| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
PRICE TRANSMISSION, THRESHOLD BEHAVIOR, AND ASYMMETRIC ADJUSTMENT IN THE U.S. PORK SECTOR
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| Autores: |
Goodwin, Barry K.
Harper, Daniel C.
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| Data: |
2003-01-23
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| Ano: |
2000
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| Palavras-chave: |
Asymmetric price transmission
Vertical price transmission
Error correction
Thresholds
Pork markets
Demand and Price Analysis
Livestock Production/Industries
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| Resumo: |
The US pork sector has experienced many significant structural changes in recent years. Such changes may have influenced price dynamics and transmission of shocks through marketing channels. We investigate linkages among farm, wholesale, and retail markets using weekly price data for the period covering 1987 through 1998. Our analysis uses a threshold cointegration model that permits asymmetric adjustment to positive and negative price shocks. Our results reveal important asymmetries. Our results are consistent with existing literature which has determined that price adjustment patterns are unidirectional and that information tends to flow from farm, to wholesale, to retail markets.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
6835
http://purl.umn.edu/15308
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| Editor: |
AgEcon Search
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| Relação: |
Journal of Agricultural and Applied Economics>Volume 32, Number 03, December 2000
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| Formato: |
11
application/pdf
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