Asymmetric price transmission in the Spanish lamb sector

Ben‐Kaabia, Monia; Gil, José M.

doi:10.1093/erae/jbm009

Cited by 80 publications

(55 citation statements)

References 42 publications

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“…By making use of these techniques, several analyses have found that price shocks at one level of the marketing chain elicit different responses at other levels, depending on whether the shocks are positive or negative (see, for example, Goodwin and Piggott, 2001;Serra and Goodwin, 2003;Ben Kaabia and Gil, 2007). Another common finding of previous analyses is that prices at the retail level are sticky or slowly-responsive to price changes at other levels of the marketing chain.…”

Section: Previous Research: a Literature Reviewmentioning

confidence: 99%

Price transmission in the Spanish bovine sector: the BSE effect

Hassouneh

Serra

Gil

2010

Agricultural Economics

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A regime-switching vector error correction model is applied to monthly price data to assess the impact of BSE outbreaks on price relationships and patterns of transmission among farm and retail markets for bovine in Spain. To evaluate the degree to which price transmission is affected by BSE food scares, a BSE food scare index is developed and used to determine regime-switching.Results suggest that BSE scares affect beef producers and retailers differently. Consumer prices are found to be weakly exogenous and not found to react to BSE scares, while producer prices conversely adjusted. The magnitude of the adjustment is found to depend on the magnitude of the BSE scare.

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Section: Previous Research: a Literature Reviewmentioning

confidence: 99%

Price transmission in the Spanish bovine sector: the BSE effect

Hassouneh

Serra

Gil

2010

Agricultural Economics

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“…A study conducted in Spain by Kaabia and Gil [15] , underlines that the main determinant factors playing a role in the change of marketing margins should be investigated, that market structures and degree of market-oriented integration as well as other meat sectors and products with different characteristics (branded products, processed products, long-life products, etc.) should be dealt with.…”

Section: Discussionmentioning

confidence: 99%

Türkiye’de Ankara İli Örneğinde Dana ve Kuzu Eti Pazarlamasında Oluşan Aracı Marjlarının Araştırılması

Aral¹,

Çevrimli²,

Akdoğan³

et al. 2016

Kafkas Univ Vet Fak Derg

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This research was conducted to determine intermediary margins in the marketing system of slaughtering animals and meat in Ankara Province of Turkey in the form of livestock-wholesale, wholesale-retail and livestock-retail. The material of the study consists of the records of sale transactions in the livestock and meat exchanges subject to Ankara Commodity Exchange. Intermediary margins (2008)(2009)(2010)(2011) in marketing were calculated with current and fixed prices in percentages, making use of the producer price index (PPI) and consumer price index (CPI) of the Turkish Statistical Institute with 2003 set as the base year to rule out the effect of inflation. The study revealed that average livestock-wholesale marketing margins of beef were 18.96%, 19.94%, 16.69%, 11.25%, average wholesale-retail marketing margins of beef were 38.94%, 34.85%, 32.41%, 35.75%, and average livestockretail marketing margins of beef were 47.71%, 45.34%, 40.99%, 39.48% respectively with fixed prices. The calculations based on monthly averages of livestock-retail intermediary margins showed that the share of producer in the retail beef price varied in a wide range, between 47.05% and 66.32%. On the other hand, a high level of correlation was found between retail beef prices and live cattle, wholesale beef prices, livestock-wholesale, wholesaleretail and livestock-retail marketing margins (p<0.01). In this study, average current livestock-wholesale margins were 18.41%, 26.99%, 18.55%, 20.08%, wholesale-retail margins were 27.72%, 27.89%, 29.70%, 28.50% and livestock-retail margins in lamb meat marketing were 38.23%, 45.12%, 39.83%, 40.13% respectively. In the same period, the share transferred to the producer through current retail sales prices of lamb meat was 59.17% as average. The correlation was found significantly as r=+0.936 and r=+0.960 (P<0.01) between fixed and current intermediary margins for livestock-retail and fixed and current retail lamb prices in marketing. As a result, due to the high level intermediary margins of beef and lamb meat marketing, red meat prices is increasing in Turkey. The possible reduction of the intermediary margins at each stage in marketing structure will provide to buy meat from the appropriate prices by the consumers and to contribute market regulation. Keywords: Marketing, Slaughtering animal, Beef and lamb meat, Price, Intermediary margin Türkiye'de Ankara İli Örneğinde Dana ve Kuzu Eti Pazarlamasında Oluşan Aracı Marjlarının Araştırılması ÖzetBu araştırma, Türkiye'de Ankara ili örneğinde kasaplık dana ve kuzu ile dana ve kuzu eti pazarlama sistemi içerisinde oluşan aracı marjlarının canlı-toptan, toptan-perakende ve canlı-perakende olmak üzere belirlenmesi amacıyla yürütülmüştür. Araştırmanın materyalini Ankara Ticaret Borsasına bağlı canlı hayvan ve et borsalarında gerçekleştirilen satış işlemlerine ilişkin kayıtlar oluşturmuştur. Pazarlamadaki aracı marjları (2008)(2009)(2010)(2011), enflasyon etkisini ortadan kaldırmak için Türkiye İstatistik Kurumu'nun üretici fiyat endeksi (ÜFE) v...

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“…For instance, Goodwin and Piggott (2001) on corn and soya in North Carolina; Serra et al (2006) looked to the US egg market; Ben-Kaabia and Gil (2007) have analysed price transmission in the Spanish lamb sector; Balcombe et al (2007) looked at Brazilian wheat, maize and soya prices; Brümmer et al (2009) at wheat and flour market in Ukraine; Hassouneh et al (2010) at Spanish bovine market and the BSE effect; Abdulai (2000) and AnkamahYeboah (2012) to the maize market in Ghana. Fackler and Goodwin (2001) indicated correlation coefficient as an "initial descriptive device" for studies on market integration.…”

Section: Literature Reviewmentioning

confidence: 99%