| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
|
| Título: |
Asymmetric Price Transmission and Non-linear Adjustment in the Iranian Mutton Market
|
| Autores: |
Falsafian, Azadeh
Yazdani, Saeed
Moghaddasi, Reza
|
| Data: |
2011-09-01
|
| Ano: |
2011
|
| Palavras-chave: |
Threshold Cointegration
Non-linearity
Mutton
Price
Iran
Livestock Production/Industries
|
| Resumo: |
This paper analyses the asymmetric price transmission and non-linear adjustment at the farm and retail levels in the Iran’s mutton market. We applied a multivariate threshold error correction mechanism for monthly price data. We tested the non-linear adjustment using sup-LR, sup-LM and sup-Wald tests. The results confirm the presence of non-linear cointegration relationship between the retail and farm prices. In short-run, the price transmission behavior reveals that reactions of both the retail and farm prices to positive and negative deviations from the long-run price spread are asymmetric. More specially, the retailers show more strong responses to the both positive and negative shocks imposed to the farmers.
|
| Tipo: |
Conference Paper or Presentation
|
| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/114363
|
| Relação: |
European Association of Agricultural Economists>2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland
|
| Formato: |
8
|
