Analysis Of Price Transmission Along The Agri-Food Chains In Romania
AbstractThe paper investigates price transmission along the agri-food chains, using the monthly series of agricultural, processor and consumer price indices in the period January 2006 – August 2010 for this purpose. The analysis is made at sectoral level and it is particularized for a few important chains, such as the wheat and bakery products chain and the chain of meat and meat products. The main characteristic of price transmission by chains, as revealed by the data series analysis, is the apparent stability of consumer and processor prices and the strong volatility of agricultural prices. Hence, the agricultural prices and the consumer prices follow different evolutions: consumer prices have a much lower volatility and generally a constant growth trend, while the agricultural prices have strong fluctuations, both on the medium term and on seasonal term. This remark is true both for the crop products and for the animal products. The consumer prices and the processor prices attenuate and level off the excessive variations of agricultural prices. Another conclusion of the paper is that the transmission of agricultural price variation in the period of agricultural crisis, which in Romania was manifested in the period March 2007 – May 2008, had an asymmetric character, i.e. the increase of agricultural prices was almost simultaneously accompanied by the increase of processor and consumer prices (attenuated transmission amplitude). On the contrary, in the period of agricultural price decrease, which followed after the month of May 2008, the processor and consumer prices continued to increase slowly, or stagnated in the best case, while the prices of crop products (mainly cereals) experienced significant decrease.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Institute of Agricultural Economics in its journal Agricultural Economics and Rural Development.
Volume (Year): 8 (2011)
Issue (Month): 2 ()
Contact details of provider:
Postal: Casa Academiei, Calea 13 Septembrie nr.13, sector 5, Bucureşti 761172
Phone: 004 021 3182411
Fax: 004 021 3182411
Web page: http://www.eadr.ro/
More information through EDIRC
price volatility; agri-food chains.;
Find related papers by JEL classification:
- Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Corina Saman).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.