Price transmission and asymmetric adjustment in the Spanish dairy sector
Teresa Serra and
Barry Goodwin ()
Applied Economics, 2003, vol. 35, issue 18, 1889-1899
Abstract:
Asymmetric threshold vector error correction models are applied to monthly price data to analyse price relationships and patterns of transmission among farm and retail markets for a variety of dairy products in Spain. The results suggest that asymmetries affect a conspicuous part of the raw milk processed in Spain. Implications for the organizational structure of Spanish dairy markets are offered.
Date: 2003
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Working Paper: PRICE TRANSMISSION AND ASYMMETRIC ADJUSTMENT IN THE SPANISH DAIRY SECTOR (2002) 
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DOI: 10.1080/00036840310001628774
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