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Vertical price transmission in the Turkish poultry market: the avian influenza crisis

Autor
Serra, T.; Gil, J.M.; Camoglu, S.
Tipus d'activitat
Article en revista
Revista
Applied economics
Data de publicació
2015-01-01
Volum
47
Número
11
Pàgina inicial
1106
Pàgina final
1117
DOI
https://doi.org/10.1080/00036846.2014.990623 Obrir en finestra nova
URL
http://www.tandfonline.com/doi/abs/10.1080/00036846.2014.990623#.VQ-_hfzD6PU Obrir en finestra nova
Resum
This article assesses the impact of the Avian Influenza (AI) outbreak in the Turkish poultry market by focusing on price transmission at producer and retail levels. The relationship and patterns of transmission between producer and retail prices are analysed by estimating a Regime-Switching Vector Error Correction Model with three regimes. An AI information index variable is developed and used to determine regime-switching. Results suggest that consumer prices adjust to disequilibrium caused by ...
Paraules clau
ASYMMETRIC ADJUSTMENT, BSE, COINTEGRATION, FOOD SCARES, INTEGRATION, SECTOR, TIME-SERIES, UNIT-ROOT, avian influenza, poultry market, price transmission, regime-switching model
Grup de recerca
CREDA - Centre de Recerca en Economia i Desenvolupament Agroalimentari

Participants

  • Serra Devesa, Maria Teresa  (autor)
  • Gil Roig, Jose Maria  (autor)
  • Camoglu, Seval Mutlu  (autor)