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On the drivers of global grain price volatility: an empirical investigation.
- Source :
- Agricultural Economics / Zemědělská Ekonomika; 2019, Vol. 65 Issue 1, p31-42, 12p
- Publication Year :
- 2019
-
Abstract
- Several drivers may generate market instability, but the partial contribution of different factors is still debated. We investigate how market-based drivers influence the global price volatility of three major grains: wheat, corn, barley. We adopt a Seemingly Unrelated Regression Equations model, in order to investigate potential common patterns. We compare inter-annual, intra-annual, and global volatility, to conclude on short-run and long-run dynamics of markets instability. We quantify the negative relationship linking (temporal) arbitrage and grain price volatility and conclude on the effects of supply movements on price volatility. [ABSTRACT FROM AUTHOR]
- Subjects :
- GRAIN prices
AGRICULTURAL productivity
WHEAT products
CORN farming
BARLEY farming
Subjects
Details
- Language :
- English
- ISSN :
- 0139570X
- Volume :
- 65
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Agricultural Economics / Zemědělská Ekonomika
- Publication Type :
- Academic Journal
- Accession number :
- 134609394
- Full Text :
- https://doi.org/10.17221/76/2018-AGRICECON