Time-Varying Integration of Ukrainian Sunflower Oil Market with the EU Market

Ukraine (UA) is one of the world-leading countries in sunflower oil production and exports. Due to increasing demand caused by biofuel regulations, European Union (EU) remains key importer Ukrainian oil. Therefore, aim proposed research provide an evaluation time-varying integration UA market with EU market. To fulfill this goal, first, trends exports as well trade regulations are presented. The was assessed using ARDL-ECM approach that applied weekly prices period from 2000 2020. analytical study supplemented Toda-Yamamoto (T-Y) Granger causality test, Bai-Perron multiple structural breakpoint test (B-P) impulse response functions (IRF). This obtained results for whole sample confirm presence a long-run relationship between prices. cause prices, it shown T-Y test. indicates existence breaks can be justified condition policy modifications. Both long- short-run changes vary significantly different sub-periods.