|
|
|
|
|
| Liu, Xing. |
| The integration of the Finnish meat market in the EU has important implications for domestic agricultural policy. Our aim is to estimate the characteristics of the Finnish pork and beef markets in relation to those of Germany and Denmark. Our analysis uses symmetric and asymmetric threshold error correction models. Both pork and beef prices in Finland are found to have slowly cointegrated with German prices, but the cointegration relationship of the two counties is only found to be symmetric for pork prices, while it is asymmetric for beef prices. The producer price for pork in Finland is symmetrically cointegrated with the Danish price, but the Finnish and Danish beef prices show a random walk. This implies that the price transmission to the Finnish pork... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Cointegration; Asymmetric; Error correction; Thresholds; Pork and beef prices; Demand and Price Analysis; Livestock Production/Industries. |
| Ano: 2011 |
URL: http://purl.umn.edu/114380 |
| |
|
| |
|
|
| Liu, Xing. |
| Market integration of Finland toward EU has important implication to domestic agricultural policy. Our aim is to estimate the characteristics of the Finnish pork markets in relation to Germany. Our analysis use symmetric and asymmetric threshold error correction models. Pork prices are found cointegrated, and cointegration relationship of two counties is found asymmetric. A large positive shock in Germany is transmitted faster to Finland than a large negative one. It implies that a combination of cooperative processors and public quoted companies as in Finland, can smooth out some of the short term price fluctuations observed abroad. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Cointegration; Asymmetric; Error correction; Agricultural and Food Policy; Marketing. |
| Ano: 2008 |
URL: http://purl.umn.edu/44248 |
| |
|
|
|
