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Price transmission and asymmetric adjustment in the Spanish dairy sector

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  • Teresa Serra
  • Barry Goodwin

Abstract

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.

Suggested Citation

  • Teresa Serra & Barry Goodwin, 2003. "Price transmission and asymmetric adjustment in the Spanish dairy sector," Applied Economics, Taylor & Francis Journals, vol. 35(18), pages 1889-1899.
    • Handle: RePEc:taf:applec:v:35:y:2003:i:18:p:1889-1899
    DOI: 10.1080/00036840310001628774
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