Hog price transmission in Global markets: China EU and U.S

Ying Tan and Hector O. Zapata

No 162540, 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas from Southern Agricultural Economics Association

Abstract: This paper analyzes the twelve years monthly hog price data from the Chinese ,U.S, and EU markets. The study’s methodology includes cointegration tests and VECM, followed by tests for Granger Causality. The analysis provides a broad view of international hog markets price linkage and price transmission mechanism. There are several results: first, rather weak price linkages are found among the the three markets; second, China is the least price responsive and the EU is the most price responsive market; third, the hypothesis of Granger causality is confirmed between the Chinese and the EU market prices but not in both directions; fourth, U.S. hog prices responds noticeably to a shock in the EU price but mildly to the shocks in the Chinese hog price.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 15
Date: 2014-02-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea14:162540

DOI: 10.22004/ag.econ.162540

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