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Spatial Price Relationships in the Olive Oil Market of the Mediterranean


  • Fousekis, Panos
  • Klonaris, Stathis


The study of spatial price relationships helps to explain market performance and the degree of market integration. This paper provides an empirical analysis of the long- and short-run price linkages in the olive oil market of the Mediterranean using Time Series techniques. The empirical results suggest the existence of a stable long-run relationships among prices in Spain, Italy, and Greece. They also suggest that the major producer and exporter (Spain) is the price leader while Greece and Italy are the followers.

Suggested Citation

  • Fousekis, Panos & Klonaris, Stathis, 2002. "Spatial Price Relationships in the Olive Oil Market of the Mediterranean," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 3(2), August.
  • Handle: RePEc:ags:aergaa:26461

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    1. Lau, Evan & Puah, Chin-Hong & Oh, Swee-Ling & Lo, Yan-Ching, 2008. "Causality between White Pepper and Black Pepper: Evidence from Six Markets in Sarawak," MPRA Paper 6552, University Library of Munich, Germany.

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    Demand and Price Analysis;


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