IDEAS home Printed from https://ideas.repec.org/a/caa/jnlage/v54y2008i2id272-agricecon.html
   My bibliography  Save this article

The price transmission in pork meat agri-food chain

Author

Listed:
  • L. Čechura

    (Czech University of Life Sciences, Prague, Czech Republic)

  • L. Šobrová

    (Czech University of Life Sciences, Prague, Czech Republic)

Abstract

The paper deals with the analysis of price transmission in pork meat agri-food chain. The analysis is aimed at the determination of the type of market structure in the chain based on the derived theoretical model and fitted reduced model of price transmission in the form of VECM. Then, impulse-response analysis and decomposition of variance of fitted VECM show the system's reaction to innovations and the interaction between variables for longer forecast horizons. The results imply that processing stage may exercise oligopsonic power, i.e. the market structure has the type of oligopsony. Impulse-response analysis shows that the system approaches relatively fast the equilibrium and all responses are positive. Moreover, decomposition of variance informs about the increasing role of the wholesale price in the explanation of forecast error variance of agricultural price. Then, it follows from the obtained results (among other) that the pork meat agri-food chain may be characterised as demand-driven. The type of market structure implies that the agricultural support is in this case shared within the vertically related markets and thus is less efficient.

Suggested Citation

  • L. Čechura & L. Šobrová, 2008. "The price transmission in pork meat agri-food chain," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 54(2), pages 77-84.
    • Handle: RePEc:caa:jnlage:v:54:y:2008:i:2:id:272-agricecon
    DOI: 10.17221/272-AGRICECON
    as

    Download full text from publisher

    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/272-AGRICECON.html
    Download Restriction: free of charge
    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/272-AGRICECON.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.17221/272-AGRICECON?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jung Hun HAN & Byeong-Il AHN, 2015. "Multiple-regime price transmission between wheat and wheat flour prices in Korea," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(12), pages 552-563.
    2. Jindrich SPICKA & Zdenka NAGLOVA & Martin GURTLER, 2017. "Effects of the investment support in the Czech meat processing industry," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(8), pages 356-369.
    3. Dagmar Matošková, 2011. "Volatility of agrarian markets aimed at the price development," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 57(1), pages 35-40.
    4. Tamara Rudinskaya & Iveta Boskova, 2021. "Asymmetric price transmission and farmers' response in the Czech dairy chain," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 67(5), pages 163-172.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:caa:jnlage:v:54:y:2008:i:2:id:272-agricecon. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ivo Andrle (email available below). General contact details of provider: https://www.cazv.cz/en/home/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.