Instructions for replications of the results in the paper “Cost pass-through in commodity markets with capacity constraints and international linkages” by Reinhard Ellwanger, Hinnerk Gnutzmann and Piotr Śpiewanowski (Journal of Applied Econometrics, 2024). Dataset and Variable Description Tables and Figures in the paper are based on several datasets, described below. Note that the ammonia price series are proprietary to Green Markets / Bloomberg and are not part of the replication package. To replicate results involving the ammonia price series, the series must be obtained directly from the provider to replace missing columns in the Excel files.

Code Description All figures and tables except Table 3 (IV estimations) are produced in R. The main file is “Replication_file_part1.Rmd”. It relies on the auxiliary file “helper.R”. The simulations in the online appendix are produced by the file “Replication_file_IV_simulations.Rmd”. The results presented in Table 3 are produced in STATA. The data and code in Table 3 is contained in the folder “Table 3”. The variables are described in the STATA do-file.