In spit of the annually growth of maize domestic production by 12.6 percent during the last three decades, maize import has been increased due to an increasing demand. This situation shows the high importance of recognizing the maize world market. Considering the issue, this study aims at investigation of maize world market structure and the price transmission pattern between world and domestic market. Structure of maize world market was investigated using concentration indices for period of 1990-2005. In most of the period, the USA accounted for more than 50 percent of world market. Although over the period concentration in world market has been decreased slightly, maize world market was found closed monopolistic. Causality test showed a one-way causality from world market toward domestic market. Findings of price transmission also revealed a symmetric price transmission in long run while it was found asymmetric in short run in such a manner that price increase transmission from world market is larger than price decrease. Transmission of maize world price to domestic market may result in increased production costs in bird breeding industry as well as increment of household expenditures.
Taheri, R., Moghadasi, R., & Mousavi, S. N. (2010). Market Structure and Price Transmission in Maize World Market. Agricultural Economics, 4(3), 185-209.
MLA
Rarzaneh Taheri; Reza Moghadasi; Seyed Nematollah Mousavi. "Market Structure and Price Transmission in Maize World Market". Agricultural Economics, 4, 3, 2010, 185-209.
HARVARD
Taheri, R., Moghadasi, R., Mousavi, S. N. (2010). 'Market Structure and Price Transmission in Maize World Market', Agricultural Economics, 4(3), pp. 185-209.
VANCOUVER
Taheri, R., Moghadasi, R., Mousavi, S. N. Market Structure and Price Transmission in Maize World Market. Agricultural Economics, 2010; 4(3): 185-209.
)