Engelmann, Marc, 2014. Price transmission in the Swedish wheat market and implications on a structural shock in demand. Second cycle, A2E. Uppsala: SLU, Dept. of Economics
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Abstract
This thesis is evaluating price transmission patterns in the Swedish market for feeding and milling wheat. This is done to identify if a market shock - that occured in one region 2008 - had had a significant impact on other regional prices. After reviewing Literature and Methods, a Vector Error Correction approach is used to estimate elasticities and speed of adjustment, to see how prices react. Using differential analysis, a specific structural shock in demand is evaluated to see if the relative prices with a reference price changed. The shock has been the expansion of an ethanol-plant in the region Norrköping that increased its demand by 300% to 597.000 tons of milling wheat. The analysis is going to show, that under certain assumptions a price increase of 80 – 110 SEK/ton for the different qualities can be determined.
| Main title: | Price transmission in the Swedish wheat market and implications on a structural shock in demand |
|---|---|
| Authors: | Engelmann, Marc |
| Supervisor: | Andersson, Hans |
| Examiner: | Gren, Ing-Marie |
| Series: | Examensarbete / SLU, Institutionen för ekonomi |
| Volume/Sequential designation: | 847 |
| Year of Publication: | 2014 |
| Level and depth descriptor: | Second cycle, A2E |
| Student's programme affiliation: | NM002 Agricultural Economics and Management - Master's Programme 120 HEC |
| Supervising department: | (NL, NJ) > Dept. of Economics |
| Keywords: | price transmission, structural breaks, VECM, wheat market |
| URN:NBN: | urn:nbn:se:slu:epsilon-s-3449 |
| Permanent URL: | http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-s-3449 |
| Subject. Use of subject categories until 2023-04-30.: | Economics and management |
| Language: | English |
| Deposited On: | 18 Jul 2014 09:07 |
| Metadata Last Modified: | 18 Jul 2014 09:07 |
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