Spatial Integration and Asymmetric Price Transmission in Selected Iranian Chicken Markets

Azadeh Falsafian and Reza Moghaddasi

No 44163, 2008 International Congress, August 26-29, 2008, Ghent, Belgium from European Association of Agricultural Economists

Abstract: This study evaluates pattern of price adjustments in selected spatially separated chicken markets in Iran using weekly price data from 1998:17 to 2006:41 including 441 observations in total. The results of Tsay’s test suggest that threshold behavior characterize spatial price linkages among the selected markets that imply on using the threshold models. We use the multi-dimensional (two and three regime) threshold cointegration of TAR and M-TAR models. Our results confirm the different speed of adjustment in response to positive and negative shocks in every case. We also utilize impulse response function to investigate dynamic patterns of adjustments in response to shocks.

Keywords: International Relations/Trade; Marketing (search for similar items in EconPapers)
Pages: 6
Date: 2008
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae08:44163

DOI: 10.22004/ag.econ.44163

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