Long-Run Relationship of U.S. and Argentine Maize Prices

This paper examines the relationship between the maize export prices of the United States and Argentina. The results suggest an asymmetric nature of price adjustment. This could be due to the fact that the maize market is characterized by significant concentration. The larger market share of exports by the United States reflects the influences on export price dynamics. The structure of maize trade is such that U.S. markets are largely insulated from influences flowing from Argentina, while Argentine maize prices are not insulated from U.S. influences.


Issue Date:
2006
Publication Type:
Journal Article
DOI and Other Identifiers:
0738-8950 (Other)
PURL Identifier:
http://purl.umn.edu/57701
Published in:
Journal of Agribusiness, Volume 24, Number 1
Page range:
79-92
Total Pages:
14




 Record created 2017-04-01, last modified 2017-08-25

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