Cointegration analysis of wine export prices for France, Greece and Turkey

Mediterranean countries have noticeable affect on the world wine exportation. Among these countries France, Greece and Turkey are selected for this study because of different wine market, trade systems and wine policies they have. In this study, cointegration analysis was conducted for real wine export prices and real exchange rates for France, Greece and Turkey. The long term relationships between real exchange rates and real wine export values were explored by using cointegration analysis. Annual data from 1970 to 2003 was used for this analysis and the data sets were found to be integrated of the same order. It was also found that they move together in the long run by Johansen Cointegration Test. Then, Error Correction Model (ECM) was applied to search any short term relations and impacts of exchange rate variations on wine exports. French and Greek monetary policies affect their wine export volume by the years. Therefore, any depreciation of local currency in dollar terms will lead to increase of exports vice versa. On the other hand, Turkish wine real export value and real exchange rate were found not cointegrated. Since, there was not any cointegrated vector, any exchange rate volatility do not influence Turkish real export wine value. Subsequently, the reasons of wine market failures in these countries and pursued policies were discussed.Cointegration Analysis, Error Correction Model (ECM), Wine Export Prices, Real Exchange Rates, Wine Market, Demand and Price Analysis,

IMPACT ASSESSMENT ON MILK INCENTIVE POLICIES IN TURKEY: ANTALYA PROVINCE CASE

Agricultural policy instruments are implementing in different ways among all agricultural based activities. These instruments have been performed for livestock including dairy cattle and milk for many years in Turkey. Until the year 1950, agricultural support system was organized according to genetically improvement, animal illnesses and veterinary services. Nowadays, agricultural support composition has changed. Milk incentive premium is one of the supports given to producers to achieve high quality level for milk. The idea behind this premium was to provide well organized milk distribution channel from producers to modern enterprises. In this study, producers who receive milk incentive premium were chosen for face to face survey in Antalya province. It was examined from the study if premium system is accomplished through the idea. The secondary outcomes of the research were to determine the influence of the premium on producers attitudes, income level, product quantity, as well as membership tendency for cooperatives or unions.milk incentive premium, milk marketing, producer surplus, Antalya, Agricultural and Food Policy, Livestock Production/Industries,

IMPACT ASSESSMENT ON MILK INCENTIVE POLICIES IN TURKEY: ANTALYA PROVINCE CASE

Agricultural policy instruments are implementing in different ways among all agricultural based activities. These instruments have been performed for livestock including dairy cattle and milk for many years in Turkey. Until the year 1950, agricultural support system was organized according to genetically improvement, animal illnesses and veterinary services. Nowadays, agricultural support composition has changed. Milk incentive premium is one of the supports given to producers to achieve high quality level for milk. The idea behind this premium was to provide well organized milk distribution channel from producers to modern enterprises. In this study, producers who receive milk incentive premium were chosen for face to face survey in Antalya province. It was examined from the study if premium system is accomplished through the idea. The secondary outcomes of the research were to determine the influence of the premium on producer's attitudes, income level, product quantity, as well as membership tendency for cooperatives or unions

Cointegration analysis of wine export prices for France, Greece and Turkey

Mediterranean countries have noticeable affect on the world wine exportation. Among these countries France, Greece and Turkey are selected for this study because of different wine market, trade systems and wine policies they have. In this study, cointegration analysis was conducted for real wine export prices and real exchange rates for France, Greece and Turkey. The long term relationships between real exchange rates and real wine export values were explored by using cointegration analysis. Annual data from 1970 to 2003 was used for this analysis and the data sets were found to be integrated of the same order. It was also found that they move together in the long run by Johansen Cointegration Test. Then, Error Correction Model (ECM) was applied to search any short term relations and impacts of exchange rate variations on wine exports. French and Greek monetary policies affect their wine export volume by the years. Therefore, any depreciation of local currency in dollar terms will lead to increase of exports vice versa. On the other hand, Turkish wine real export value and real exchange rate were found not cointegrated. Since, there was not any cointegrated vector, any exchange rate volatility do not influence Turkish real export wine value. Subsequently, the reasons of wine market failures in these countries and pursued policies were discussed