Study of Causal Dependencies among Prices in the Czech Wheat Commodity Market

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Study of Causal Dependencies among Prices in the Czech Wheat Commodity Market

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Study of Causal Dependencies among Prices in the Czech Wheat Commodity Market

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

GA - Zemědělská ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

17th International Conference Enterprise And Competitive Environment 2014

ISBN

—

ISSN

2212-5671

e-ISSN

—

Počet stran výsledku

7

Strana od-do

3-9

Název nakladatele

Elsevier Science Bv

Místo vydání

Amsterdam, Netherlands

Místo konání akce

Brno, CZECH REPUBLIC

Datum konání akce

6. 3. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

345439100001