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Price transmission, BSE and structural breaks in the UK meat sector

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  • Ana I. Sanjuán
  • P. J. Dawson

Abstract

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.

Suggested Citation

  • Ana I. Sanjuán & P. J. Dawson, 2003. "Price transmission, BSE and structural breaks in the UK meat sector," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 30(2), pages 155-172, June.
  • Handle: RePEc:oup:erevae:v:30:y:2003:i:2:p:155-172
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    Cited by:

    1. Liang, Jing, 2010. "Three essays on food safety and foodborne illness," ISU General Staff Papers 201001010800002782, Iowa State University, Department of Economics.
    2. repec:spr:agfoec:v:5:y:2017:i:1:d:10.1186_s40100-017-0074-0 is not listed on IDEAS
    3. Islam Hassouneh & Teresa Serra & José M. Gil, 2010. "Price transmission in the Spanish bovine sector: the BSE effect," Agricultural Economics, International Association of Agricultural Economists, vol. 41(1), pages 33-42, January.
    4. El Benni, Nadja & Finger, Robert & Hediger, Werner, 2014. "Transmission of beef and veal prices in different marketing channels," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182696, European Association of Agricultural Economists.
    5. Hassouneh, Islam & Serra, Teresa & Gil, Jose Maria, 2009. "Price transmission in the Spanish bovine sector: the BSE effect," 2009 Conference, August 16-22, 2009, Beijing, China 50121, International Association of Agricultural Economists.
    6. Costa, Rafael & Bessler, David & Rosson, C. Parr, 2015. "The Impacts of Foot and Mouth Disease Outbreaks on the Brazilian Meat Market," Journal of Food Distribution Research, Food Distribution Research Society, vol. 46(3), November.
    7. Edgardo Ayala & Joana Chapa, 2017. "AH1N1 impact on the Mexican pork meat market," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 32(1), pages 3-25.
    8. Philip Kostov & John Lingard, 2005. "Seasonally specific model analysis of UK cereals prices," Econometrics 0507014, EconWPA.
    9. Oral Capps Jr. & Sergio Colin‐Castillo & Manuel A. Hernandez, 2013. "Do Marketing Margins Change with Food Scares? Examining the Effects of Food Recalls and Disease Outbreaks in the U.S. Red Meat Industry," Agribusiness, John Wiley & Sons, Ltd., vol. 29(4), pages 426-454, September.
    10. Sven Anders, 2008. "Imperfect Competition in German Food Retailing: Evidence from State Level Data," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 36(4), pages 441-454, December.
    11. Liang, Jing & Fabiosa, Jacinto F. & Jensen, Helen H. & Miller, Gay Y., 2010. "Potential HPAI Shocks and Welfare Implications of Market Power in the U.S. Broiler Industry," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61496, Agricultural and Applied Economics Association.
    12. José Juan Cáceres-Hernández & Gloria Martín-Rodríguez, 2007. "Heterogeneous Seasonal Patterns in Agricultural Data and Evolving Splines," The IUP Journal of Agricultural Economics, IUP Publications, vol. 0(3), pages 48-65, July.

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