MARKET ADJUSTMENT INSIGHTS: PRIMARY VS. SECONDARY DATA

Jonathan T. Hornung and Clement Ward

No 36268, 2004 Annual Meeting, June 30-July 2, 2004, Honolulu, Hawaii from Western Agricultural Economics Association

Abstract: Producers, researchers, and policy makers have an interest in market effects from meatpacking plant closings and openings. This paper presents results from a study taking a dual approach to determining impacts from an anticipated hog slaughtering plant opening and an unexpected fed cattle slaughtering plant closing. Secondary data are used in a price differences and partial adjustment model. Primary data are used in a logit model. Results indicate a clearer price effect from the plant opening than the plant closing. Primary data provide additional insight into the dynamics related to the two plant events.

Keywords: Industrial; Organization (search for similar items in EconPapers)
Pages: 16
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeaho:36268

DOI: 10.22004/ag.econ.36268

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