Home > Research > Publications & Outputs > Modeling asymmetric price transmission in the E...

Electronic data

  • 1. Paper_5.1.18_3.5.18-REVISED

    Rights statement: This is the author’s version of a work that was accepted for publication in Economic Modelling. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economic Modelling, 76, 2019 DOI: 10.1016/j.econmon.2018.08.004

    Accepted author manuscript, 0.98 MB, PDF document

    Available under license: CC BY-NC-ND

Links

Text available via DOI:

View graph of relations

Modeling asymmetric price transmission in the European food market

Research output: Contribution to journalJournal articlepeer-review

Published
Close
<mark>Journal publication date</mark>01/2019
<mark>Journal</mark>Economic Modelling
Volume76
Number of pages15
Pages (from-to)216-230
Publication StatusPublished
Early online date20/08/18
<mark>Original language</mark>English

Abstract

In this study, we employ a multivariate panel error correction model (PVECM) to investigate asymmetric price transmission among the farm, processor, and retail segments of the European food supply chain for the 2005–2016 period. The results indicate that, in both the long- and short-run, retail prices respond more strongly to processor price increases than decreases and the same occurs for processor prices due to farm price changes. Thus, the findings demonstrate the presence of positive asymmetric price transmission in the European food supply chain. Finally, the results of the present study indicate that the food price pass-through varies greatly across product category and across countries, and that the pass-through to producer prices is greater than that to consumer prices.

Bibliographic note

This is the author’s version of a work that was accepted for publication in Economic Modelling. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economic Modelling, 76, 2019 DOI: 10.1016/j.econmon.2018.08.004