Consulta: subjectFacets:"Threshold cointegration"
Registros recuperados: 6
Data/hora: 16/06/2024 19:57:39

How effective is the EU Entry Price System for Fresh Fruits and Vegetables?
Provedor de dados: 31
Autores: Goetz,   Linde; Grethe,   Harald.
The EU protects EU growers of 15 kinds of fresh fruits and vegetables against international competition not only by the means of ad valorem tariffs of up to 20%, but also by the EU entry-price system (EPS), which is designed to restrict imports below the product-specific, politically designated entry price level. This study investigates the influence of the EPS on import prices of fruits and vegetables per product and country of origin. We utilise a unique data set comprising about 60,000 observations of daily synthetic import prices. We develop two indicators for the effectiveness of the EPS, which serve as variables in a cluster analysis identifying four classes differing in the relevance of the EPS. Results suggest that the relevance of the EPS is...
Tipo: Conference Paper or Presentation
Palavras-chave: Threshold cointegration; Spatial price transmission; Vector error correction model; Agricultural and Food Policy; Demand and Price Analysis.
Ano: 2008
URL: http://purl.umn.edu/44063

INTERREGIONAL INTEGRATION OF WHEAT MARKETS IN KAZAKHSTAN
Provedor de dados: 31
Autores: Brosig,   Stephan; Yakhshilikov,   Yorbol.
Reliable marketing opportunities in both interregional and international trade along with relatively low transportation [and transaction] costs are essential to profitability of wheat production. In this study we have investigated one aspect of the quality of marketing and trade opportunities in the Kazakh wheat sector, that is the extent and nature of integration among regional wheat markets. We applied threshold cointegration technique to assess the co-movement between time series of elevator prices at three grain-trading (and producing) spots in the northern and central parts of the country.  Results suggest that markets of two northern grain trading spots (Petropavlovsk and Kokshetau) are closely connected with each other while their connection with...
Tipo: Working or Discussion Paper
Palavras-chave: Kazakhstan; Price transmission; Market integration; Threshold cointegration; Crop Production/Industries; Marketing; C22; Q13.
Ano: 2005
URL: http://purl.umn.edu/14921

SPATIAL INTEGRATION ON THE HUNGARIAN MILK MARKET
Provedor de dados: 31
Autores: Bakucs,   Lajos Zoltan; Ferto,   Imre.
The geographical separation of markets is of a special importance in agriculture, as often, agricultural products are bulky and/or perishable, and the place of consumption may be different from that of production, implying possibly expensive transport costs (SEXTON ET AL., 1991). The imperfectly integrated markets may send wrong price information signals to producers and other actors of the marketing chain, resulting incorrect production and marketing decisions. The aim of the article is to map the horizontal integration on the milk market in the Hungarian milk market using up-to-date Vector Error Correction (VECM) and Threshold Error Correction (TEVCM) methods.
Tipo: Conference Paper or Presentation
Palavras-chave: Horizontal integration; Transition economy; Threshold cointegration; Livestock Production/Industries; Marketing.
Ano: 2007
URL: http://purl.umn.edu/7832

Milk Market Integration between Hungary and Poland
Provedor de dados: 31
Autores: Bakucs,   Lajos Zoltan; Falkowski,   Jan; Ferto,   Imre.
In this paper we test the retail milk price integration between two countries, Poland and Hungary. Conventional linear cointegration methods do not reveal any relationship between the two prices, therefore we apply Gonzalo and Pitakaris (2006) method to test the linear cointegration null against the threshold cointegration with an exogenous threshold variable alternative hypothesis. Our results show, that the Hungarian Forint – Polish Zloty exchange rate is econometrically an appropriate threshold variable, the linearity null is rejected, and the two alternative regimes may be characterised with different long-run equilibrium relationships. Corresponding trade data however questions the economic appropriateness of the selected threshold variable. Further...
Tipo: Conference Paper or Presentation
Palavras-chave: Horizontal integration; Milk market; Threshold cointegration; Food Security and Poverty.
Ano: 2010
URL: http://purl.umn.edu/91809

Asimetrías en la transmisión de precios en el sector del tomate en España
Provedor de dados: 31
Autores: Ben Kaabia,   Monia; Gil Roig,   Jose Maria.
RESUMEN: El objetivo de este trabajo consiste en analizar el proceso de transmisión de precios a lo largo de la cadena comercial en el sector del tomate en España. Para ello se han considerado el precio percibido por el productor y el pagado por el consumidor. El enfoque metodológico adoptado se basa en la estimación de un Vector de Corrección del Error con umbrales. Los resultados indican que, a largo plazo, los dos precios son homogéneos. Sin embargo, en el corto plazo las reacciones de precios, tanto en velocidad como en magnitud, son asimétricas. Es más, los resultados indican que los detallistas se benefician (en el sentido de que son capaces de aumentar el margen comercial) de cualquier shock, ya sea positivo o negativo, que afecte tanto a las...
Tipo: Journal Article
Palavras-chave: Asimetrías; Cointegración por umbrales; Precios; Tomate; Threshold cointegration; Prices; Tomato; Asymmetries; Demand and Price Analysis; Research Methods/ Statistical Methods; C32; Q13.
Ano: 2008
URL: http://purl.umn.edu/37189

Considering threshold effects in the long-run equilibrium in a vector error correction model: An application to the German apple market
Provedor de dados: 31
Autores: Goetz,   Linde; von Cramon-Taubadel,   Stephan.
We propose a three-step procedure to estimate a regime-dependent vector error correction model (VECM). In this model, not only the short-run adjustment process towards equilibrium is non-linear, as in threshold VECM and Markov switching VECM frameworks, but the long-run equilibrium relationship itself can also display threshold-type non-linearity. The proposed approach is unique in explicitly testing the null hypothesis of linear cointegration against the alternative of threshold cointegration based on the Gonzalo AND PITARAKIS (2006) test. The model is applied to apple price data on wholesale markets in Hamburg and Munich, using the share of domestic apples in total wholesale trade as the threshold variable. We identify four price transmission regimes...
Tipo: Conference Paper or Presentation
Palavras-chave: Threshold cointegration; Spatial price transmission; Vector error correction model; Marketing.
Ano: 2008
URL: http://purl.umn.edu/44247