Using threshold co-integration to estimate asymmetric price transmission in the Turkish milk market
نویسندگان
چکیده
We investigate the price dynamics between retail milk and raw in Turkish fluid market. The study uses monthly prices for 14 years January 2003 December 2016. analyze adjustment market through an asymmetric error correction model with threshold co-integration. find that transmission two has been both long term short period. Differences farm may exist due to marketing costs across supply chain pricing policies associated structure. Results of long-run analysis indicate a significant power Therefore, this case, deviations are likely be reason processors/retailers oligopolistic structure sector.
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ژورنال
عنوان ژورنال: New Medit
سال: 2021
ISSN: ['2611-1128', '1594-5685']
DOI: https://doi.org/10.30682/nm2101i