TITLE:
Price Transmission Analysis along the Food Chain in Kazakhstan
AUTHORS:
Yessengali Oskenbayev, Gani Turabayev
KEYWORDS:
Price Transmission Analysis; Cointegration; Agricultural Policy; Kazakhstan
JOURNAL NAME:
Modern Economy,
Vol.5 No.3,
March
18,
2014
ABSTRACT: Vertical price transmission between wheat and
flour markets in Kazakhstan has been analyzed using monthly data during
the period 2000-2010. We found evidence of global market price spikes and
government policies as a response leading to the divergence of prices across
regions ofKazakhstan,
which is especially notable in the flour market. Strikingly, flour prices are
significantly higher in some wheat producing regions.