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Testing Possible Causes of Asymmetric Price Transmission Behavior of Major Importers of U. S. Wheat

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  • Ajewole, Kayode
  • Johnson, Michael

Abstract

This study deals specifically with the international transmission of wheat prices wherein the effect of prices in one market impacts the prices of another. Specifically, it shows that import prices in some countries respond in an asymmetric fashion to changes in the export prices of U.S. wheat. Our results indicate that market concentration in the importing country influences price asymmetry and amount of price variability sends a sufficient clear signal to market participants. We also find that the 2008 financial and food price crisis changed the degree of asymmetry in most of the countries studied in this paper.

Suggested Citation

  • Ajewole, Kayode & Johnson, Michael, 2024. "Testing Possible Causes of Asymmetric Price Transmission Behavior of Major Importers of U. S. Wheat," IAAE 2024 Conference, August 2-7, 2024, New Delhi, India 344396, International Association of Agricultural Economists (IAAE).
    • Handle: RePEc:ags:cfcp15:344396
    DOI: 10.22004/ag.econ.344396
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    Keywords

    Demand and Price Analysis; International Relations/Trade;

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