SPATIAL INTEGRATION OF WHEAT MARKETS IN THE REGIONS OF SOUTH CAUCASUS AND CENTRAL ASIA: EVIDENCE FROM ARMENIA, AZERBAIJAN, GEORGIA AND KYRGYZSTAN Report as inadecuate




SPATIAL INTEGRATION OF WHEAT MARKETS IN THE REGIONS OF SOUTH CAUCASUS AND CENTRAL ASIA: EVIDENCE FROM ARMENIA, AZERBAIJAN, GEORGIA AND KYRGYZSTAN - Download this document for free, or read online. Document in PDF available to download.

Efficient functioning of grain markets is an important component of food security in South Caucasus and Central Asia. Wheat provides almost half of total daily calories in those food-insecure countries. We examine the degree of integration of South Caucasian and Central Asian wheat markets with world wheat markets employing linear and threshold cointegration models. Results indicate that markets in South Caucasus region function more efficiently than in Central Asia. In addition, reduction of trade costs is critical for Central Asia as it hinders efficient functioning of wheat markets. Improvement of the transport infrastructure would improve food security in these countries.

Keywords: Food security ; wheat price transmission ; trade costs ; Central Asia ; South Caucasus.

Subject(s): Agricultural and Food Policy

Food Security and Poverty

International Relations/Trade

Issue Date: 2016

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/244889

Record appears in: German Association of Agricultural Economists (GEWISOLA) > 56th Annual Conference, Bonn, Germany, September 28-30, 2016





Author: Svanidze, Miranda ; Götz, Linde ; Djuric, Ivan ; Ilyasov, Jarilkasin ; Glauben, Thomas

Source: http://ageconsearch.umn.edu/record/244889?ln=en



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