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Asymmetric Price Transmission and Non-linear Adjustment in the Iranian Mutton Market


  • Falsafian, Azadeh
  • Yazdani, Saeed
  • Moghaddasi, Reza


This paper analyses the asymmetric price transmission and non-linear adjustment at the farm and retail levels in the Iran’s mutton market. We applied a multivariate threshold error correction mechanism for monthly price data. We tested the non-linear adjustment using sup-LR, sup-LM and sup-Wald tests. The results confirm the presence of non-linear cointegration relationship between the retail and farm prices. In short-run, the price transmission behavior reveals that reactions of both the retail and farm prices to positive and negative deviations from the long-run price spread are asymmetric. More specially, the retailers show more strong responses to the both positive and negative shocks imposed to the farmers.

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  • Falsafian, Azadeh & Yazdani, Saeed & Moghaddasi, Reza, 2011. "Asymmetric Price Transmission and Non-linear Adjustment in the Iranian Mutton Market," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114363, European Association of Agricultural Economists.
  • Handle: RePEc:ags:eaae11:114363

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    Threshold Cointegration; Non-linearity; Mutton; Price; Iran; Livestock Production/Industries;

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