Determinants of spatial market efficiency of grain markets in Russia
Abstract
Results of an unobserved effects model on the determinants of inter- and intraregional grain market integration in Russia in comparison to the USA highlights the differences of the mechanisms underlying market integration in each market. Physical trade flows are exclusively dominant in Russia; in contrast, in the United States, additional information flows induced by commodity futures markets play a great role. Policies which improve grain...
Paper Details
Title
Determinants of spatial market efficiency of grain markets in Russia
Published Date
Dec 1, 2019
Journal
Volume
89
Pages
101769 - 101769
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