Price Behaviour and Market Integration: Preliminary Evidence from the Ukrainian and European Union Rapeseed Markets
This paper aims to provide preliminary evidence about the existence of horizontal integration between the rapeseed markets in Ukraine (UA) and the European Union (EU). To this end, both a trade analysis and a price analysis were carried out. In particular, the trade analysis was performed using year...
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| Format: | Article |
| Language: | English |
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Warsaw University of Life Sciences Press
2019-03-01
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| Series: | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
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| Online Access: | https://prs.sggw.edu.pl/article/view/2664 |
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| _version_ | 1832541005943930880 |
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| author | Mariusz Hamulczuk Oksana Makarchuk Edgardo Sica |
| author_facet | Mariusz Hamulczuk Oksana Makarchuk Edgardo Sica |
| author_sort | Mariusz Hamulczuk |
| collection | DOAJ |
| description | This paper aims to provide preliminary evidence about the existence of horizontal integration between the rapeseed markets in Ukraine (UA) and the European Union (EU). To this end, both a trade analysis and a price analysis were carried out. In particular, the trade analysis was performed using yearly trade flows between the UA and EU, whereas price co-movement was assessed by means of linear vector error correction model (VECM) applied to weekly prices for rapeseed from 2008 to 2018. Our findings provide evidence of strong integration between the UA and EU markets in terms of the trade of rapeseeds, rape cake, and rape oil, as well as high horizontal rapeseed price transmission between the two economies. |
| format | Article |
| id | doaj-art-42b95b4a6199446ca22fc377d21a5d53 |
| institution | Kabale University |
| issn | 2081-6960 2544-0659 |
| language | English |
| publishDate | 2019-03-01 |
| publisher | Warsaw University of Life Sciences Press |
| record_format | Article |
| series | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
| spelling | doaj-art-42b95b4a6199446ca22fc377d21a5d532025-02-04T10:43:10ZengWarsaw University of Life Sciences PressZeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego2081-69602544-06592019-03-0119110.22630/PRS.2019.19.1.4Price Behaviour and Market Integration: Preliminary Evidence from the Ukrainian and European Union Rapeseed MarketsMariusz Hamulczuk0Oksana Makarchuk1Edgardo Sica2Warsaw University of Life Sciences – SGGWNational University of Life and Environmental Sciences of Ukraine – NULES of UkraineUniversity of Foggia, ItalyThis paper aims to provide preliminary evidence about the existence of horizontal integration between the rapeseed markets in Ukraine (UA) and the European Union (EU). To this end, both a trade analysis and a price analysis were carried out. In particular, the trade analysis was performed using yearly trade flows between the UA and EU, whereas price co-movement was assessed by means of linear vector error correction model (VECM) applied to weekly prices for rapeseed from 2008 to 2018. Our findings provide evidence of strong integration between the UA and EU markets in terms of the trade of rapeseeds, rape cake, and rape oil, as well as high horizontal rapeseed price transmission between the two economies.https://prs.sggw.edu.pl/article/view/2664price behaviorhorizontal market integrationUkraineEuropean Unionrapeseed market |
| spellingShingle | Mariusz Hamulczuk Oksana Makarchuk Edgardo Sica Price Behaviour and Market Integration: Preliminary Evidence from the Ukrainian and European Union Rapeseed Markets Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego price behavior horizontal market integration Ukraine European Union rapeseed market |
| title | Price Behaviour and Market Integration: Preliminary Evidence
from the Ukrainian and European Union Rapeseed Markets |
| title_full | Price Behaviour and Market Integration: Preliminary Evidence
from the Ukrainian and European Union Rapeseed Markets |
| title_fullStr | Price Behaviour and Market Integration: Preliminary Evidence
from the Ukrainian and European Union Rapeseed Markets |
| title_full_unstemmed | Price Behaviour and Market Integration: Preliminary Evidence
from the Ukrainian and European Union Rapeseed Markets |
| title_short | Price Behaviour and Market Integration: Preliminary Evidence
from the Ukrainian and European Union Rapeseed Markets |
| title_sort | price behaviour and market integration preliminary evidence from the ukrainian and european union rapeseed markets |
| topic | price behavior horizontal market integration Ukraine European Union rapeseed market |
| url | https://prs.sggw.edu.pl/article/view/2664 |
| work_keys_str_mv | AT mariuszhamulczuk pricebehaviourandmarketintegrationpreliminaryevidencefromtheukrainianandeuropeanunionrapeseedmarkets AT oksanamakarchuk pricebehaviourandmarketintegrationpreliminaryevidencefromtheukrainianandeuropeanunionrapeseedmarkets AT edgardosica pricebehaviourandmarketintegrationpreliminaryevidencefromtheukrainianandeuropeanunionrapeseedmarkets |