Vertical price transmission in the Turkish poultry market: the avian influenza crisis
| Autor: | Seval Mutlu Çamoğlu, Jose Maria Gil, Teresa Serra |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
Economics and Econometrics
Turkish Disequilibrium Monetary economics medicine.disease_cause Influenza A virus subtype H5N1 language.human_language law.invention Error correction model Transmission (mechanics) law Information index medicine Economics language medicine.symptom health care economics and organizations Industrial organization |
| Zdroj: | Applied Economics. 47:1106-1117 |
| ISSN: | 1466-4283 0003-6846 |
| DOI: | 10.1080/00036846.2014.990623 |
| Popis: | This article assesses the impact of the Avian Influenza (AI) outbreak in the Turkish poultry market by focusing on price transmission at producer and retail levels. The relationship and patterns of transmission between producer and retail prices are analysed by estimating a Regime-Switching Vector Error Correction Model with three regimes. An AI information index variable is developed and used to determine regime-switching. Results suggest that consumer prices adjust to disequilibrium caused by the AI crisis, while producer prices are sticky and slowly responsive. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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