Title: Price volatility and price leadership in the EU beef and pork meat market
Publisher: Springer Science + Business Media, LLC
Publication Year: 2011
JRC N°: JRC62830
ISBN: 978-1-4419-7633-8
URI: http://www.springer.com/economics/agricultural+economics/book/978-1-4419-7633-8
DOI: 10.1007/978-1-4419-7634-5_1
Type: Articles in periodicals and books
Abstract: This chapter investigates price dynamics of bovine and porcine production for the European Union (EU) as a whole and for each Member States (MS). The variability of production price series and the correlation between Member States price and the EU price are analysed. Furthermore, several time series models are tested in order to identify the stochastic process generated these prices. Results show a higher dispersion of prices at the MS level. Correlation between MS prices and the EU price have increased since 2003 for bovine production and decreased for porcine production. The existence of a common price process between the EU and MS prices cannot be supported as the leadership of the EU price in the bovine and porcine EU meat market.
JRC Directorate:Growth and Innovation

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