Asymmetric Price Transmission Between Polish and German Feed wheat Markets
Abstract
The aim of the paper was an assessment of possible asymmetry in price transmission between Polish and German feed wheat prices. TAR and M-TAR procedures were employed for testing price symmetry, as well as ECM framework. The results obtained indicate the existence of the long-run relationship between Polish and German wheat prices, as well as asymmetric adjustment of prices to the long-run equilibrium relationship.
Keywords
Prices; Corn; Agricultural prices; ECM model (Error-Correction Model)
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Szkoła Główna Gospodarstwa Wiejskiego w Warszawie Poland
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