Impact of the Russian Import Ban on the Serbian Pork Exports and Prices

Đurić, Ivan and Puškarić, Anton (2015) Impact of the Russian Import Ban on the Serbian Pork Exports and Prices. In: International Scientific Conference Sustainable Agriculture and Rural Development in Terms of the Republic of Serbia Strategic Goals Realization within the Danube Region: Regional specificities. Institute of Agricultural Economics, Belgrade, pp. 173-188. ISBN 978-86-6269-046-3

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Abstract

In this paper we analyze the impact of the Russian import ban for pork originating in the EU on the Serbian domestic pork prices. We use an Autoregressive Distributed Lag Model (ARDL) in order to investigate if the Russian import ban affected the short-run and long-run price transmission from the selected reference markets (i.e. EU and Russia) to the Serbian domestic pork prices. The price transmission analyses indicate significant decrease in the long run price transmission between the EU and Serbian domestic pork markets. The opposite is true for Russian-Serbian price relations. The short-run price dynamics indicate significant increase in Serbian price adjustments after the Russian import ban towards price changes in both EU and Russian markets.

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