Pricing to Market Behavior by Canadian and U.S. Agri‐food Exporters: Evidence from Wheat, Pulse and Apples

Carew, Richard; Florkowski, Wojciech J.

doi:10.1111/j.1744-7976.2003.tb00170.x

Cited by 21 publications

(29 citation statements)

References 29 publications

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“…While attracting considerable academic interest, much of the initial empirical literature on PTM focussed on manufactured goods (e.g. Knetter, , ; Falk and Falk, ) and there has been ‘little research on agro‐food products’ (Carew and Florkowski, ). However, policy‐makers have become increasingly interested in pricing behaviour in agri‐food trade (OECD, ).…”

Section: Introductionmentioning

confidence: 99%

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Pricing‐To‐Market Analysis: The Case of EU Wheat Exports

Dawson¹,

Gorton²,

Hubbard³

et al. 2016

J Agricultural Economics

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The EU is a major player in the global wheat market. This paper examines the pricing behaviour of EU wheat exporters using a pricing‐to‐market (PTM) analysis. Wheat is an exemplary product for testing PTM theories as it is widely and frequently traded, and largely unbranded. We estimate the relationship between export unit values and exchange rates using quarterly panel data for 11 EU export destinations for 2000–2013. Results show that there is a meaningful long‐run relationship between export unit values and exchange rates, but there is little evidence of differential mark‐ups between EU export markets. Belarus and Iceland are exceptions where exporters from the EU appear to exercise local currency price stabilisation.

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Section: Introductionmentioning

confidence: 99%

“…As far as we are aware, this paper represents the first empirical investigation of PTM behaviour for EU wheat exports. Additionally, the paper aims to address some of the criticisms of past studies which employed annual data ( Carew and Florkowski, ; Jin, ). Carew and Florkowski () and Pall et al .…”

Section: Introductionmentioning

confidence: 99%

Pricing‐To‐Market Analysis: The Case of EU Wheat Exports

Dawson¹,

Gorton²,

Hubbard³

et al. 2016

J Agricultural Economics

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“…PTM behavior has also been observed in agricultural food sectors. For example, Carew and Florkowski (2003) found evidence of price discrimination by Canadian and U.S. exporters of agricultural food sectors [5] . Brown (2001) found PTM effects in the pricing of Canadian canola exports [6] .…”

Section: Introductionmentioning

confidence: 99%

Renminbi exchange rate pass-through onto prices of China's agricultural exports to U.S.A. and implications for exchange rate policy

Qin

2012

2012 International Conference on Management Science &Amp; Engineering 19th Annual Conference Proceedings

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This paper investigates the exchange rate pass-through onto prices of China agricultural exports to markets of U.S.A. by use of unit root, cointegration tests and models under the hypothesis of asymmetry. The sample used in the paper covers the period January 1993 to January 2012. Moreover, we analyze the price discriminating behavior and currency invoicing decisions of China's agricultural exporters in the presence of menu costs. Then, the paper also examines the significant reform of Renminbi exchange rate regime in July 2005 through dividing the whole sample period into two subsample periods. The results show that the degree of appreciation the exchange rate transmission to agricultural export prices of China is more incomplete than that of depreciation. As well the menu costs exist in the transmission process from changes of Renminbi to export prices. The outcomes show that the reform in 2005 deeply changed the transmission elasticity in addition.

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“…First, it is usual to find that export prices and exchange rates possess a unit root (see for example Carew and Florkowski, 2003;Choudhri, Faruqee and Hakura, 2005). As such, the empirical model must account for the potential non-stationarity of the data when estimating the model.…”

Section: Introductionmentioning

confidence: 99%

Is Exchange Rate Pass‐Through in Pork Meat Export Prices Constrained by the Supply of Live Hogs?

Gervais

Khraief

2007

American J Agri Economics

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This paper investigates the effects of lags in production and marketing of agricultural products on Exchange Rate Pass-Through (ERPT) in export prices of processed agri-food commodities. The short-run inelastic supply of agricultural goods (such as grains and livestock) is tied to processors' export pricing decisions under certain marketing arrangements. The impacts of pre-determined supplies on the level of ERPT can be measured by regressing export prices on a destination-specific exchange rate but also on processed output and exchange rates in other export markets. The theoretical predictions of the model are tested by investigating ERPT in Canadian pork export prices in the U.S. and Japan. The empirical methodology accounts for potential unit root and cointegration using a dynamic seemingly unrelated regression framework. Pre-determined hog supplies have a statistically significant impact on ERPT. In the case of exports to Japan, the degree of misspecification involved with standard ERPT equations is quite large as they fail to reject the null hypothesis of no ERPT while significant ERPT coefficients are found in the full system approach that accounts for production lags.

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Pricing to Market Behavior by Canadian and U.S. Agri‐food Exporters: Evidence from Wheat, Pulse and Apples

Cited by 21 publications

References 29 publications

Pricing‐To‐Market Analysis: The Case of EU Wheat Exports

Pricing‐To‐Market Analysis: The Case of EU Wheat Exports

Renminbi exchange rate pass-through onto prices of China's agricultural exports to U.S.A. and implications for exchange rate policy

Is Exchange Rate Pass‐Through in Pork Meat Export Prices Constrained by the Supply of Live Hogs?

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