Wheat price dynamics in Hungary: resilience to shocks

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Wheat price dynamics in Hungary: resilience to shocks

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Wheat price dynamics in Hungary: resilience to shocks

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název periodika

Journal of Agriculture and Food Research

ISSN

2666-1543

e-ISSN

2666-1543

Svazek periodika

18

Číslo periodika v rámci svazku

neuvedeno

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

9

Strana od-do

1-9

Kód UT WoS článku

001360852100001

EID výsledku v databázi Scopus

2-s2.0-85208759368