Testing Possible Causes of Asymmetric Price Transmission Behavior of Major Importers of U. S. Wheat

Kayode Ajewole and Michael Johnson

No 344396, IAAE 2024 Conference, August 2-7, 2024, New Delhi, India from International Association of Agricultural Economists (IAAE)

Abstract: This study deals specifically with the international transmission of wheat prices wherein the effect of prices in one market impacts the prices of another. Specifically, it shows that import prices in some countries respond in an asymmetric fashion to changes in the export prices of U.S. wheat. Our results indicate that market concentration in the importing country influences price asymmetry and amount of price variability sends a sufficient clear signal to market participants. We also find that the 2008 financial and food price crisis changed the degree of asymmetry in most of the countries studied in this paper.

Keywords: Demand and Price Analysis; International Relations/Trade (search for similar items in EconPapers)
Pages: 33
Date: 2024-07-26
New Economics Papers: this item is included in nep-agr, nep-com and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cfcp15:344396

DOI: 10.22004/ag.econ.344396

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