IDEAS home Printed from https://ideas.repec.org/p/ags/gewi17/262003.html
   My bibliography  Save this paper

Russia’S Agricultural Import Substitution Policy: Price Volatility Effects On The Pork Supply Chain

Author

Listed:
  • Götz, Linde
  • Jaghdani, Tinoush Jamali

Abstract

The pork sector has been at the centre of Russia’s import substitution policy. It has shown a very dynamic development reaching the government’s aim to increase self-sufficiency to 85% in 2015. However, this policy is facing several challenges. Results of a DCC-MGARCH model confirm our hypothesis that price volatility and thus risk have increased strongly in the pork supply chain in Russia. Concurrently, the volatility spill-overs between the price of slaughtered pork and the price of live swine have more than doubled, indicating increased price interdependence.

Suggested Citation

  • Götz, Linde & Jaghdani, Tinoush Jamali, 2017. "Russia’S Agricultural Import Substitution Policy: Price Volatility Effects On The Pork Supply Chain," 57th Annual Conference, Weihenstephan, Germany, September 13-15, 2017 262003, German Association of Agricultural Economists (GEWISOLA).
    • Handle: RePEc:ags:gewi17:262003
    DOI: 10.22004/ag.econ.262003
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/262003/files/G%C3%B6tz_159.pdf
    Download Restriction: no
    File URL: https://ageconsearch.umn.edu/record/262003/files/G%C3%B6tz_159.pdf?subformat=pdfa
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.262003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. An, Henry & Qiu, Feng & Zheng, Yanan, 2016. "How do export controls affect price transmission and volatility spillovers in the Ukrainian wheat and flour markets?," Food Policy, Elsevier, vol. 62(C), pages 142-150.
    2. Götz, Linde & Goychuk, Kateryna & Glauben, Thomas & Meyers, William H., 2013. "Export Restrictions and Market Uncertainty: Evidence from the Analysis of Price Volatility in the Ukrainian Wheat Market," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150308, Agricultural and Applied Economics Association.
    3. Djuric, Ivan & Götz, Linde & Glauben, Thomas, 2015. "Trade diversion and high food prices - The impact of the Russian pig meat import ban," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205330, Agricultural and Applied Economics Association.
    4. Djuric, Ivan & Götz, Linde & Glauben, Thomas, 2015. "Trade Diversion and High Food Prices: The Impact of the Russian Pig Meat Import Ban," 2015: Trade and Societal Well-Being, December 13-15, 2015, Clearwater Beach, Florida 229240, International Agricultural Trade Research Consortium.
    5. Nicholas Apergis & Anthony Rezitis, 2003. "Agricultural price volatility spillover effects: the case of Greece," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 30(3), pages 389-406, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Svanidze, Miranda & Götz, Linde, 2019. "Determinants of spatial market efficiency of grain markets in Russia," Food Policy, Elsevier, vol. 89(C).
    2. Banse, Martin & Duric, Ivan & Götz, Linde & Laquai, Verena, 2019. "From the Russian food import ban to free trade from Lisbon to Vladivostok - will farmers benefit?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 12(4), pages 20-31.
    3. Daria Loginova & Stefan Mann, 2022. "Institutional contributions to agricultural producer price stability," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 10(1), pages 1-22, December.
    4. Rosero, Gabriel & Jaghdani, Tinoush Jamali & Brümmer, Bernhard, 2021. "Unravelling complex market relationships. A study on the price volatility of Brazilian pork using a DCC-MGARCH approach," 95th Annual Conference, March 29-30, 2021, Warwick, UK (Hybrid) 311090, Agricultural Economics Society - AES.
    5. Daria Loginova & Judith Irek, 2022. "Russian meat price transmission and policy interventions in 2014," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 10(1), pages 1-28, December.
    6. Götz, Linde & Heigermoser, Maximilian & Jamali Jaghdani, Tinoush, 2022. "Russia's food security and impact on agri-food trade," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 115-137.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Banse, Martin & Duric, Ivan & Götz, Linde & Laquai, Verena, 2019. "From the Russian food import ban to free trade from Lisbon to Vladivostok - will farmers benefit?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 12(4), pages 20-31.
