Impact of policy measures on wheat-to-bread supply chain during the global commodity price peaks: The case of Serbia
The aim of this study is to analyze the impact of governmental market interventions in Serbia, among them a wheat export ban, on the country's integration into the international wheat market and the domestic wheat-to-bread supply chain during the global commodity price peaks in 2007/08 and 2010/11. By applying two regime-dependent price transmission models (i.e. Markov-switching models), we help to clarify the impact of the governmental market interventions on two different price transmission contexts: the horizontal one, where we analyze the price transmission and market integration between the Serbian and the world wheat markets; and the vertical one, where we analyze the price transmission mechanisms within the Serbian wheat-to-bread supply chain. Furthermore, we conducted simulations of flour and bread production costs and the bakers' and retailers' profits in order to identify who benefited from and who lost due to the extensive governmental interventions. [... ]
Authors: | Djuric, Ivan |
---|---|
Institutions: | Leibniz-Institut für Agrarentwicklung in Transformationsökonomien (IAMO) |
Saved in:
freely available
Extent: | application/pdf |
---|---|
Series: | Studies on the Agricultural and Food Sector in Central and Eastern Europe. - ISSN 1436-221X. |
Type of publication: | Book / Working Paper |
Source: |
Persistent link: https://www.econbiz.de/10011161216
Saved in favorites
Similar items by person
-
Eastern breadbasket obstructs its market and growth opportunities
Glauben, Thomas, (2014)
-
Die Kornkammer des Ostens blockiert ihre Markt- und Wachstumschancen
Glauben, Thomas, (2014)
-
Götz, Linde, (2013)
- More ...