DOI: 10.46340/eujem.2023.9.5.1
Mykola Polovyi, PhD in History, D.Sc. in Political Science
Institute of European Studies and International Relations, Faculty of Social and Economic SciencesComenius University, Bratislava, Slovak Republic
How to cite: Polovyi, M. (2023). Osoblyvosti funktsionuvannia rehionalnykh khlibnykh rynkiv pid chas modernizatsiinoho perekhodu [Peculiarities of the Functioning of Regional Grain Markets During the Modernization Transit]. European Journal of Economics and Management, 9, 5, 5-13. https://doi.org/10.46340/eujem.2023.9.5.1
Abstract
The goal of the paper is to present the findings derived from an in-depth analysis of the operational dynamics and territorial structure of regional grain markets within the Russian Empire during the latter half of the 18th to the early 20th centuries. This analysis is primarily based on the examination of bread prices, with a focus on rye, the predominant grain in the country during that period. Employing correlation and variance analysis methodologies, this study places particular emphasis on the outcomes of variance analysis.
In addressing the research question, regional price series are treated as a comprehensive dataset representing the development of markets. These series serve as indicators for rye prices spanning the entire expanse o the Russian Empire for specific time frames. The dataset is characterized by its mean value and variance, reflecting fluctuations in prices. The assessment of differences between group means necessitates the measurement of intergroup and intragroup variations. A significant difference, statistically speaking, between intergroup (factor) variation and intragroup (residual) variation indicates that the factor in question significantly influenced the resulting attribute, leading to substantial changes in group means.
In this context, the factor used to categorize the price dataset into regional subsets can be initially regarded as an indicator of local price determination factors. This division into regional subsets aims to investigate whether local price determination factors played a significant role in influencing prices in each region, as evidenced by intergroup variation. Alternatively, the study explores whether broader factors, in addition to local influences, had a more pronounced impact, as indicated by intragroup dispersion.
Keywords: regional grain markets, modernization, correlation analysis, variance analysis, historical economic analysis.
JEL: C60, Р20.
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