Wheat price dynamics in Hungary: resilience to shocks

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A101258" target="_blank" >RIV/60460709:41110/24:101258 - isvavai.cz</a>

Result on the web

<a href="https://www.researchgate.net/publication/385754822_Wheat_Price_Dynamics_in_Hungary_Resilience_to_Shocks" target="_blank" >https://www.researchgate.net/publication/385754822_Wheat_Price_Dynamics_in_Hungary_Resilience_to_Shocks</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jafr.2024.101511" target="_blank" >10.1016/j.jafr.2024.101511</a>

Result language

angličtina

Original language name

Wheat price dynamics in Hungary: resilience to shocks

Original language description

This study investigates the impact of recent global disruptions, focusing on the Covid-19 pandemic and the ongoing Ukraine-Russia war, on Hungary's wheat-flour supply chain, with a focus on price transmission and market integration. While much research has explored food supply chain disruptions and rising prices globally, there has been limited analysis of their effects on Central and Eastern European agricultural markets, particularly Hungary. This study fills that gap by using linear and non-linear cointegration approaches to examine price relationships along the wheat supply chain. Causality tests indicate a strong bidirectional relationship between producer and consumer prices, demonstrating a tightly integrated market. Cointegration analysis reveals a long-term equilibrium between these prices, with no significant structural breaks during either the pandemic or the Ukraine war. Despite short-term price asymmetries, the study finds that producer-level price changes are ultimately transmitted to consumer prices in the long run, offering insights into Hungary's unique agricultural market dynamics.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Agriculture and Food Research

ISSN

2666-1543

e-ISSN

2666-1543

Volume of the periodical

18

Issue of the periodical within the volume

neuvedeno

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

9

Pages from-to

1-9

UT code for WoS article

001360852100001

EID of the result in the Scopus database

2-s2.0-85208759368