Vertical price transmission in the US beef sector: Evidence from the nonlinear ARDL model

Panos Fousekis, Constantinos Katrakilidis and Emmanouil Trachanas

Economic Modelling, 2016, vol. 52, issue PB, 499-506

Abstract: The objective of this work is to investigate vertical price transmission in the US beef sector. To this end, it employs the Nonlinear ARDL model which allows prices to be tied by asymmetric relationships both in the long- as well as in the short-run. The empirical results indicate the presence of asymmetry in magnitude for the pair of markets farm-wholesale and the presence of both asymmetry in speed and asymmetry in magnitude for the pair of markets wholesale-retail. The difference between the long-run elasticities of price transmission is more important from the wholesale to retail level than from the farm to the wholesale level.

Keywords: US beef sector; Asymmetric price transmission; Nonlinear ARDL model (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (64)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:52:y:2016:i:pb:p:499-506

DOI: 10.1016/j.econmod.2015.09.030

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