On milk prices in Kyrgyzstan
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.