Please use this identifier to cite or link to this item: http://hdl.handle.net/10889/10743
Title: Investigating the international prices of wheat and rice
Authors: Rezitis, Anthony
Pachis, Dimitris
Ntinou, Anastasia
Keywords: Structural time series
International prices
Wheat
Rice
Keywords (translated): Διαρθρωτικές χρονοσειρές
Διεθνείς τιμές
Σιτάρι
Ρύζι
Source: Agricultural and Food Economics
Abstract: This paper investigates the international quarterly prices of wheat and rice from 1983(1) to 2012(4). The empirical analysis takes place with the structural time series methodology which decomposes the price series into their trend, cycle, seasonal and irregular components. The empirical results indicate that wheat prices present cyclical behavior while rice prices except for cyclicality are mainly governed by the irregular component. The results strain the importance of treating wheat and rice like two distinct commodities that require country specific and commodity specific policy measures. Finally, the impact of the shrinking Chinese grain stocks after 2002 is proposed as an important factor that resulted in the 2008 price spike.
Abstract (translated): --
Appears in Collections:Τμήμα Ιατρικής (Δημοσ. Π.Π. σε περιοδικά)

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