The analysis of price transmission in transition countries is complicated by their often unstable policy environments. We utilise a Markov-switching vector error correction model (MSVECM) to allow for multiple regime shifts in the price relationship between wheat and wheat flour in Ukraine from...

One of the most important targets ofthe Common Agricultural Policy (CAP) is to facilitatethe spatial integration of agricultural markets within theindividual member states as well as within the Community.On a spatially integrated market, price informationshould freely flow between member states....

‘Productivity and efficiency growth enhances competitiveness’. Similarly formulatedstatements are common in the literature on the economic performance of firms,industries and nations. This conventional perception in the economic literature,originating from trade and growth theory models,...

This study uses a rich dataset of 85 market pairs between January 2000 andOctober 2008 for Kenya, Tanzanian and Uganda, the three largest member countries ofthe East Africa Community, to analyze the factors determining national and cross-nationalmaize price transmission. Although the three...

Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

Studies on the causes for asymmetries in vertical price transmission date back to decades ago, but the attention of theorists and empirical economists is still vivid. In particular the role of perishability is not fully defined. We investigate the vertical price transmission for a heterogeneous...

The perennial shrub sea buckthorn (Hippophae rhamnoidesL.) provides multiple products that are beneficial to hu-man health. In addition, the plant can also be used to combat desertification. In contrast to the vast ecological,agronomic and nutritional literature on this species, little is known...

Quantification of welfare changes due to trade liberalisation play a crucial role for political decision making. However, meaningful comparisons of simulation results from different sources are difficult. Often significant differences in simulated gains from liberalisation do not serve to...

The Israeli citrus export sector was liberalized in 1991 with the aim to increase citrus growers'income and to improve overall efficiency of the international citrus marketing channel. However,the former government export monopoly's activities were mainly taken over by four largecompanies...

The Israeli citrus export sector was liberalized in 1991 with the aim to increase citrus growers’ income and to improve overall efficiency of the international citrus marketing channel. However, the former government export monopoly’s activities were mainly taken over by four large companies...