Symmetry in farm-retail price transmission: pork in Malaysia

TEY (John) Yeong-Sheng ()

MPRA Paper from University Library of Munich, Germany

Abstract: This study intends to determine the farm-retail price transmission behaviors of pork in Malaysia to serve as a good implication for pork pricing system in Malaysia. Using data from January 1997 to December 2008, both the Houck and ECM approaches were found symmetric where a change in farm price of pork was observed to have similar change in retail price of pork in Malaysia. The price setting system of pork can therefore be further described by the estimated price transmission elasticities where retail price is very sensitive to the changes in farm price. A change in farm price is expected to result in a bigger change in retail price of pork while other things remain unchanged.

Keywords: symmetry; pork; elasticity of price transmission (search for similar items in EconPapers)
JEL-codes: Q11 Q13 (search for similar items in EconPapers)
Date: 2009-08-01
New Economics Papers: this item is included in nep-agr and nep-sea
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