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Modeling Pork Supply Response and Price Volatility: The Case of Greece AgEcon
Rezitis, Anthony N.; Stavropoulos, Konstantinos S..
This paper examines the supply response of the Greek pork market. A GARCH process is used to estimate expected price and price volatility, while price and supply equations are estimated jointly. In addition to the standard GARCH model, several different symmetric, asymmetric, and nonlinear GARCH models are estimated. The empirical results indicate that among the estimated GARCH models, the quadratic NAGARCH model seems to better describe producers’ price volatility, which was found to be an important risk factor of the supply response function of the Greek pork market. Furthermore, the empirical findings show that feed price is an important cost factor of the supply response function and that high uncertainty restricts the expansion of the Greek pork...
Tipo: Journal Article Palavras-chave: Asymmetry; GARCH; Pork supply; Price volatility; Agribusiness; Demand and Price Analysis; International Development; Risk and Uncertainty; C510; D200; Q110.
Ano: 2009 URL: http://purl.umn.edu/48764
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Traceability -- A Literature Review AgEcon
Trautman, Dawn; Goddard, Ellen W.; Nilsson, Tomas K.H..
In light of recent food safety crises and international trade concerns associated with food or animal associated diseases, traceability has once again become important in the minds of public policymakers, business decision makers, consumers and special interest groups. This study reviews studies on traceability, government regulation and consumer behaviour, provide case studies of current traceability systems and a rough breakdown of various costs and benefits of traceability. This report aims to identify gaps that may currently exist in the literature on traceability in the domestic beef supply chain, as well as provide possible directions for future research into said issue. Three main conclusions can be drawn from this study. First, there is a lack of a...
Tipo: Report Palavras-chave: Traceability; Institutions; Canada; Consumer behaviour; Producer behaviour; Supply chain; Agricultural and Food Policy; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Health Economics and Policy; International Relations/Trade; Livestock Production/Industries; Marketing; Production Economics; D020; D100; D200; Q100.
Ano: 2008 URL: http://purl.umn.edu/52090
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