Asymmetric price transmission analysis in the Czech pork market

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00027251%3A_____%2F19%3AN0000009" target="_blank" >RIV/00027251:_____/19:N0000009 - isvavai.cz</a>

Result on the web

<a href="https://jcea.agr.hr/en/issues/article/2278" target="_blank" >https://jcea.agr.hr/en/issues/article/2278</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5513/JCEA01/20.3.2278" target="_blank" >10.5513/JCEA01/20.3.2278</a>

Result language

angličtina

Original language name

Asymmetric price transmission analysis in the Czech pork market

Original language description

The paper examines the characteristics of farm, processor and consumers (retail) price relationship within the Czech pork market. Last years the farm prices of pork meat are volatile comparing to processors and consumers prices. In these conditions the analysis of the character of price transmission becomes an actual issue. The paper employs the pre-cointegration, cointegration approach and the coefficients of price transmission elasticity for testing asymmetry in the transmission of farm pork price changes to changes in the processor and retail price. In this analysis monthly farm, processor and retail prices of pork and pork products encompassing the January 2006 to September 2017 were used. Empirical results of applicated approaches suggest that in the short-run, the processor’s and consumer’s price responds differently to the increase and decrease of farm price and processor’s price, accordingly. Moreover, the evidence of different speed of price long-run adjustment was proved. The results proved the existence of price transmission asymmetry, and besides, this fact is pronounced more significant in the second stage of agri-food chain, i.e. in the processor-retailer relationship.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2019

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Central European Agriculture

ISSN

1332-9049

e-ISSN

—

Volume of the periodical

20

Issue of the periodical within the volume

3

Country of publishing house

HR - CROATIA

Number of pages

9

Pages from-to

986-994

UT code for WoS article

000485091900023

EID of the result in the Scopus database

2-s2.0-85073424899