Effect on the International Price of Maize on the Retail Price of Broiler Chicken in Costa Rica

Javier Paniagua Molina, Johanna Solórzano Thompson and David Barboza Navarro

International Journal of Food and Agricultural Economics (IJFAEC), 2022, vol. 10, issue 4

Abstract: This paper presents the results of an investigation carried out with the objective of estimating the impact of variations in maize international price on the poultry meat domestic price in Costa Rica. For the transmission of international price to CIF import price of maize (main ingredient in the chicken diet), a distributed lag autoregressive model was used after testing for cointegration of time series. The selling price to the final consumer was modeled with a reduced-form structural model. The results show how the international price of maize has an important impact on the formation of domestic chicken meat prices and requires that this be considered in the design of policies to reduce the dependence on the international price, which has a negative impact on the price in cases of unexpected increases or shocks.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Demand and Price Analysis; International Relations/Trade; Political Economy (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/329631/files/vol10.no4.pp355.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ijfaec:329631

DOI: 10.22004/ag.econ.329631

Access Statistics for this article

More articles in International Journal of Food and Agricultural Economics (IJFAEC) from Alanya Alaaddin Keykubat University, Department of Economics and Finance Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().