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Price volatility of milk and dairy products in Poland after accession to the EU

Author

Listed:
  • Piotr Bórawski

    (Department of Agrotechnology and Agribusiness, Faculty of Agriculture and Forestry, University of Warmia and Mazury in Olsztyn, Olsztyn, Poland)

  • Marta Guth

    (Department of Macroeconomics and Food Economics, Institute of Economics, Poznań University of Economics and Business, Poznań, Poland)

  • Andrzej Parzonko

    (Department of Economics and Organization of Enterprises, Faculty of Economics, Warsaw University of Life Science - SGGW, , Warszaw, Poland)

  • Tomasz Rokicki

    (Department of Logistics, Institute of Economics and Finance, Warsaw University of Life Sciences, Warszaw, Poland)

  • Aleksandra Perkowska

    (Department of Logistics, Institute of Economics and Finance, Warsaw University of Life Sciences, Warszaw, Poland)

  • James William Dunn

    (Department of Agricultural Economics, Sociology and Education, Faculty of Agricultural Sciences, Pennsylvania State University, Pennsylvania, USA)

Abstract

Milk and dairy products help meet the nutritional needs of the population. The main goal of this research was to analyse price volatility of milk and dairy products in Poland after accession to the European Union (EU). Price is the main economic influencer. We used 161 monthly observations from 01. 2007 to 05. 2020 to analyse the price changes. To measure the volatility, we have used Augmented Dickey-Fuller test (ADF test), Autoregressive-Moving-Average model (ARMA model), and Granger test. Our research confirmed high volatility of milk and dairy products prices. The ARMA model confirmed that the dairy product prices are stationary. Milk, butter and Gouda cheese are also useful for forecasting.

Suggested Citation

  • Piotr Bórawski & Marta Guth & Andrzej Parzonko & Tomasz Rokicki & Aleksandra Perkowska & James William Dunn, 2021. "Price volatility of milk and dairy products in Poland after accession to the EU," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 67(3), pages 111-119.
    • Handle: RePEc:caa:jnlage:v:67:y:2021:i:3:id:459-2020-agricecon
    DOI: 10.17221/459/2020-AGRICECON
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    Cited by:

    1. Grebowiec Mariusz, 2021. "Consumer Determinants of Purchasing Decisions on the Dairy Products Market," European Research Studies Journal, European Research Studies Journal, vol. 0(3 - Part ), pages 981-992.
    2. Jan Syrůček & Luděk Bartoň & Dalibor Řehák & Magdaléna Štolcová & Jiří Burdych, 2023. "Recent development of economic indicators on Czech dairy farms," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 69(2), pages 45-54.
    3. Piotr Bórawski & Aneta Bełdycka-Bórawska & Andrzej Parzonko & Tomasz Rokicki & Lisa Holden, 2022. "Changes in the comparative advantage of Polish dairy products," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(12), pages 464-475.

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