Price Transmission, Threshold Behavior, and Asymmetric Adjustment in the U.S. Pork Sector

Barry Goodwin () and Daniel C. Harper

Journal of Agricultural and Applied Economics, 2000, vol. 32, issue 3, 543-553

Abstract: The US pork sector has experienced many significant structural changes in recent years. Such changes may have influenced price dynamics and transmission of shocks through marketing channels. We investigate linkages among farm, wholesale, and retail markets using weekly price data for the period covering 1987 through 1998. Our analysis uses a threshold cointegration model that permits asymmetric adjustment to positive and negative price shocks. Our results reveal important asymmetries. Our results are consistent with existing literature which has determined that price adjustment patterns are unidirectional and that information tends to flow from farm, to wholesale, to retail markets.

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (69)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
Journal Article: PRICE TRANSMISSION, THRESHOLD BEHAVIOR, AND ASYMMETRIC ADJUSTMENT IN THE U.S. PORK SECTOR (2000)
Working Paper: PRICE TRANSMISSION, THRESHOLD BEHAVIOR, AND ASYMMETRIC ADJUSTMENT IN THE U.S. PORK SECTOR (1999)
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:cup:jagaec:v:32:y:2000:i:03:p:543-553_02

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().