IDEAS home Printed from https://ideas.repec.org/a/ags/stagec/262421.html
   My bibliography  Save this article

Food scares and asymmetric price transmission: the case of the pork market in China

Author

Listed:
  • Dai, Jiawu
  • Li, Xun
  • Wang, Xiuqing

Abstract

This paper investigates the symmetry of impact from three main food scare events on both the upstream and downstream price transmissions in the Chinese pork market through monthly data from 2001 to 2014. Based on a theoretical model, we firstly estimate the VAR systems for pork retail price and price transmissions in different links, and then plot the impulse response function and dynamic multiplier function respectively for endogenous substitute good price and exogenous food scare events. Empirical results indicate the asymmetry of price transmission in the Chinese pork market, and demand and supply shocks from three food scare incidents are found to impact retail price and price transmissions differentially. In addition, shocks from the same incident on price and price transmissions are significantly different. This research provides implications for farmers, business managers and policy makers to make strategies in response to food scare events.

Suggested Citation

  • Dai, Jiawu & Li, Xun & Wang, Xiuqing, 2017. "Food scares and asymmetric price transmission: the case of the pork market in China," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 119(2), August.
    • Handle: RePEc:ags:stagec:262421
    DOI: 10.22004/ag.econ.262421
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/262421/files/1620-dai_web.pdf
    Download Restriction: no
    File URL: https://ageconsearch.umn.edu/record/262421/files/1620-dai_web.pdf?subformat=pdfa
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.262421?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kharin, S., 2018. "Price Transmission Analysis: the Case of Milk Products in Russia," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 10(1).

    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:ags:stagec:262421. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/akiiihu.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.