Symmetry in farm-retail price transmission: pork in Malaysia
AbstractThis study intends to determine the farm-retail price transmission behaviors of pork in Malaysia to serve as a good implication for pork pricing system in Malaysia. Using data from January 1997 to December 2008, both the Houck and ECM approaches were found symmetric where a change in farm price of pork was observed to have similar change in retail price of pork in Malaysia. The price setting system of pork can therefore be further described by the estimated price transmission elasticities where retail price is very sensitive to the changes in farm price. A change in farm price is expected to result in a bigger change in retail price of pork while other things remain unchanged.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 16693.
Date of creation: 01 Aug 2009
Date of revision:
symmetry; pork; elasticity of price transmission;
Find related papers by JEL classification:
- 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
This paper has been announced in the following NEP Reports:
- NEP-AGR-2009-08-16 (Agricultural Economics)
- NEP-ALL-2009-08-16 (All new papers)
- NEP-SEA-2009-08-16 (South East Asia)
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