Price Transmission Mechanisms: a Policy Investigation of International Wheat Markets

Giulia Listorti ()
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Giulia Listorti: Universita' Politecnica delle Marche, Dipartimento di Economia

No 318, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Abstract: This work focuses on soft wheat price transmission mechanisms between the United States and the European Union. In particular, by performing a cointegration analysis, it aims at analyzing if and to which extent the prices in the two countries were related in the years from 1978 to 2003, provided that the market of this commodity was deeply influenced by the Common Agricultural Policy. The issue of how domestic and international policy regime changes affected price transmission elasticities is also explored.

Keywords: cointegration; common agricultural policy; international price trasmission; law of one price (search for similar items in EconPapers)
JEL-codes: Q11 Q17 Q18 (search for similar items in EconPapers)
Pages: 52
Date: 2008-03
New Economics Papers: this item is included in nep-agr
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:anc:wpaper:318

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