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| 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 |
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| Flury, Christian; Mack, Gabriele; Rieder, Peter; Pfefferli, S.. |
| Switzerland aims to liberalise the milk market by 2011. This will result in distinctive changes in the basic conditions for agriculture. The impacts of the liberalisation are investigated with a composite model obtained by combining an optimization model for the agricultural sector and a dynamic simulation model for the milk and meat market. The calculations with the composite model indicate that the milk price depends strongly on the phasing out of market support, while the abolition of milk quotas in 2009 is less decisive. An introduction of a dairy cow premium leads to a higher milk production, especially with abolished milk quotas. In this case the European milk price level represents the lower limit for the milk price in Switzerland. Compared to the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Dynamic simulation; Sectoral optimisation; Milk market; Milk quota; Agribusiness; C53; C61; O21; Q13; Q18. |
| Ano: 2005 |
URL: http://purl.umn.edu/24507 |
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| Siqueira,Kennya Beatriz; Kilmer,Richard Lee; Campos,Antônio Carvalho. |
| Dairy is a highly relevant segment of the Brazilian agribusiness economy. However, this segment has changed significantly after deregulation Thus, it is worthwhile to know what the changes are in the spatial integration of the market and in milk price formation at the farm level after deregulation. The methodology is a modification of Gonzalez-Rivera & Helfand (2001), which is compounded in extension of the market, pattern of integration, and degree of integration. The extension of the market is determined through the measure of self-sufficiency index, unit root test, and Johansen test. The last one is focused on the searching for a common trend between the time series. The pattern of interdependence is studied using the Directed Acyclic Graph... |
| Tipo: Info:eu-repo/semantics/article |
Palavras-chave: Market integration; Milk market; Price formation. |
| Ano: 2010 |
URL: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0103-20032010000100003 |
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