Wheat market integration between Hungary and Germany

Date Issued
2012
Author(s)
Bakucs, Lajos Zoltán
Fertő, Imre
DOI
10.1080/13504851.2011.603688
Abstract
The aim of this article is to analyse the price transmission between German and Hungarian wheat producer prices using weekly prices. Markov-Switching Vector Error Correction Model (MS-VECM) with three regimes seems to appropriately capture the dynamics in the price relationship.