文章基本信息

标题：Price Dynamics in the North American Wheat Market
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作者：Baek, Jungho ; Koo, Won W.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2006
卷号：37
期号：10
页码：265-275
出版社：Food Distribution Research Society
摘要：Perron's test, Johansen cointegration analysis, and a vector error-correction (VEC) model are used to identify structural change, as well as to examine price dynamics in the U.S. and Canadian hard red spring (HRS) and durum wheat markets. It is found that, due to the U.S. Export Enhancement Program (EEP), price instability experienced in June 1986 has resulted in structural changes for Canadian HRS and durum prices. We also find that Canadian prices have significant effects on the determination of the U.S. prices in the North American wheat market.
关键词：Canadian wheat exports;durum wheat;hard red spring wheat;Johansen cointe-gration test;unit root test with a structural break;vector error-correction