Spatial market efficiency of grain markets in Russia and global food security : a comparison with the USA / Miranda Svanidze and Linde Götz
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Discovery
1662406193
URN
urn:nbn:de:gbv:3:2-107244
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Leibniz Institute of Agricultural Development in Transition Economies, [2019]
Umfang
1 Online-Ressource (circa 44 Seiten, 3,51 MB) : Diagramme
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
Using a threshold vector error correction model approach we find the wheat market of Russia segmented, with the primary grain export region poorly integrated into the domestic market. Results also indicate that trade costs are high, hindering spatial market efficiency of wheat markets in Russia. In addition, our study demonstrates that, by including the USA as benchmark country, a comparative approach enables a more comprehensive assessment of the spatial market efficiency of the wheat market in Russia. The study shows that the distinction between grain production and export potential, especially for markets located in peripheral regions of Russia, is essential to correctly identify Russia's future role for global food security. As a general conclusion, besides raising agricultural production potential it is also essential to strengthen spatial market efficiency in the agricultural sector to boost agricultural export potential and to increase global food security.
Schriftenreihe
Discussion paper ; # 187 (2019) ppn:776633635