Please use this identifier to cite or link to this item:
https://ruomo.lib.uom.gr/handle/7000/1479
Title: | Vertical price transmission in the US beef sector: Evidence from the nonlinear ARDL model |
Authors: | Fousekis, Panos Katrakilidis, Constantinos Trachanas, Emmanouil |
Type: | Article |
Subjects: | FRASCATI::Social sciences::Economics and Business::Economics |
Keywords: | US beef sector Asymmetric price transmission Nonlinear ARDL model |
Issue Date: | 2016 |
Source: | Economic Modelling |
Volume: | 52 |
First Page: | 499 |
Last Page: | 506 |
Abstract: | The objective of this work is to investigate vertical price transmission in the US beef sector. To this end, it employs the Nonlinear ARDL model which allows prices to be tied by asymmetric relationships both in the long- as well as in the short-run. The empirical results indicate the presence of asymmetry in magnitude for the pair of markets farm-wholesale and the presence of both asymmetry in speed and asymmetry in magnitude for the pair of markets wholesale-retail. The difference between the long-run elasticities of price transmission is more important from the wholesale to retail level than from the farm to the wholesale level. |
URI: | https://doi.org/10.1016/j.econmod.2015.09.030 https://ruomo.lib.uom.gr/handle/7000/1479 |
ISSN: | 0264-9993 |
Other Identifiers: | 10.1016/j.econmod.2015.09.030 |
Appears in Collections: | Department of Accounting & Finance |
Files in This Item:
File | Description | Size | Format | |
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Fousekis, Katrakilidis & Trachanas [2016].pdf | 355,36 kB | Adobe PDF | View/Open |
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