Market Integration and Price Transmission in Tajikistan’s Wheat Markets: Rising Like Rockets but Falling Like Feathers?
Published By: IFPRi on eSS | Published Date: August , 2016The extent of market integration and transmission of food price shocks is a major determinant of price
stability and overall food security, particularly in developing countries. Few studies have examined
these issues for countries in Central Asia, however. This paper aims to fill this gap by examining wheat
market integration and price transmission in Tajikistan, the most food-insecure country in Central Asia.
In particular, in this study we measure how well wheat market prices in Tajikistan are integrated with
international and regional markets, as well as domestically with each other. Subsequently, we assess the
nature of price transmission between these markets. Using horizontal price transmission analysis and
asymmetric price relationships, a.k.a. rockets and feathers, we demonstrate how prices change in
peripheral food-shortage markets compared to markets located in zones with abundant local production. [IFPRI Discussion Paper 01547].
Author(s): Jarilkasin Ilyasov, Linde Götz, Kamiljon Akramov, Paul Dorosh, Thomas Glauben | Posted on: Aug 08, 2016 | Views() | Download (405)