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Impact of policy measures on wheat-to-bread supply chain during the global commodity price peaks – The case of Serbia

Thematic complex:
Diffusion of innovations and knowledge
Project duration:
02.02.2009 - 27.01.2014
Investigated countries:
Serbia

The aim of this study is to analyze the impact of governmental market interventions in Serbia, among them a wheat export ban, on the country’s integration into the international wheat market and the domestic wheat-to-bread supply chain during the global commodity price peaks in 2007/08 and 2010/11. By applying two regime-dependent price transmission models (i.e. Markov-switching models), we help to clarify the impact of the governmental market interventions on two different price transmission contexts: the horizontal one, where we analyze the price transmission and market integration between the Serbian and the world wheat markets; and the vertical one, where we analyze the price transmission mechanisms within the Serbian wheat-to-bread supply chain. Furthermore, we conducted simulations of flour and bread production costs and the bakers’ and retailers’ profits in order to identify who benefited from and who lost due to the extensive governmental interventions.

Project partners


Contact


		Prof. Dr. Dr. h.c. mult. Thomas Glauben

Prof. Dr. Dr. h.c. mult. Thomas Glauben

Director of IAMO,
Head of Department Agricultural Markets
Room: 234

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Project Staff

PD Dr. habil. Linde Götz (Supervisor)
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Prof. Dr. Dr. h.c. mult. Thomas Glauben (Supervisor)
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Dr. Ivan Duric
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