    2. Kulyk, Iryna & Herzfeld, Thomas, 2015. "Impediments to wheat export from Ukraine," 2015 International European Forum (144th EAAE Seminar), February 9-13, 2015, Innsbruck-Igls, Austria 206218, International European Forum on System Dynamics and Innovation in Food Networks.
    3. Heng-Hung KUO & Li-Hsing HO & Wen-Hung LIN, 2015. "Do hog breeds matter? Investigating the price volatility in the Taiwan's auction market," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(7), pages 314-325.
    4. López Cabrera, Brenda & Schulz, Franziska, 2016. "Volatility linkages between energy and agricultural commodity prices," Energy Economics, Elsevier, vol. 54(C), pages 190-203.
    5. Rosero, Gabriel & Jaghdani, Tinoush Jamali & Brümmer, Bernhard, 2021. "Unravelling complex market relationships. A study on the price volatility of Brazilian pork using a DCC-MGARCH approach," 95th Annual Conference, March 29-30, 2021, Warwick, UK (Hybrid) 311090, Agricultural Economics Society - AES.
    6. Rogna, Marco & Schamel, Günter & Weissensteiner, Alex, 2019. "Choosing Between Hail Insurance and Anti-Hail Nets: A Simple Model and a Simulation among Apples Producers in South Tyrol," 2019: Trading for Good - Agricultural Trade in the Context of Climate Change Adaptation and Mitigation... Symposium, June 23-25, 2019, Seville, Spain 312593, International Agricultural Trade Research Consortium.
    7. Anthony N. Rezitis & Gregor Kastner, 2021. "On the joint volatility dynamics in international dairy commodity markets," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(3), pages 704-728, July.
    8. Dennis Bergmann & Declan O’Connor & Andreas Thümmel, 2016. "An analysis of price and volatility transmission in butter, palm oil and crude oil markets," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 4(1), pages 1-23, December.
    9. Jiang, Jingze & Marsh, Thomas L. & Tozer, Peter R., 2015. "Policy induced price volatility transmission: Linking the U.S. crude oil, corn and plastics markets," Energy Economics, Elsevier, vol. 52(PA), pages 217-227.
    10. Piotr Borawski & Wojciech Gotkiewicz & James W. Dunn & Theodore Alter, 2015. "The Impact of Price Volatility of Agricultural Commodities in Polandon Alternative Incomes of Conventional, Ecological and AgritourismFarms," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 1(4), pages 299-310, April.
    11. Teresa Serra & José M. Gil, 2013. "Price volatility in food markets: can stock building mitigate price fluctuations?," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 40(3), pages 507-528, July.
    12. Xingchen Lv & Jun Meng & Qiufeng Wu, 2022. "Dynamic Influence of Network Public Opinions on Price Fluctuation of Small Agricultural Products Based on NLP-TVP-VAR Model—Taking Garlic as an Example," Sustainability, MDPI, vol. 14(14), pages 1-21, July.
    13. Milunovich, George & Thorp, Susan, 2006. "Valuing volatility spillovers," Global Finance Journal, Elsevier, vol. 17(1), pages 1-22, September.
    14. Naveen Musunuru, 2016. "Examining Volatility Persistence and News Asymmetry in Soybeans Futures Returns," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(4), pages 487-500, December.
    15. An, Henry & Qiu, Feng & Zheng, Yanan, 2016. "How do export controls affect price transmission and volatility spillovers in the Ukrainian wheat and flour markets?," Food Policy, Elsevier, vol. 62(C), pages 142-150.
    16. 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.
    17. Fan, Jiaping & Anders, Sven & Qiu, Feng, 2022. "Vertical Price Transmission in the Canadian Beef Industry: Does the Canada-US Exchange Rate Matter?," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 23(1), June.
    18. Wei Zhang & Sayed Saghaian & Michael Reed, 2022. "Influences of Power Structure Evolution on Coffee Commodity Markets: Insights from Price Discovery and Volatility Spillovers," Sustainability, MDPI, vol. 14(22), pages 1-27, November.
    19. Anthony N. Rezitis & Gregor Kastner, 2021. "On the joint volatility dynamics in dairy markets," Papers 2104.12707, arXiv.org.
    20. Burhan Ahmad & Ole Gjølberg & Mubashir Mehdi, 2017. "Spatial Differences in Rice Price Volatility:A Case Study of Pakistan 1994–2011," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 56(3), pages 265-289.

    More about this item

    Keywords

    Agricultural and Food Policy; International Relations/Trade; Risk and Uncertainty;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:gewi17:262003. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/gewisea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.