IDEAS home Printed from https://ideas.repec.org/a/ids/ijcome/v8y2018i1p18-40.html
   My bibliography  Save this article

Price transmission along the Greek food supply chain in a dynamic panel framework: empirical evidence from the implementation of decoupling

Author

Listed:
  • Anthony N. Rezitis
  • Dimitris N. Pachis

Abstract

This study investigates the price transmission mechanism between the producer and the consumer of the Greek food market while taking into consideration the decoupling policy scheme of the Common Agricultural Policy of the European Union. The empirical analysis uses the panel vector error correction model for the empirical investigation of the price mechanism. The dynamics of the price mechanism are evaluated in the short and long run with causality tests and impulse responses. The results show that the producer does not respond to long-run deviations from the equilibrium. Moreover, a shock in the producer or the consumer prices results in own disequilibrium effects that are quickly decayed and disequilibrium spillover effects from one price level to the other that take time to decay. Finally, the implementation of the decoupling scheme seems to have benefited the consumer more rather than the producer in mitigating his responses to own and cross-price shocks.

Suggested Citation

  • Anthony N. Rezitis & Dimitris N. Pachis, 2018. "Price transmission along the Greek food supply chain in a dynamic panel framework: empirical evidence from the implementation of decoupling," International Journal of Computational Economics and Econometrics, Inderscience Enterprises Ltd, vol. 8(1), pages 18-40.
    • Handle: RePEc:ids:ijcome:v:8:y:2018:i:1:p:18-40
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=88310
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Antonioli, Federico & Santeramo, Fabio Gaetano, 2022. "On Policy Interventions and Vertical Price Transmission: The Italian Milk Supply Chain Case," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 47(2), May.
    2. Daniele Cavicchioli, 2018. "Detecting Market Power Along Food Supply Chains: Evidence and Methodological Insights from the Fluid Milk Sector in Italy," Agriculture, MDPI, vol. 8(12), pages 1-22, December.

    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:ids:ijcome:v:8:y:2018:i:1:p:18-40. 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=311 .

    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.