Econometric Analysis of Milk Value Chain

Matulová, Kateřina; Bubáková, Petra; Skubna, Ondrej; Taussigova, Tereza

doi:10.22004/ag.econ.99222

Cited by 3 publications

(1 citation statement)

References 3 publications

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“…According to the research of Kurajdová et al [ 71 ], consumers attach great importance to the health and taste of dairy products, and these two factors directly affect consumers’ purchasing decisions. Matulová et al [ 72 ] reported that the price of dairy products is affected by the existence of retail chains, and the number of retail chains is closely related to the price of dairy products. Retail chain stores can transfer the effects of market changes (mainly negative effects) to dairy product companies.…”

Section: Background and Hypothesis Developmentmentioning

confidence: 99%

Effects of the COVID-19 Pandemic on Dairy Consumption Trends: An Empirical Investigation of Accounting Data in China

Chen,

Yang,

Lin

2024

Foods

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The COVID-19 pandemic may have had a negative impact on dairy consumption trends. Many dairy products are perishable and have relatively high income elasticity, causing their susceptibility to market fluctuations in general, including those specifically caused by the pandemic. However, the pandemic has also brought some other prospective possibilities. For example, during the pandemic, people paid more attention to nutrition and health issues and increased the number of meals prepared and eaten at home. In consideration of the particular circumstances during the pandemic, the Chinese government issued several policies to promote the population’s dairy consumption, and the Chinese dairy cattle sector actively implemented the policy of “guarantee price, quality, and supply”. These factors may have caused the Chinese population to increase their consumption of dairy products during the pandemic. Before the pandemic, the consumption of dairy products in the Chinese population showed an overall upward trend. The question addressed in this study is how has COVID-19 affected dairy consumption trends during the pandemic? This study uses accounting data from the Chinese dairy cattle sector to empirically analyze the impact of the COVID-19 pandemic on dairy consumption trends through economic theories and translog revenue function. Our study found that COVID-19 increased consumers’ consumption of dairy products in China, but those people experiencing poverty may still have experienced inadequate dairy intake. This study has contributed to the body of work in this area in the literature and provides response strategies for the dairy cattle sector and the authorities.

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Section: Background and Hypothesis Developmentmentioning

confidence: 99%

Effects of the COVID-19 Pandemic on Dairy Consumption Trends: An Empirical Investigation of Accounting Data in China

Chen,

Yang,

Lin

2024

Foods

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Vertical price transmission analysis: the case of milk in the Slovak dairy sector

Lajdova

Bielik

2013

APSTRACT

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Abstract:Testing for nature price transmission and calculating elasticities of price transmission are important areas of research for providing insights into market efficiency issues. Symmetric or asymmetric price transmission has been the subject of considerable attention in agricultural economics. The concept of the price transmission is an important area of the research particularly in relation to the assessment of impact on the welfare of the vertical entities. The main goal of the paper is an analysis of the price transmission and its exploitation in case of price elasticity estimation in dairy sector. Work investigates vertical price transmission of milk in the Slovak agri-food chain. The research is based on Vector Error Correction Model (VECM) of the selected commodities at producer, processor and consumer level and the estimation of the parameters specified in the model. Moreover the paper determines the coefficient of elasticity of price transmission (EPT).

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Application of System Thinking Approach in Identifying the Challenges of Beef Value Chain

Alizadeh¹,

Mohammadi²,

Shahnoushi³

et al. 2020

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Econometric Analysis of Milk Value Chain

Cited by 3 publications

References 3 publications

Effects of the COVID-19 Pandemic on Dairy Consumption Trends: An Empirical Investigation of Accounting Data in China

Effects of the COVID-19 Pandemic on Dairy Consumption Trends: An Empirical Investigation of Accounting Data in China

Vertical price transmission analysis: the case of milk in the Slovak dairy sector

Application of System Thinking Approach in Identifying the Challenges of Beef Value Chain

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