Vertical price transmission in the Turkish poultry market: the avian influenza crisis

Please use this identifier to cite or link to this item: http://earsiv.odu.edu.tr:8080/xmlui/handle/11489/2903

Title:	Vertical price transmission in the Turkish poultry market: the avian influenza crisis
Authors:	Camoglu, Seval Mutlu Gil, Jose M. Serra, Teresa Ordu Üniversitesi 0000-0003-3056-7895 0000-0003-3313-9052
Keywords:	FOOD SCARESASYMMETRIC ADJUSTMENTTIME-SERIESINTEGRATIONBSE price transmissionregime-switching modelavian influenzapoultry market
Issue Date:	2015
Publisher:	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND
Abstract:	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.
URI:	http://doi.org/10.1080/00036846.2014.990623 http://earsiv.odu.edu.tr:8080/xmlui/handle/11489/2903
Appears in Collections:	İktisat

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