integration of Russian domestic wheat markets," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182754, European Association of Agricultural Economists.
  • Handle: RePEc:ags:eaae14:182754
    DOI: 10.22004/ag.econ.182754
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    File URL: http://ageconsearch.umn.edu/record/182754/files/Serebrennikov-Spatial_integration_of_Russian_domestic_wheat_markets-624_a.pdf
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    References listed on IDEAS

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    1. Brosig, Stephan & Glauben, Thomas & Götz, Linde & Weitzel, Enno-Burghard & Bayaner, Ahmet, 2011. "The Turkish wheat market: spatial price transmission and the impact of transaction costs," EconStor Open Access Articles, ZBW - Leibniz Information Centre for Economics, pages 147-161.
    2. Götz, Linde & Glauben, Thomas & Brümmer, Bernhard, 2013. "Wheat export restrictions and domestic market effects in Russia and Ukraine during the food crisis," Food Policy, Elsevier, vol. 38(C), pages 214-226.
    3. Konstantin Gluschenko, 2015. "Impact of the global crisis on spatial disparities in Russia," Papers in Regional Science, Wiley Blackwell, vol. 94(1), pages 3-23, March.
    4. Jochen Meyer & Stephan von Cramon‐Taubadel, 2004. "Asymmetric Price Transmission: A Survey," Journal of Agricultural Economics, Wiley Blackwell, vol. 55(3), pages 581-611, November.
    5. Enders, Walter & Siklos, Pierre L, 2001. "Cointegration and Threshold Adjustment," Journal of Business & Economic Statistics, American Statistical Association, vol. 19(2), pages 166-176, April.
    6. Fackler, Paul L. & Goodwin, Barry K., 2001. "Spatial price analysis," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.),Handbook of Agricultural Economics, edition 1, volume 1, chapter 17, pages 971-1024, Elsevier.
    7. Abdulai, Awudu, 2000. "Spatial price transmission and asymmetry in the Ghanaian maize market," Journal of Development Economics, Elsevier, vol. 63(2), pages 327-349, December.
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    Cited by:

    1. 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

    Demand and Price Analysis;

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