Pricing‐To‐Market Analysis: The Case of EU Wheat Exports
Abstract The EU is a major player in the global wheat market. This paper examines the pricing behaviour of EU wheat exporters using a pricing‐to‐market ( PTM ) analysis. Wheat is an exemplary product for testing PTM theories as it is widely and frequently traded, and largely unbranded. We estimate t...
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crwiley:10.1111/1477-9552.12199 2024-06-02T08:09:13+00:00 Pricing‐To‐Market Analysis: The Case of EU Wheat Exports Dawson, Philip Gorton, Matthew Hubbard, Carmen Hubbard, Lionel Seventh Framework Programme 2016 http://dx.doi.org/10.1111/1477-9552.12199 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2F1477-9552.12199 https://onlinelibrary.wiley.com/doi/pdf/10.1111/1477-9552.12199 en eng Wiley http://onlinelibrary.wiley.com/termsAndConditions#vor Journal of Agricultural Economics volume 68, issue 1, page 301-315 ISSN 0021-857X 1477-9552 journal-article 2016 crwiley https://doi.org/10.1111/1477-9552.12199 2024-05-03T11:11:19Z Abstract The EU is a major player in the global wheat market. This paper examines the pricing behaviour of EU wheat exporters using a pricing‐to‐market ( PTM ) analysis. Wheat is an exemplary product for testing PTM theories as it is widely and frequently traded, and largely unbranded. We estimate the relationship between export unit values and exchange rates using quarterly panel data for 11 EU export destinations for 2000–2013. Results show that there is a meaningful long‐run relationship between export unit values and exchange rates, but there is little evidence of differential mark‐ups between EU export markets. Belarus and Iceland are exceptions where exporters from the EU appear to exercise local currency price stabilisation. Article in Journal/Newspaper Iceland Wiley Online Library Journal of Agricultural Economics 68 1 301 315 |
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description |
Abstract The EU is a major player in the global wheat market. This paper examines the pricing behaviour of EU wheat exporters using a pricing‐to‐market ( PTM ) analysis. Wheat is an exemplary product for testing PTM theories as it is widely and frequently traded, and largely unbranded. We estimate the relationship between export unit values and exchange rates using quarterly panel data for 11 EU export destinations for 2000–2013. Results show that there is a meaningful long‐run relationship between export unit values and exchange rates, but there is little evidence of differential mark‐ups between EU export markets. Belarus and Iceland are exceptions where exporters from the EU appear to exercise local currency price stabilisation. |
author2 |
Seventh Framework Programme |
format |
Article in Journal/Newspaper |
author |
Dawson, Philip Gorton, Matthew Hubbard, Carmen Hubbard, Lionel |
spellingShingle |
Dawson, Philip Gorton, Matthew Hubbard, Carmen Hubbard, Lionel Pricing‐To‐Market Analysis: The Case of EU Wheat Exports |
author_facet |
Dawson, Philip Gorton, Matthew Hubbard, Carmen Hubbard, Lionel |
author_sort |
Dawson, Philip |
title |
Pricing‐To‐Market Analysis: The Case of EU Wheat Exports |
title_short |
Pricing‐To‐Market Analysis: The Case of EU Wheat Exports |
title_full |
Pricing‐To‐Market Analysis: The Case of EU Wheat Exports |
title_fullStr |
Pricing‐To‐Market Analysis: The Case of EU Wheat Exports |
title_full_unstemmed |
Pricing‐To‐Market Analysis: The Case of EU Wheat Exports |
title_sort |
pricing‐to‐market analysis: the case of eu wheat exports |
publisher |
Wiley |
publishDate |
2016 |
url |
http://dx.doi.org/10.1111/1477-9552.12199 https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2F1477-9552.12199 https://onlinelibrary.wiley.com/doi/pdf/10.1111/1477-9552.12199 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Journal of Agricultural Economics volume 68, issue 1, page 301-315 ISSN 0021-857X 1477-9552 |
op_rights |
http://onlinelibrary.wiley.com/termsAndConditions#vor |
op_doi |
https://doi.org/10.1111/1477-9552.12199 |
container_title |
Journal of Agricultural Economics |
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68 |
container_issue |
1 |
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301 |
op_container_end_page |
315 |
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1800754891095801856 |