Price transmission across the U.S. food distribution system

Hyeyoung Kim and Ronald Ward

Food Policy, 2013, vol. 41, issue C, 226-236

Abstract: Price transmission models are estimated using recursive methods across 100 food commodities. From the individual commodities, short- and long-run price transmission coefficients are estimated for rising and falling prices. These coefficients are classified into five commodity categories and expressed as one vector while coding for causality, market levels, rising/falling prices, short and long run, and time period. Then the impact of each variable is estimated and inferences are drawn about the degree of price transmission. Results show that price linkages are strong but slightly declining over time, with some evidence of asymmetric behavior. Long-run rising prices are passed through more than long-run falling prices, except for fruits and vegetables.

Keywords: Asymmetry models; Price linkages; Recursive parameters; Transmission speed (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306919213000572
Full text for ScienceDirect subscribers only

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:eee:jfpoli:v:41:y:2013:i:c:p:226-236

DOI: 10.1016/j.foodpol.2013.05.006

Access Statistics for this article

Food Policy is currently edited by J. Kydd

More articles in Food Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().