Seok, Jun Ho
(University of Kentucky, 330, Charles E. Branhart Bldg., Lexington, KY 40546, USA)
,
Kim, GwanSeon
(University of Kentucky, 442, Charles E. Branhart Bldg., Lexington, KY 40546, USA)
,
Reed, Michael R.
(University of Kentucky, 308, Charles E. Branhart Bldg., Lexington, KY 40546, USA)
,
Kim, Soo-Eun
(Jeonbuk Institute, 1696 Kongjwi-patjwi-ro, Wansan-gu, Jeonju-si, Jeollabuk-do 55068, South Korea)
Abstract The historical decomposition and directed acyclic graph methods are employed to estimate the effect of avian influenza in Korea on egg price transmission between the farm, wholesale, and retail levels. Our findings suggest that farm and retail egg prices are connected by the wholesale pric...
Abstract The historical decomposition and directed acyclic graph methods are employed to estimate the effect of avian influenza in Korea on egg price transmission between the farm, wholesale, and retail levels. Our findings suggest that farm and retail egg prices are connected by the wholesale price. We also find that the farm-wholesale and the wholesale-retail margins increase during the avian influenza period. Our results imply that the retailer and wholesaler use their market power to increase their price during the food safety crisis. Therefore, the Korean government should control market power by allowing more emergency egg imports.
Abstract The historical decomposition and directed acyclic graph methods are employed to estimate the effect of avian influenza in Korea on egg price transmission between the farm, wholesale, and retail levels. Our findings suggest that farm and retail egg prices are connected by the wholesale price. We also find that the farm-wholesale and the wholesale-retail margins increase during the avian influenza period. Our results imply that the retailer and wholesaler use their market power to increase their price during the food safety crisis. Therefore, the Korean government should control market power by allowing more emergency egg imports.
Canadian Journal of Agricultural Economics/Revue canadienne d’agroeconomie Awokuse 63 1 77 2015 10.1111/cjag.12038 Does agriculture really matter for economic growth in developing countries?
Journal of agricultural Economics Bakucs 65 1 1 2014 10.1111/1477-9552.12042 Does market structure influence price transmission in the agro-food sector? A meta-analysis perspective
American Journal of Agricultural Economics Bessler 80 5 1144 1998 10.2307/1244220 Farm prices, retail prices, and directed graphs: Results for pork and beef
Journal of Agricultural and Resource Economics Chen 41 3 444 2016 Market integration and price transmission in the world rice export markets
Chern, W. S., Zuo, J. (1997). Impacts of fat and cholesterol information on consumer demand: Application of news 437 indexes. Working paper. Available at: http://ageconsearch.umn.edu/bitstream/28321/1/wp060043.pdf.
NCR-134 conference on applied commodity price analysis, forecasting, and market risk management, St. Louis, Missouri, April Chopra 18 2005 Impact of BSE and FMD on beef industry in UK
Journal of the American Statistical Association Dickey 74 366 427 1979 10.2307/2286348 Distribution of the estimators for autoregressive time series with a unit root
Econometrica: Journal of the Econometric Society Granger 424 1969 10.2307/1912791 Investigating causal relations by econometric models and cross-spectral methods
Food Policy Hassouneh 37 3 264 2012 10.1016/j.foodpol.2012.02.012 Food scare crises and developing countries: The impact of avian influenza on vertical price transmission in the Egyptian poultry sector
Journal of Policy Modeling Henry 15 2 117 1993 10.1016/0161-8938(93)90012-F A time-series analysis of the effects of government policies on the U.S. beef cattle industry
Oxford Bulletin of Economics and statistics Johansen 52 2 169 1990 10.1111/j.1468-0084.1990.mp52002003.x Maximum likelihood estimation and inference on cointegration-With applications to the demand for money
Journal of the European Economic Association Kilian 6 1 78 2008 10.1162/JEEA.2008.6.1.78 A comparison of the effects of exogenous oil supply shocks on output and inflation in the G7 countries
Journal of Econometrics Kwiatkowski 54 1 159 1992 10.1016/0304-4076(92)90104-Y Testing the null hypothesis of stationarity against the alternative of a unit root
Journal of Policy Modeling Oh 26 8 973 2004 10.1016/j.jpolmod.2004.06.003 Energy consumption and economic growth in Korea: Testing the causality relation
Agribusiness Saghaian 23 3 333 2007 10.1002/agr.20127 Beef safety shocks and dynamics of vertical price adjustment: The case of BSE discovery in the US beef sector
Journal of Agricultural and Applied Economics Saghaian 40 3 1015 2008 10.1017/S1074070800002480 Dynamics of price transmission in the presence of a major 480 food safety shock: Impact of H5N1 avian influenza on the Turkish poultry sector
Spirtes 1999 TETRAD II-Version 3.1 tools for causal modeling
Spirtes 2000 Causation, prediction, and search
Journal of the American Statistical Association Swanson 92 437 357 1997 10.1080/01621459.1997.10473634 Impulse response functions based on a causal approach to residual orthogonalization in vector autoregressions
※ AI-Helper는 부적절한 답변을 할 수 있습니다.