Analysis of Dairy Product Price Transmission in Hungary: A Nonlinear ARDL Model

Abdallah, Marwa Ben; Fekete-Farkas, Mária; Lakner, Zoltán

doi:10.3390/agriculture10060217

Cited by 11 publications

(6 citation statements)

References 30 publications

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“…Second, the prerequisite for using ARDL and NARDL model is to test the stationarity of time series data [ 98 ]. The ADF [ 90 ] and PP [ 91 ] tests examine each data series for unit root.…”

Section: Resultsmentioning

confidence: 99%

Assessing the asymmetric impact of physical infrastructure and trade openness on ecological footprint: An empirical evidence from Pakistan

et al. 2022

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This study analyzed the asymmetric impact of the physical infrastructure and trade openness on Pakistan’s ecological footprint over the period 1970–2019 using the non-linear autoregressive distributed lag model. The study results posit that positive and negative shocks to physical infrastructure increase and decrease the ecological footprint asymmetrically in the short-run and symmetrically in the long-run. Likewise, the positive and negative shocks to trade openness increase and decrease the ecological footprint asymmetrically, both in the short and in the long run. Furthermore, urbanization also positively and significantly increases Pakistan’s ecological footprint in the short and long run. Moreover, a 1% increase in physical infrastructure increases the ecological footprint by 0.32%, while a 1% decrease in physical infrastructure decreases the ecological footprint by 0.33% in the long run. Similarly, a 1% increase in trade openness causes a 0.09% increase in the ecological footprint in the long term, while a 1% reduction in trade openness causes a 0.61% reduction in the ecological footprint. The results also conclude that urbanization is a major determinant of Pakistan’s long-term ecological footprint. Thus, a 1% increase in urbanization causes a 1.31% increase in the ecological footprint in the long run. Finally, this study recommends that policies regarding physical infrastructure be formulated keeping in view its environmental impact. In addition, strict environmental policies should be implemented to reduce the environmental degradation effect of trade openness.

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“…Second, the prerequisite for using ARDL and NARDL model is to test the stationarity of time series data [ 98 ]. The ADF [ 90 ] and PP [ 91 ] tests examine each data series for unit root.…”

Section: Resultsmentioning

confidence: 99%

Assessing the asymmetric impact of physical infrastructure and trade openness on ecological footprint: An empirical evidence from Pakistan

et al. 2022

View full text Add to dashboard Cite

show abstract

“…2 The volatility in prices of aquatic products can reflect the supply and demand of the aquatic products market and the functioning of market mechanisms. 3 However, frequent and significant price volatility not only impacts people's consumption but also affects fishery production. Therefore, ensuring reasonable price volatility and maintaining stability in the aquatic products market are crucial factors in achieving sustainable development in China's fisheries industry.…”

Section: Introductionmentioning

confidence: 99%

Price volatility characteristics and policy implications of freshwater fish in China

Wang,

Zhao,

Jin

et al. 2024

Israeli Journal of Aquaculture - Bamidgeh

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The fisheries industry in China is experiencing rapid growth, but it is also encountering the challenge of frequent fluctuations in aquatic product prices. Freshwater fish aquaculture plays a crucial role in China’s fisheries industry. Analyzing the characteristics of price volatility in freshwater fish is crucial to ensure a stable supply of aquatic products and promote sustainable fisheries industry development. This study focuses on four freshwater fish species, namely crucian carp, grass carp, silver carp, and carp, to analyze the price volatility characteristics of freshwater fish in China from 2006 to 2022. The study uses the price decomposition method and the ARCH model. The results indicate that, from the perspective of dominant characteristics of price volatility, the prices of freshwater fish display periodic volatility with an overall upward trend, as well as significant seasonal and random variations. From the perspective of recessive price volatility characteristics, the price volatility of freshwater fish exhibits clustering and asymmetry. This indicates that the price volatility of freshwater fish is influenced by previous price volatility. Positive news has a greater impact on the price volatility of freshwater fish than negative news. Out of the four freshwater fish species, only the price of crucian carp is characterized by high-risk and high-return volatility.

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“…In addition, the NARDL model has recently been used for measuring the price transmission asymmetry in different countries [34][35][36][37]. In this context and to the best of the author's knowledge no work has been done on the onion price transmission asymmetric analysis by using the NARDL approach in Bangladesh.…”

Section: Introductionmentioning

confidence: 99%

Spatial price transmission in the onion markets of Bangladesh: An application of NARDL approach

et al. 2023

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As the price of local onions is greatly impacted by the price of imported onions at these two levels of the supply chain, the goal of this study was to ascertain whether onion prices in Bangladesh are transmitted asymmetrically at the wholesale and retail levels. To analyze asymmetry, the study employed the nonlinear autoregressive distributed lag (NARDL) model in the short and long run using monthly time series data from January 2006 to December 2020. The NARDL model captures the effects of both positive and negative shocks in the short as well as in the long run. The empirical results from the NARDL indicate that the wholesale price of local onion shares a short-run relationship with the wholesale price of imported onion while the local retail price of onion shares a long-run relationship with the imported retail price of onion. In addition, the short-run impact of local wholesale and imported wholesale prices is asymmetric. Long-run evidence supports the existence of an asymmetric effect between the local and imported retail onion prices. Using the Pairwise Granger causality test, we examined the causal relationships between wholesale and retail prices. The direction of the casual relationship indicates that the wholesale and retail prices of imported onions lead to the wholesale and retail prices of local onions. A clear understanding of the onion market, how prices move between market actors, and its role in determining market price interaction could be gained by analyzing the asymmetric relationship between the local and imported onion prices. As a result, significant policy recommendations could be made to control the onion price in Bangladesh.

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Analysis of Dairy Product Price Transmission in Hungary: A Nonlinear ARDL Model

Cited by 11 publications

References 30 publications

Assessing the asymmetric impact of physical infrastructure and trade openness on ecological footprint: An empirical evidence from Pakistan

Assessing the asymmetric impact of physical infrastructure and trade openness on ecological footprint: An empirical evidence from Pakistan

Price volatility characteristics and policy implications of freshwater fish in China

Spatial price transmission in the onion markets of Bangladesh: An application of NARDL approach

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