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Asymetric Price Transmission in the Spanish Lamb Sector

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Author Info
ben Kaabia, Monia
Gil, Jose M.
Abstract

This paper aims to investigate the non-linear adjustments of prices between farm and retail prices in the lamb sector in Spain. The methodology used is based on the multivariate approach to specify and estimate a three-regime Threshold Autoregressive Model. Results indicate that in the long-run price transmission is perfect and any supply or demand shocks are fully transmitted along the marketing chain. In the short-run, price adjustments between the farm and the retail levels are asymmetric and are representative of a demand-pull transmission mechanism. On the other hand, retailers benefit from any shock, whether positive or negative, that affects supply or demand conditions.

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Paper provided by European Association of Agricultural Economists in its series 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark with number 24631.

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Date of creation: 2005
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Handle: RePEc:ags:eaae05:24631

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Related research
Keywords: asymmetries; lamb; Spain; price transmission; Demand and Price Analysis; Livestock Production/Industries;

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  15. Tiffin, Richard & Dawson, P J, 2000. "Structural Breaks, Cointegration and the Farm-Retail Price Spread for Lamb," Applied Economics, Taylor and Francis Journals, vol. 32(10), pages 1281-86, August. [Downloadable!] (restricted)
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