The influence of Russia's 2010/2011 wheat export ban on spatial market integration and transaction costs of grain markets

Autor:	Miranda Svanidze, Linde Götz, Dmytro Serebrennikov
Rok vydání:	2021
Předmět:	Transaction cost Market integration Economics and Econometrics regional market integration food and beverages Q18 Development Q11 Q02 Russia TVECM wheat ddc:330 export ban Business health care economics and organizations Industrial organization
Zdroj:	Applied Economic Perspectives and Policy. 44:1083-1099
ISSN:	2040-5804 2040-5790
DOI:	10.1002/aepp.13168
Popis:	Strong harvest shortfall and high world market prices prompted the Russian government to implement a wheat export ban in 2010 aiming to dampen domestic wheat prices. Building on regional price and trade data of Russia's wheat producing regions, we find strengthened domestic wheat market integration during the export ban period. Market integration decreased to its pre-ban level in the post-ban period; however, higher transaction costs resulting from increased risk of domestic grain trade during the export ban continued to prevail. Although market integration was temporarily strengthened, the export ban generally hampers market development in the long run.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e72279da365068e2139390c3fbde9786 https://doi.org/10.1002/aepp.13168 Zobrazit plný text záznamu