Asymmetric price transmission analysis in the Czech pork market

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Asymmetric price transmission analysis in the Czech pork market

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Asymmetric price transmission analysis in the Czech pork market

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název periodika

Journal of Central European Agriculture

ISSN

1332-9049

e-ISSN

—

Svazek periodika

20

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

HR - Chorvatská republika

Počet stran výsledku

9

Strana od-do

986-994

Kód UT WoS článku

000485091900023

EID výsledku v databázi Scopus

2-s2.0-85073424899