价格行为和市场一体化:来自乌克兰和欧盟油菜籽市场的初步证据

M. Hamulczuk, O. Makarchuk, E. Sica
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引用次数: 2

摘要

本文旨在为乌克兰(UA)和欧盟(EU)油菜籽市场之间存在横向一体化提供初步证据。为此,进行了贸易分析和价格分析。特别是,贸易分析是使用美国和欧盟之间的年度贸易流量进行的,而价格共同运动是通过线性向量误差修正模型(VECM)来评估的,该模型应用于2008年至2018年的油菜籽每周价格。我们的研究结果提供了证据,表明在菜籽、菜饼和菜油贸易方面,美国和欧盟市场之间存在很强的一体化,以及两个经济体之间存在较高的水平菜籽价格传导。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Price Behaviour and Market Integration: Preliminary Evidence from the Ukrainian and European Union Rapeseed Markets
This paper aims to provide preliminary evidence about the existence of horizontal integration between the rapeseed markets in Ukraine (UA) and the European Union (EU). To this end, both a trade analysis and a price analysis were carried out. In particular, the trade analysis was performed using yearly trade flows between the UA and EU, whereas price co-movement was assessed by means of linear vector error correction model (VECM) applied to weekly prices for rapeseed from 2008 to 2018. Our findings provide evidence of strong integration between the UA and EU markets in terms of the trade of rapeseeds, rape cake, and rape oil, as well as high horizontal rapeseed price transmission between the two economies.
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