Price transmission in the Spanish bovine sector: the BSE effect

被引：37
作者：
Hassouneh, Islam [1 ]
Serra, Teresa [1 ]
Gil, Jose M. [1 ]
机构：
[1] UPC IRTA, CREDA, Barcelona 08860, Spain
来源：
AGRICULTURAL ECONOMICS | 2010年 / 41卷 / 01期
关键词：
C22; C32; Food scare; BSE crisis; Price transmission; Regime-switching; ERROR-CORRECTION; ASYMMETRIC ADJUSTMENT; FOOD SCARES; TIME-SERIES; IMPACT; BEEF; INFORMATION; INTEGRATION; REPRESENTATION; COINTEGRATION;
D O I：
10.1111/j.1574-0862.2009.00423.x
中图分类号：
F3 [农业经济];
学科分类号：
0202 ; 020205 ; 1203 ;
摘要：
A regime-switching vector error correction model is applied to monthly price data to assess the impact of Bovine Spongiform Encephalopathy (BSE) outbreaks on price relationships and patterns of transmission among farm and retail markets for bovines in Spain. To evaluate the degree to which price transmission is affected by BSE food scares, a BSE food scare index is developed and used to determine regime switching. Results suggest that BSE scares affect beef producers and retailers differently. Consumer prices are found to be weakly exogenous and not found to react to BSE scares, while producer prices are conversely adjusted. The magnitude of the adjustment is found to depend on the magnitude of the BSE scare.
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收藏
页码：33 / 42
页数：10
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