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Competitive Structure of Kazakhstan, Russia and Ukraine in World Wheat Market: Gravity Model Approach

Author

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  • Glauben, Thomas
  • Imamverdiyev, Nizami
  • Perekhozhuk, Oleksandr
  • Prehn, Sören

Abstract

Due to an increase in export shares of Kazakhstan, Russia and Ukraine (KRU) the competition in global wheat market has become more intense during the last decade. Hence, this study aims to analyze the market structure of KRU over the period 2004-2010. By using the gravity trade model and Poisson Pseudo Maximum Likelihood (PPML) estimation method, this study confirms that the emergence of KRU increases the competition in international wheat market. The other main finding is that there is no evidence of market power of KRU wheat exporters over the South Caucasian and Central Asian countries.

Suggested Citation

  • Glauben, Thomas & Imamverdiyev, Nizami & Perekhozhuk, Oleksandr & Prehn, Sören, 2014. "Competitive Structure of Kazakhstan, Russia and Ukraine in World Wheat Market: Gravity Model Approach," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182949, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae14:182949
    DOI: 10.22004/ag.econ.182949
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    References listed on IDEAS

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    1. Richard Baldwin, 2007. "Trade Effects of the Euro: a Comparison of Estimators," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 22, pages 780-818.
    2. Cho, Guedae & Jin, Hyun Joung & Koo, Won W., 2002. "Measuring The Market Power Of The U.S. Wheat Exporters In Asian Countries: An Issue About Adjustment Of Nominal Exchange Rate When Using As A Cost Shifter; The Competitiveness Of The U.S. Wheat Exporters In Asian Countries," 2002 Annual meeting, July 28-31, Long Beach, CA 19885, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    4. James Anderson & Mykyta Vesselovsky & Yoto Yotov, 2014. "Gravity with Scale Economies," School of Economics Working Paper Series 2014-4, LeBow College of Business, Drexel University.
    5. J. M. C. Santos Silva & Silvana Tenreyro, 2006. "The Log of Gravity," The Review of Economics and Statistics, MIT Press, vol. 88(4), pages 641-658, November.
    6. Santos Silva, J.M.C. & Tenreyro, Silvana, 2011. "Further simulation evidence on the performance of the Poisson pseudo-maximum likelihood estimator," Economics Letters, Elsevier, vol. 112(2), pages 220-222, August.
    7. C. S. C. Sekhar, 2010. "Structure of the World Wheat Market: Some Implications for Strategic Trade Policy?," Journal of Quantitative Economics, The Indian Econometric Society, vol. 8(2), pages 142-158.
    8. Hyun Jin, 2008. "Competitive structure of Canadian wheat exports in the world market," Applied Economics Letters, Taylor & Francis Journals, vol. 15(13), pages 1059-1064.
    9. Zsombor Pall & Oleksandr Perekhozhuk & Ramona Teuber & Thomas Glauben, 2013. "Are Russian Wheat Exporters Able to Price Discriminate? Empirical Evidence from the Last Decade," Journal of Agricultural Economics, Wiley Blackwell, vol. 64(1), pages 177-196, February.
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    Cited by:

    1. Gafarova, Gulmira & Perekhozhuk, Oleksandr & Glauben, Thomas, 2015. "An econometric analysis of market power in Azerbaijani wheat market: Evidence from Kazakhstan and Russia," 2015 Conference, August 9-14, 2015, Milan, Italy 211642, International Association of Agricultural Economists.
    2. Imamverdiyev, Nizami & Anders, Sven & Glauben, Thomas & Perekhozhuk, Oleksandr & Prehn, Soren, 2015. "Determinants of Trade Duration of Kazakhstan's Wheat Exports," 2015 Conference, August 9-14, 2015, Milan, Italy 211788, International Association of Agricultural Economists.
    3. Gafarova, Gulmira & Perekhozhuk, Oleksandr & Glauben, Thomas, "undated". "Analysis Of Oligopolistic Behaviour Of Kazakh And Russian Exporters In The South Caucasus Wheat Market," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261429, European Association of Agricultural Economists.

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