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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
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
Subjects:Economics and management
Language:English
Deposited On:18 Jul 2014 09:07
Metadata Last Modified:18 Jul 2014 09:07

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