Analysis of price interactions between Czech and world wheat markets
The paper is focused on the analysis of the price interactions between the Czech and world markets for the wheat. The long-term interactions of the wheat market prices were tested by means of the co-integration analysis (Engle-Granger test). The dynamic autoregressive model developed by the author w...
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| Format: | Article |
| Language: | English |
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Mendel University Press
2010-01-01
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| Series: | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| Subjects: | |
| Online Access: | https://acta.mendelu.cz/58/6/0533/ |
| _version_ | 1811195123692732416 |
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| author | Pavel Syrovátka |
| author_facet | Pavel Syrovátka |
| author_sort | Pavel Syrovátka |
| collection | DOAJ |
| description | The paper is focused on the analysis of the price interactions between the Czech and world markets for the wheat. The long-term interactions of the wheat market prices were tested by means of the co-integration analysis (Engle-Granger test). The dynamic autoregressive model developed by the author was used for evaluation of the short-term price interactions. Monthly time series of the market prices from January 1995 till April 2010 were obtained from the Czech Statistical Office and the International Monetary Fund. The results of the co-integration analysis showed, that the price dynamics in the world wheat market does not have a long-term impact on the level of prices in the Czech market for the given commodity. According to the constructed and statistically verified model, the short-term price interactions between the studied markets are not strong too. The value of the determination index (0.5063) implies other factors forming the price dynamics of the Czech wheat market. |
| first_indexed | 2024-04-12T00:38:19Z |
| format | Article |
| id | doaj.art-18df52d7ff554f91adf4f7c6e207ffd6 |
| institution | Directory Open Access Journal |
| issn | 1211-8516 2464-8310 |
| language | English |
| last_indexed | 2024-04-12T00:38:19Z |
| publishDate | 2010-01-01 |
| publisher | Mendel University Press |
| record_format | Article |
| series | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| spelling | doaj.art-18df52d7ff554f91adf4f7c6e207ffd62022-12-22T03:55:06ZengMendel University PressActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis1211-85162464-83102010-01-0158653354210.11118/actaun201058060533Analysis of price interactions between Czech and world wheat marketsPavel Syrovátka0Ústav regionální a podnikové ekonomiky, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republikaThe paper is focused on the analysis of the price interactions between the Czech and world markets for the wheat. The long-term interactions of the wheat market prices were tested by means of the co-integration analysis (Engle-Granger test). The dynamic autoregressive model developed by the author was used for evaluation of the short-term price interactions. Monthly time series of the market prices from January 1995 till April 2010 were obtained from the Czech Statistical Office and the International Monetary Fund. The results of the co-integration analysis showed, that the price dynamics in the world wheat market does not have a long-term impact on the level of prices in the Czech market for the given commodity. According to the constructed and statistically verified model, the short-term price interactions between the studied markets are not strong too. The value of the determination index (0.5063) implies other factors forming the price dynamics of the Czech wheat market.https://acta.mendelu.cz/58/6/0533/Czech wheat priceworld wheat priceprice interactionsshort-term interactionslong-term interactionsco-integration analysis |
| spellingShingle | Pavel Syrovátka Analysis of price interactions between Czech and world wheat markets Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Czech wheat price world wheat price price interactions short-term interactions long-term interactions co-integration analysis |
| title | Analysis of price interactions between Czech and world wheat markets |
| title_full | Analysis of price interactions between Czech and world wheat markets |
| title_fullStr | Analysis of price interactions between Czech and world wheat markets |
| title_full_unstemmed | Analysis of price interactions between Czech and world wheat markets |
| title_short | Analysis of price interactions between Czech and world wheat markets |
| title_sort | analysis of price interactions between czech and world wheat markets |
| topic | Czech wheat price world wheat price price interactions short-term interactions long-term interactions co-integration analysis |
| url | https://acta.mendelu.cz/58/6/0533/ |
| work_keys_str_mv | AT pavelsyrovatka analysisofpriceinteractionsbetweenczechandworldwheatmarkets |