Beef and milk price links in Turkey
AbstractThis article addresses the recent red meat price spikes in Turkey, using contemporary time-series analysis. The arguments point to the impact of low milk prices that led to liquidation of dairy herds and decline of beef prices initially due to the liquidation and increased meat supply, and subsequent price increases in the next year due to decreased supply. The results revealed that dairy herd liquidation had a delayed impact of a year to 18 months on farm, wholesale, and retail beef prices. Those effects wore off over a two year time period.
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 InfoPaper provided by Mardin Artuklu Univeristy, Department of Economics in its series Working Papers with number 2012-03.
Length: 7 pages
Date of creation: Nov 2012
Date of revision:
Publication status: published (Economics Bulletin (2013), Vol. 33 No. 4 pp. 2607-2616)
Note: Research Note
Contact details of provider:
Postal: Mardin Artuklu Univeristy Sosyal Bilimler Enstitusu Diyarbakir Yolu, Yenisehir Mardin, 47100 Turkey
Web page: http://iktisat.artuklu.edu.tr/
More information through EDIRC
dairy herd liquidation; price adjustment; red meat price spike; Turkey;
Other versions of this item:
- Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
- Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John M. Crespi & Tian Xia & Rodney Jones, 2010. "Market Power and the Cattle Cycle," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(3), pages 685-697.
- Eric Zivot & Donald W.K. Andrews, 1990.
"Further Evidence on the Great Crash, the Oil Price Shock, and the Unit Root Hypothesis,"
Cowles Foundation Discussion Papers
944, Cowles Foundation for Research in Economics, Yale University.
- Zivot, Eric & Andrews, Donald W K, 2002. "Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 25-44, January.
- Zivot, Eric & Andrews, Donald W K, 1992. "Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis," Journal of Business & Economic Statistics, American Statistical Association, vol. 10(3), pages 251-70, July.
- Rezitis, Anthony N. & Stavropoulos, Konstantinos S., 2009.
"Greek meat supply response and price volatility in a rational expectations framework: A multivariate GARCH approach,"
113th Seminar, September 3-6, 2009, Chania, Crete, Greece
58120, European Association of Agricultural Economists.
- Anthony N. Rezitis & Konstantinos S. Stavropoulos, 2012. "Greek meat supply response and price volatility in a rational expectations framework: a multivariate GARCH approach," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 39(2), pages 309-333, April.
- David Aadland & DeeVon Bailey, 2001. "Short-Run Supply Responses in the U.S. Beef-Cattle Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(4), pages 826-839.
- Jarvis, Lovell S, 1974. "Cattle as Capital Goods and Ranchers as Portfolio Managers: An Application to the Argentine Cattle Sector," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 489-520, May/June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hasan Tekguc).
If references are entirely missing, you can add them using this form.