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On milk prices in Kyrgyzstan

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Abstract:

Dynamic relationships among weekly retail prices for milk from three regions of Kyrgyzstan are studied in an error correction framework. Observational data over the period January 1995 - May 1999 are used in the analysis. Results show that prices from the oblasts of Issyk-Kul and Djalal-Abad form one long-run cointegration relationship, with prices from Issyk-Kul exhibiting the property of weak exogeneity. Prices from the Osh oblast are not part of this relationship. These results are related to the levels of state-run milk marketing facilities versus private-run milk marketing facilities and surplus versus deficit milk production in each region.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840050151539

Publication date: September 10, 2000

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