Price Transmission Analysis along the Food Chain in Kazakhstan

Yessengali Oskenbayev, Gani Turabayev

Center for Development Research (ZEF), Bonn, Germany;Horizon Research Center, Suleyman Demirel University, Almaty, Kazakhstan.
Department of Finance and Accounting, Kazakh National Pedagogical University Abai, Almaty, Kazakhstan.

DOI: 10.4236/me.2014.53019                

Abstract

Vertical price transmission between wheat and flour markets in Kazakhstan has been analyzed using monthly data during the period 2000-2010. We found evidence of global market price spikes and government policies as a response leading to the divergence of prices across regions ofKazakhstan, which is especially notable in the flour market. Strikingly, flour prices are significantly higher in some wheat producing regions.

Keywords

Price Transmission Analysis; Cointegration; Agricultural Policy; Kazakhstan

Conflicts of Interest

The authors declare no conflicts of interest.

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