Price transmission, BSE and structural breaks in the UK meat sector
This paper examines transmission between producer and retail prices for beef, lamb and pork in the UK and the impact of public concern over bovine spongiform encephalopathy (BSE) in early 1996. We used the cointegration procedure of Johansen et al. 2000), which admits structural breaks in cointegrating space. Results with monthly data for 1986--2000 show that a long-run relationship exists between each producer and retail price, and that a structural break occurs in the beef relationship at the height of the BSE crisis, which increases the margin by £1.12-kg. In contrast, there is no evidence of BSE-related breaks in the lamb or pork relationships. Copyright 2003, Oxford University Press.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 30 (2003)
Issue (Month): 2 (June)
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: https://academic.oup.com/erae
More information through EDIRC
|Order Information:||Web: http://www.oup.co.uk/journals|