RUSSIA’S AGRICULTURAL IMPORT SUBSTITUTION POLICY: PRICE VOLATILITY EFFECTS ON THE PORK SUPPLY CHAIN
Linde Götz () and
Tinoush Jamali Jaghdani
No 262003, 57th Annual Conference, Weihenstephan, Germany, September 13-15, 2017 from German Association of Agricultural Economists (GEWISOLA)
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.
Keywords: Agricultural and Food Policy; International Relations/Trade; Risk and Uncertainty (search for similar items in EconPapers)
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