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Are we moving towards functioning agricultural markets and trade relations?

Author

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  • Brosig, Stephan
  • Glauben, Thomas
  • Levkovych, Inna
  • Prehn, Sören
  • Teuber, Ramona

Abstract

We introduce a special feature on the functioning of international agricultural markets. This feature is motivated by the increased interest in the functioning of commodity markets raised by unprecedented price turbulences since 2008, major structural changes through changed roles of emerging economies and related concerns regarding food security. We argue that the delineation of non-functioning markets from markets that adequately adjusted to adverse framework conditions lacks theoretical foundation. We discuss the relevance of some results on institutions for agricultural markets in emerging and transition countries. A synthesis of the articles included in the special feature is provided by highlighting the selection of topics that span a topical range covering price formation on world and domestic markets, market power and trade policy modelling.

Suggested Citation

  • Brosig, Stephan & Glauben, Thomas & Levkovych, Inna & Prehn, Sören & Teuber, Ramona, 2016. "Are we moving towards functioning agricultural markets and trade relations?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 67(3), pages 677-684.
    • Handle: RePEc:zbw:espost:224255
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    References listed on IDEAS

    as
    1. Ivan Djuric & Linde Götz & Thomas Glauben, 2015. "Are Export Restrictions an Effective Instrument to Insulate Domestic Prices Against Skyrocketing World Market Prices? The Wheat Export Ban in Serbia," Agribusiness, John Wiley & Sons, Ltd., vol. 31(2), pages 215-228, April.
    2. Kateryna Goychuk & William H. Meyers, 2014. "Black Sea and World Wheat Market Price Integration Analysis," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 62(2), pages 245-261, June.
    3. Kym Anderson & Hans Grinsted Jensen & Signe Nelgen & Anna Strutt, 2016. "What is the Appropriate Counterfactual When Estimating Effects of Multilateral Trade Policy Reform?," Journal of Agricultural Economics, Wiley Blackwell, vol. 67(3), pages 764-778, September.
    4. Glauben, Thomas & Djuric, Ivan & Götz, Linde & Koester, Ulrich & Loy, Jens-Peter & Páll, Zsombor & Perekhozhuk, Oleksandr & Prehn, Sören & Renner, Swetlana, 2013. "Are Eastern European agricultural markets working? Beware of state-prescribed market interventions!," IAMO Policy Briefs 158304, Institute of Agricultural Development in Transition Economies (IAMO).
    5. Kerstin Uhl & Oleksandr Perekhozhuk & Thomas Glauben, 2016. "Price Discrimination in Russian Wheat Exports: Evidence from Firm-level Data," Journal of Agricultural Economics, Wiley Blackwell, vol. 67(3), pages 722-740, September.
    6. Oleksandr Perekhozhuk & Thomas Glauben & Ramona Teuber & Michael Grings, 2015. "Regional-Level Analysis of Oligopsony Power in the Ukrainian Dairy Industry," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 63(1), pages 43-76, March.
    7. Swinnen, Johan F.M. & Rozelle, Scott, 2006. "From Marx and Mao to the Market: The Economics and Politics of Agricultural Transition," OUP Catalogue, Oxford University Press, number 9780199288915.
    8. John Baffes & Tassos Haniotis, 2016. "What Explains Agricultural Price Movements?," Journal of Agricultural Economics, Wiley Blackwell, vol. 67(3), pages 706-721, September.
    9. Scott Rozelle & Johan F.M. Swinnen, 2004. "Success and Failure of Reform: Insights from the Transition of Agriculture," Journal of Economic Literature, American Economic Association, vol. 42(2), pages 404-456, June.
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    More about this item

    Keywords

    Market functioning; transition countries;

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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