Are current EU cereal prices correlated?
This paper evaluates the correlations between European cereal prices in up to 87 markets of 24 Member States. History and geography play a role: The highest correlations are observed between closely located internal markets of the “old” Union; prices are more correlated along transport routes, in pa...
| Автори: | , |
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| Формат: | Стаття |
| Мова: | English |
| Опубліковано: |
Universitat Politècnica de València
2015-12-01
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| Серія: | Economía Agraria y Recursos Naturales |
| Предмети: | |
| Онлайн доступ: | https://polipapers.upv.es/index.php/EARN/article/view/4820 |
| Резюме: | This paper evaluates the correlations between European cereal prices in up to 87 markets of 24 Member States. History and geography play a role: The highest correlations are observed between closely located internal markets of the “old” Union; prices are more correlated along transport routes, in particular rivers. We observe that 10 years after the Accession (8 in the case of Rumania and Bulgaria) we do not have a complete integration between the “old” and the “new” Member States. We advance several possible explanations: Weaker producers’ organisations, lack of storage facilities, less efficient transport facilities. |
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| ISSN: | 1578-0732 2174-7350 |