Asymmetric Price Transmission in Food Supply Chains: Impulse Response Analysis by Local Projections

Erno Kuiper and Frank H.J. Bunte

No 114679, 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland from European Association of Agricultural Economists

Abstract: In this paper we set out Jorda’s (2005) method of local projections by which nonlinear impulse responses can be computed without the need to specify and estimate the underlying nonlinear dynamic system. The method is used to compute price reaction functions that show how the prices of the different stages in the supply chain dynamically respond to one another and whether or not these responses reveal any asymmetric patterns. Empirical applications for the US pork-meat and broiler composite chains illustrate the convenience of the method.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 12
Date: 2011-09-02
New Economics Papers: this item is included in nep-ecm
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae11:114679

DOI: 10.22004/ag.econ.114679

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