IDEAS home Printed from https://ideas.repec.org/p/col/000382/010283.html
   My bibliography  Save this paper

Dinámica de los precios de los productos lácteos en Colombia : El caso del Departamento de Córdoba

Author

Listed:
  • Omar Enrique Castillo Nunez

Abstract

Utilizando técnicas estadísticas y econométricas, como la media móvil multiplicativa, cointegración y funciones de impulso -respuesta, en este trabajo se analiza las relaciones de largo y corto plazo entre el precio al productor de leche y del queso costeno a nivel mayorista en Córdoba, Colombia. Se evidencia una fuerte estacionalidad: los precios se elevan entre Noviembre-Abril, y descienden entre Mayo-Octubre. La elasticidad de transmisión de largo plazo indica que un aumento del 1% en el precio al productor de leche aumenta el precio del queso a nivel mayorista en 0,69%. Un shock inesperado en estos mercados genera inestabilidad y una trayectoria contracíclica del precio. Los resultados obtenidos son plausibles; el comportamiento contracíclico confirma el papel amortiguador de la producción de queso para evitar caídas o subidas más drásticas del precio al productor de leche en épocas críticas.

Suggested Citation

  • Omar Enrique Castillo Nunez, 2012. "Dinámica de los precios de los productos lácteos en Colombia : El caso del Departamento de Córdoba," Revista de Economía del Caribe 10283, Universidad del Norte.
    • Handle: RePEc:col:000382:010283
    as

    Download full text from publisher

    File URL: http://rcientificas.uninorte.edu.co/index.php/economia/article/viewFile/3829/2871
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bruce L. Gardner, 1975. "The Farm-Retail Price Spread in a Competitive Food Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(3), pages 399-409.
    2. Elitzak, Howard, 1996. "Food Cost Review, 1995," Agricultural Economic Reports 305732, United States Department of Agriculture, Economic Research Service.
    3. Ardeni, Pier Giorgio & Freebairn, John, 2002. "The macroeconomics of agriculture," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 2, chapter 28, pages 1455-1485, Elsevier.
    4. Pesaran, H. Hashem & Shin, Yongcheol, 1998. "Generalized impulse response analysis in linear multivariate models," Economics Letters, Elsevier, vol. 58(1), pages 17-29, January.
    5. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
    6. Diaz, N. & Melo, Oscar & Modrego, Felix, 2007. "Dinámica de transmisión de precios y cambio estructural en el sector lácteo chileno," Economi­a Agraria (Revista Economia Agraria), Agrarian Economist Association (AEA), Chile, vol. 11, pages 1-12.
    7. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sayef Bakari, 2017. "The Impact of Vegetables Exports on Economic Growth in Tunisia," Economic Research Guardian, Weissberg Publishing, vol. 7(2), pages 72-87, December.
    2. Yau, Hwey-Yun & Nieh, Chien-Chung, 2006. "Interrelationships among stock prices of Taiwan and Japan and NTD/Yen exchange rate," Journal of Asian Economics, Elsevier, vol. 17(3), pages 535-552, June.
    3. Nikkinen, Jussi & Piljak, Vanja & Rothovius, Timo, 2020. "Impact of the 2008–2009 financial crisis on the external and internal linkages of European frontier stock markets," Global Finance Journal, Elsevier, vol. 46(C).
    4. Richard Tiffin & P. J. Dawson, 2002. "The Demand for Calories: Some Further Estimates from Zimbabwe," Journal of Agricultural Economics, Wiley Blackwell, vol. 53(2), pages 221-232, July.
    5. repec:dau:papers:123456789/4237 is not listed on IDEAS
    6. Mohammad Jaforullah, 2015. "International tourism and economic growth in New Zealand," Working Papers 1502, University of Otago, Department of Economics, revised Apr 2015.
    7. Shahbaz, Muhammad, 2012. "Does trade openness affect long run growth? Cointegration, causality and forecast error variance decomposition tests for Pakistan," Economic Modelling, Elsevier, vol. 29(6), pages 2325-2339.
    8. Bakari, Sayef, 2018. "The Impact Of Citrus Exports On Economic Growth: Empirical Analysis From Tunisia," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 6(1), January.
    9. Le, Thai-Ha & Chang, Youngho, 2015. "Effects of oil price shocks on the stock market performance: Do nature of shocks and economies matter?," Energy Economics, Elsevier, vol. 51(C), pages 261-274.
    10. Houssem Eddine Chebbi, 2010. "Long and Short–Run Linkages Between Economic Growth, Energy Consumption and CO2 Emissions in Tunisia," Middle East Development Journal, Taylor & Francis Journals, vol. 2(1), pages 139-158, January.
    11. Anton Belgrave & Kester Guy & Mahalia Jackman, 2012. "Industry Specific Shocks and Non-Performing Loans in Barbados," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 4(2), pages 123-133, December.
    12. Levent Korap, 2009. "Parasal Buyume ve Tuketici Enflasyonu Degisim Orani Arasindaki Nedensellik Iliskisi Uzerine Bir Deneme: Turkiye Ornegi," Istanbul University Econometrics and Statistics e-Journal, Department of Econometrics, Faculty of Economics, Istanbul University, vol. 9(1), pages 56-74, May.
    13. Nieh, Chien-Chung & Yau, Hwey-Yun, 2004. "Time series analysis for the interest rates relationships among China, Hong Kong, and Taiwan money markets," Journal of Asian Economics, Elsevier, vol. 15(1), pages 171-188, February.
    14. Julien Chevallier, 2010. "A Note on Cointegrating and Vector Autoregressive Relationships between CO2 allowances spot and futures prices," Economics Bulletin, AccessEcon, vol. 30(2), pages 1564-1584.
    15. Xiaojie Xu, 2018. "Cointegration and price discovery in US corn cash and futures markets," Empirical Economics, Springer, vol. 55(4), pages 1889-1923, December.
    16. Harsh Vardhan & Pankaj Sinha, 2016. "Influence of Foreign Institutional Investments (FIIs) on the Indian Stock Market: An Insight by VAR Models," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 15(1), pages 49-83, April.
    17. Mondher bellalah & Olivier Levyne & Omar Masood, 2013. "Does co-integration and causal relationship exist between the non-stationary variables for Chinese bank’s profitability? Empirical evidence," THEMA Working Papers 2013-14, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    18. Lorde, Troy & Francis, Brian & Drakes, Lisa, 2009. "Tourism Services Exports and Economic Growth in Barbados," MPRA Paper 95549, University Library of Munich, Germany.
    19. Bierens, H.J. & Broersma, L., 1991. "The relation between unemployment and interest rate : some international evidence," Serie Research Memoranda 0112, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    20. Xu, Haifeng & Hamori, Shigeyuki, 2012. "Dynamic linkages of stock prices between the BRICs and the United States: Effects of the 2008–09 financial crisis," Journal of Asian Economics, Elsevier, vol. 23(4), pages 344-352.
    21. Xiaojie Xu, 2017. "The rolling causal structure between the Chinese stock index and futures," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 31(4), pages 491-509, November.

    More about this item

    Keywords

    elasticidad de transmisión del precio; estacionalidad; cointegración; choques no esperados;
    All these keywords.

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000382:010283. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Departamento de Economía UN (email available below). General contact details of provider: https://edirc.repec.org/data/denorco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.