Asymmetric threshold vector error correction models are applied to monthly price data to analyse price relationships and patterns of transmission among farm and retail markets for a variety of dairy products in Spain. The results suggest that asymmetries affect a conspicuous part of the raw milk processed in Spain. Implications for the organizational structure of Spanish dairy markets are offered.
|Original language||English (US)|
|Number of pages||11|
|State||Published - Dec 15 2003|
ASJC Scopus subject areas
- Economics and Econometrics