Features of the dynamics of prices for agricultural products of the northern countries

Annotation

Price dynamics for agricultural products of the northern countries is determined by many factors. The methods of economic and mathematical analysis of the dynamics of prices for agricultural products of the northern countries have allowed to identify trends, seasonal and cyclical processes. The dynamics of prices from 1991 to the present time there are two long opposite trends. Cyclic processes have a duration of 2–4 years. Seasonality in change of prices is sustainable due to natural biological processes under the influence of climatic factors. Correlation analysis of price series for agricultural products of the northern countries has showed connection of high strength, confirming the presence of trends and periodic components under the influence of the common factors. Short-term price dynamics approximation shows the retention of the increasing price trend.

About authors

Olga P. Sushko: Cand. Sci. (Econ.), Associate Professor of the Department of Economics. Northern (Arctic) Federal University named after M.V. Lomonosov, Arkhangelsk, Russia.

Keywords

food security, economic and mathematical analysis of the dynamics of prices of agricultural products, the opposite trends, seasonal and cyclical processes, the correlation of time series of prices, approximation

DOI

10.17238/issn2221-2698.2017.26.38

UDC

338.12.017