The rise of the ‘emerging economies’: towards functioning agricultural markets and trade relations? World wheat market instability inspired by emerging markets Cover Image

Wzrost gospodarek wchodzących: w kierunku rynków rolnych i stosunków handlowych. Niestabilność światowego rynku pszenicy na rynkach wschodzących
The rise of the ‘emerging economies’: towards functioning agricultural markets and trade relations? World wheat market instability inspired by emerging markets

Author(s): Andrii Skrypnyk, Mykola Talavyria, Eduard Bukin
Subject(s): Economy
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: Decomposition of production variation; emerging wheat market; wheat yields and harvested area variation

Summary/Abstract: After the USSR decayed into independent countries, wheat production of Ukraine, Kazakhstan and Russia got impulse to tremendous development. The Former Soviet Republics (FSR) from net importers of wheat turned into the net exporters. However, instead of only increasing of global wheat trade, these countries induced enormous volatility to the global market. Regarding that, some institutional changes aimed to decrease variation of wheat production are still not introduced in the FSR. Thus, identifying of key problem in countries policy remains a discussion issue. This article presents production variation decomposition based on input/output data of wheat production in the FSR. Methodology, provided in the articles allows to understand and measure influences of production component on overall production variation

  • Issue Year: 3/2015
  • Issue No: 1
  • Page Range: 47-62
  • Page Count: 16
  • Language: English