Skip to main content

Price Dynamics in the International Wheat Market: Modeling with Error Correction and Directed Acyclic Graphs

Buy Article:

$43.00 plus tax (Refund Policy)

In this paper we examine dynamic relationships among wheat prices from five countries for the years 1981–1999. Error correction models and directed acyclic graphs are employed with observational data to sort–out the dynamic causal relationships among prices from major wheat producing regions: Canada, the European Union, Argentina, Australia, and the United States. An ambiguity related to the cyclic or acyclic flow of information between Canada and Australia is uncovered. We condition our analysis on the assumption that information flow is acyclic. The empirical results show that Canada and the U.S. are leaders in the pricing of wheat in these markets. The U.S. has a significant effect on three markets excluding Canada.
No References
No Citations
No Supplementary Data
No Data/Media
No Metrics

Document Type: Research Article

Affiliations: 1: Texas A&M University d–[email protected] 2: Prairie View A&M University [email protected] 3: USDA Forest Service, Madison, Wisconsin [email protected]

Publication date: 2003-02-01

  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more