Spatial Integration and Asymmetric Price Transmission in Selected Iranian Chicken Markets
AbstractThis study evaluates pattern of price adjustments in selected spatially separated chicken markets in Iran using weekly price data from 1998:17 to 2006:41 including 441 observations in total. The results of Tsay’s test suggest that threshold behavior characterize spatial price linkages among the selected markets that imply on using the threshold models. We use the multi-dimensional (two and three regime) threshold cointegration of TAR and M-TAR models. Our results confirm the different speed of adjustment in response to positive and negative shocks in every case. We also utilize impulse response function to investigate dynamic patterns of adjustments in response to shocks.
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Bibliographic InfoPaper provided by European Association of Agricultural Economists in its series 2008 International Congress, August 26-29, 2008, Ghent, Belgium with number 44163.
Date of creation: 2008
Date of revision:
Spatial Integration; Price Transmission; Threshold Autoregression; Chicken; International Relations/Trade; Marketing;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-11-25 (All new papers)
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