Reviews Articles
Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical Issues
Published 2012-03-23
Keywords
- price transmission,
- cointegration,
- VECM,
- volatility
How to Cite
Listorti, G., & Esposti, R. (2012). Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical Issues. Bio-Based and Applied Economics, 1(1), 81–108. https://doi.org/10.13128/BAE-10769
Abstract
Following the dramatic changes experienced by the prices of agricultural commodities in 2007-2008, the analysis of horizontal price transmission mechanisms in agricultural markets has attracted renewed interest. In particular, this has led to the emergence of new challenges for the empirical analysis. How to model the increasing volatility and non linear behaviour of prices, to assess the impact of the policy responses to market turbulence, and how to account for the increasing interconnections between agricultural and non-agricultural commodity markets are amongst the most investigated issues. Building on a common analytical framework, this paper discusses and reviews the most recent methodological developments and empirical contributions in the field.Metrics
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