The Vertical Price Transmission in Pork Meat Production in the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F23%3AN0000035" target="_blank" >RIV/04130081:_____/23:N0000035 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/60460709:41110/23:95464

Výsledek na webu

<a href="https://www.mdpi.com/2077-0472/13/6/1274" target="_blank" >https://www.mdpi.com/2077-0472/13/6/1274</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3390/agriculture13061274" target="_blank" >10.3390/agriculture13061274</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The Vertical Price Transmission in Pork Meat Production in the Czech Republic

Popis výsledku v původním jazyce

The paper aims at vertical price transmission of the agri-food market in the Czech Republic. It is focused on the analysis of price transmission in pork meat by investigating the short-run and long-run relationships within the product and the speed of establishing the equilibrium relationship. For this purpose, there is employed specially VECM (Vector Error Correction Model), impulse-response analysis, and decomposition of variance of VECM, which show the system’s reaction. The applied approach considers five alternatives in the Johansen approach. The results suggest that there is an existence of the equilibrium relationship in vertical markets and this relationship is simultaneous and demand-driven. The impulse-response analyses show the response of the processing price to one standard deviation shock to the agriculture price from approximately 15–20 periods reaching long-run equilibrium. The response of the agriculture price to one standard deviation shock to the processing price reaching long-run equilibrium is also from approximately 15–20 periods.

Název v anglickém jazyce

The Vertical Price Transmission in Pork Meat Production in the Czech Republic

Popis výsledku anglicky

The paper aims at vertical price transmission of the agri-food market in the Czech Republic. It is focused on the analysis of price transmission in pork meat by investigating the short-run and long-run relationships within the product and the speed of establishing the equilibrium relationship. For this purpose, there is employed specially VECM (Vector Error Correction Model), impulse-response analysis, and decomposition of variance of VECM, which show the system’s reaction. The applied approach considers five alternatives in the Johansen approach. The results suggest that there is an existence of the equilibrium relationship in vertical markets and this relationship is simultaneous and demand-driven. The impulse-response analyses show the response of the processing price to one standard deviation shock to the agriculture price from approximately 15–20 periods reaching long-run equilibrium. The response of the agriculture price to one standard deviation shock to the processing price reaching long-run equilibrium is also from approximately 15–20 periods.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

AGRICULTURE-BASEL

ISSN

2077-0472

e-ISSN

2077-0472

Svazek periodika

13(6)

Číslo periodika v rámci svazku

1274

Stát vydavatele periodika

CH - Švýcarská konfederace

Počet stran výsledku

14

Strana od-do

1-14

Kód UT WoS článku

001013832600001

EID výsledku v databázi Scopus

2-s2.0-85163869702