바로가기 목록

학술지(농촌경제)

제4유형
  • An Asymmetric Price Transmission Analysis in the U.S. Pork Market Using Threshold Co-integration Analysis
  • 
						    An Asymmetric Price Transmission Analysis in the U.S. Pork Market Using Threshold Co-integration Analysis

    저자
    윤종열 , Scott Brown
    등록일
    2018.12.31

    ※ 원문보기 클릭 시 에러가 나는 경우 조치 방법 : "고객센터 - 자주하는 질문" 참조

  • The objective of this study is to examine asymmetric price transmission in the U.S. pork market. The motivation of this study needs to be found in the structural changes in the U.S. pork market characterized by more extensive and intensive operation of pork production, consolidation of the small and...

  • 목차

    요약문

    The objective of this study is to examine asymmetric price transmission in the U.S. pork market. The motivation of this study needs to be found in the structural changes in the U.S. pork market characterized by more extensive and intensive operation of pork production, consolidation of the small and medium scale producers, many mergers and acquisitions of meat packers and retailers. For this purpose, threshold co-integration analysis is applied to allow for an asymmetric pattern of price adjustment towards a long-run equilibrium in the price relationship among farm, wholesale, and retail levels. The empirical findings suggest that there is asymmetric price adjustment in the U.S. pork market while its pattern appears to be different across marketing channels. That is, wholesalers tend to respond more quickly to an increase in producer price (i.e., margin squeezing) than to a decrease in producer price (i.e., margin stretching), while wholesale price responds more quickly to a decrease in retail price. These may be generally understood in the presence of non-competitive pricing behavior of agents at a certain chain beyond farm gate. Such findings imply that the recent structural changes in the U.S. pork market may hinder an efficient price transmission mechanism across the marketing channels.

    저자정보

    이미지가 없습니다

    저자소개
    윤종열 (Yoon, Jongyeol)
    - 연구위원
    - 소속 : 원예경제연구실

    저자에게 문의

    이미지가 없습니다

    저자소개
    윤종열 (Yoon, Jongyeol)
    - 연구위원
    - 소속 : 원예경제연구실
    저자에게 문의

    보고서 이미지

    게시물 작성 입력폼

    구매안내

    KREI의 출판물은 판매 대행사 (정부간행물판매센터)와 아래 서점에서 구입 하실 수 있습니다.

    판매대행사
    (주)정부간행물판매센터http://www.gpcbooks.co.kr사이트 바로가기
    서울특별시 중구태평로 1가 25번지
    TEL 02) 394-0337, 734-6818
    FAX 02) 394-0339
    판매서점
    판매서점
    교보문고 http://www.kyobobook.co.kr/
    영풍문고 http://www.ypbooks.co.kr/
    알라딘 http://www.aladin.co.kr/


    활용도 정보
    활용도 정보
    상세정보 조회 좋아요 다운로드 스크랩 SNS공유
    13012 0 103 0 0
    • 같은 분야 보고서가 없습니다.
    • 같은 분야 인기 보고서가 없습니다.
    의견남기기

  • 다음글 Impacts of Aid for Trade on Agricultural Development and Trade
  • 이전글 A Multivariate Tobit Estimation of Rural Land Rental and Labor Market Participation Decisions of Farm Households in Ethiopia

맨위로