An econometric analysis of market power in Azerbaijani wheat market: Evidence from Kazakhstan and Russia

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dc.creatorGafarova, Gulmira
dc.creatorPerekhozhuk, Oleksandr
dc.creatorGlauben, Thomas
dc.date2017-04-01T17:34:03Z
dc.date.accessioned2026-07-09T09:49:21Z
dc.descriptionAzerbaijan is a net-importer of wheat with average self-sufficiency ratio of 55%. In order to meet the domestic needs completely, Azerbaijan imports wheat mainly from Kazakhstan and Russia. The objective of this study is to investigate the extent of market power exercised by the Kazakh and Russian exporters in Azerbaijani wheat import market. Toward this aim, we apply the Residual Demand Elasticity approach, and fit the model with monthly time-series data covering the period from January 2004 to December 2013. Total export quantity of an exporting country and population of an importing country are selected as excluded variables in this analysis. The empirical results demonstrate that the Russian exporters exercise market power in Azerbaijani wheat market, but the Kazakh exporters face perfect competition. Moreover, we argue that the Ukrainian exporters are able to constraint both Kazakh and Russian exporters’ market powers in Azerbaijani wheat market.
dc.identifierdoi:10.22004/ag.econ.211642
dc.identifierhttps://ageconsearch.umn.edu/record/211642/files/Gafarova-An%20econometric%20analysis%20of%20market%20power%20in%20Azerbaijani%20wheat%20market-756.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/211642
dc.identifier.urihttp://hdl.handle.net/123456789/612642
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/211642
dc.titleAn econometric analysis of market power in Azerbaijani wheat market: Evidence from Kazakhstan and Russia
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