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Spatial Price Relationships in the Olive Oil Market of the Mediterranean

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  • Fousekis, Panos
  • Klonaris, Stathis

Abstract

The study of spatial price relationships helps to explain market performance and the degree of market integration. This paper provides an empirical analysis of the long- and short-run price linkages in the olive oil market of the Mediterranean using Time Series techniques. The empirical results suggest the existence of a stable long-run relationships among prices in Spain, Italy, and Greece. They also suggest that the major producer and exporter (Spain) is the price leader while Greece and Italy are the followers.

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Bibliographic Info

Article provided by Greek Association of Agricultural Economists in its journal Agricultural Economics Review.

Volume (Year): 03 (2002)
Issue (Month): 2 (August)
Pages:

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Handle: RePEc:ags:aergaa:26461

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Web page: http://www.etagro.gr/
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Related research

Keywords: Demand and Price Analysis;

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Cited by:
  1. Lau, Evan & Puah, Chin-Hong & Oh, Swee-Ling & Lo, Yan-Ching, 2008. "Causality between White Pepper and Black Pepper: Evidence from Six Markets in Sarawak," MPRA Paper 6552, University Library of Munich, Germany.

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