Price Dynamics in the North American Wheat Market

Jungho Baek and Won W. Koo

Agricultural and Resource Economics Review, 2006, vol. 35, issue 2, 11

Abstract: Perron's test, Johansen cointegration analysis, and a vector error-correction (VEC) model are used to identify structural change, as well as to examine price dynamics in the U.S. and Canadian hard red spring (HRS) and durum wheat markets. It is found that, due to the U.S. Export Enhancement Program (EEP), price instability experienced in June 1986 has resulted in structural changes for Canadian HRS and durum prices. We also find that Canadian prices have significant effects on the determination of the U.S. prices in the North American wheat market.

Keywords: Demand and Price Analysis; International Relations/Trade (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/10217/files/35020265.pdf (application/pdf)

Related works:
Journal Article: Price Dynamics in the North American Wheat Market (2006)
Working Paper: Price Dynamics in the North American Wheat Market (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:10217

DOI: 10.22004/ag.econ.10217

Access Statistics for this article

More articles in Agricultural and Resource Economics Review from Northeastern Agricultural and Resource Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().