Study of Causal Dependencies among Prices in the Czech Wheat Commodity Market
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F14%3A00232285" target="_blank" >RIV/62156489:43110/14:00232285 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1016/S2212-5671(14)00314-1" target="_blank" >http://dx.doi.org/10.1016/S2212-5671(14)00314-1</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/S2212-5671(14)00314-1" target="_blank" >10.1016/S2212-5671(14)00314-1</a>
Alternative languages
Result language
angličtina
Original language name
Study of Causal Dependencies among Prices in the Czech Wheat Commodity Market
Original language description
Czech commodity market with wheat underwent significant changes since the beginning of the market economy. In 2004, opening of the EU market brought new business opportunities for Czech plant producers. As a result, nearly third of the country's wheat production is currently realized in foreign markets. This paper focuses on exploration of Granger causality relationships among average wheat price of human consumption quality; animal feed quality and the average price of wheat in the world market (source: World Bank). Monthly time series from July 1993 to August 2013 (T=242) were subjected to stationarity and cointegration tests. Due to nonexistence of equilibrium relationships, the multivariate data were analyzed by Vector Autoregressive (VAR) model infirst differences. Separate VAR models were fitted in periods before EU entry and after to verify assumptions of differential short-term dynamic relationships between the prices, as a result of country's accession to EU. Further, orthogo
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
GA - Agricultural economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
17th International Conference Enterprise And Competitive Environment 2014
ISBN
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ISSN
2212-5671
e-ISSN
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Number of pages
7
Pages from-to
3-9
Publisher name
Elsevier Science Bv
Place of publication
Amsterdam, Netherlands
Event location
Brno, CZECH REPUBLIC
Event date
Mar 6, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
345439100001