| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
BSE Disease Outbreaks, Structural Change and Market Power in the Canadian Beef Industry
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| Autores: |
Clark, J. Stephen
Cechura, Lukas
Berhanu, Adugna
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| Data: |
2011-08-30
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| Ano: |
2011
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| Palavras-chave: |
BSE
Market power
Canada
Beef industry
Agribusiness
Industrial Organization
International Relations/Trade
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| Resumo: |
This study examines farm to wholesale prices spreads to measure the impact of the Bovine Spongiform Encephalopathy (BSE) disease outbreak on the Canadian beef industry. The study uses structure break tests developed by Gregory and Hansen (1996) and Hansen (1992) examine possible breaks within cointegrating relationships. The study finds evidence that the industry began a realignment as a result of the UK BSE disease outbreak, and the Canadian BSE disease outbreak was simply the largest realignment of the process beginning with the UK disease outbreak. However, the only statistically significant break was the BSE disease outbreak itself in May 2003. Stability was not restored until the border was reopened in 2005. Specific results indicated that the processing sector exploited the border closure in May 2003 to enhance its market power and that the system returned to a competitive one after the border re-opened in July 2005.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/114097
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| Relação: |
Structure and Performance of Agriculture and Agri-products industry Network (SPAA)>Working Papers
SPAA working papers
2011-7
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| Formato: |
16
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