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Mean spillover effects in agricultural prices: The case of Greece

Author

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  • Nicholas Apergis

    (University of Macedonia, Department of European and International, Economic and Political Studies, Thessaloniki 54006, Greece., E-mail: napergis@uom.gr)

  • Anthony Rezitis

    (University of Ioannia, Scholl of Natural Resources and Enterprise Management, Department of Farm Organization and Management, 2, G. Seferi Str., Agrinio 301 00, Greece. E-mail: arezitis@cc.uoi.gr)

Abstract

This article investigates the behavior of agricultural input prices, agricultural output prices, and retail food prices using the cointegration|error-correction methodology. The findings support “cost push” and “demand pull” theories, because disequilibrium at the input level is transmitted to the retail level, and vice versa, through the output level. The estimated error-correction coefficients and price responses indicate, first, imperfect price transmission among agricultural input, output, and retail food prices, and second, that agricultural output prices are more flexible than agricultural input and retail food prices. [EconLit citations: Q110; Q130]. © 2003 Wiley Periodicals, Inc. Agribusiness 19: 425-437, 2003.

Suggested Citation

  • Nicholas Apergis & Anthony Rezitis, 2003. "Mean spillover effects in agricultural prices: The case of Greece," Agribusiness, John Wiley & Sons, Ltd., vol. 19(4), pages 425-437.
    • Handle: RePEc:wly:agribz:v:19:y:2003:i:4:p:425-437
    DOI: 10.1002/agr.10071
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    References listed on IDEAS

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    Cited by:

    1. Anthony N. Rezitis, 2018. "Empirical analysis of price relations along the Finnish supply chain of selected meat, dairy, and egg products: A dynamic panel data approach," Agribusiness, John Wiley & Sons, Ltd., vol. 34(3), pages 542-561, June.
    2. Bulent Guloglu & Saban Nazlioglu, 2013. "Impacts of Inflation on Agricultural Prices: Panel Smooth Transition Regression Analysis," Research Journal of Politics, Economics and Management, Sakarya University, Faculty of Economics and Administrative Sciences, vol. 1(1), pages 1-20, January.
    3. Mahlako Nthabeleng Mokgomo & Clarietta Chagwiza & Phathutshedzo Fancy Tshilowa, 2022. "The Impact of Government Agricultural Development Support on Agricultural Income, Production and Food Security of Beneficiary Small-Scale Farmers in South Africa," Agriculture, MDPI, vol. 12(11), pages 1-21, October.
    4. repec:kap:iaecre:v:11:y:2005:i:1:p:111-119 is not listed on IDEAS
    5. Heng-Hung KUO & Li-Hsing HO & Wen-Hung LIN, 2015. "Do hog breeds matter? Investigating the price volatility in the Taiwan's auction market," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(7), pages 314-325.
    6. Ioanna Reziti, 2005. "The Relationship Between Macroeconomic Variables and Relative Price Variability in Greek Agriculture," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 11(1), pages 111-119, February.

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