Tey, (John) Yeong-Sheng (2009): Symmetry in farm-retail price transmission: pork in Malaysia.
This is the latest version of this item.
Download (412Kb) | Preview
This study intends to determine the farm-retail price transmission behaviors of pork in Malaysia to serve as a good implication for pork pricing system in Malaysia. Using data from January 1997 to December 2008, both the Houck and ECM approaches were found symmetric where a change in farm price of pork was observed to have similar change in retail price of pork in Malaysia. The price setting system of pork can therefore be further described by the estimated price transmission elasticities where retail price is very sensitive to the changes in farm price. A change in farm price is expected to result in a bigger change in retail price of pork while other things remain unchanged.
|Item Type:||MPRA Paper|
|Original Title:||Symmetry in farm-retail price transmission: pork in Malaysia|
|Keywords:||symmetry, pork, elasticity of price transmission|
|Subjects:||Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q1 - Agriculture > Q11 - Aggregate Supply and Demand Analysis; Prices
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q1 - Agriculture > Q13 - Agricultural Markets and Marketing; Cooperatives; Agribusiness
|Depositing User:||(John) Yeong-Sheng TEY|
|Date Deposited:||10. Aug 2009 09:35|
|Last Modified:||12. Feb 2013 12:42|
Aguiar, D. and Santana, J.A. (2002). Asymmetry in Farm to Retail Price Transmission: Evidence for Brazil. Agribusiness, 18, 37-48.
Bailey D. and Brorsen, B.W. (1989). Price Asymmetry in Spatial Fed Cattle Markets. Western Journal of Agricultural Economics, 14, 246-252.
Bernard, J.C. and Willett, L.S. (1996). Asymmetric Price Relationship in the U.S. Broiler Industry. Journal of Agricultural and Applied Economics, 28, 279-289.
Boyd, S.M. and Brorsen, B.W. (1988). Price Asymmetry in U.S. Pork Marketing Channel. North Central Journal of Agricultural Economics, 10, 103-110.
Capps, Jr., O. and Sherwell, P. (2007). Alternative Approaches in Detecting Asymmetry in Farm-Retail Price Transmission of Fluid Milk. Agribusiness: An International Journal, 23(3), 313-331.
Cramon-Taubadel, S.V. and Loy, J.P. (1999). The Identification of Asymmetric Price Transmission Processes with Integrated Time Series. Jahrbucher for Nationalokonomie und Statistik, 218, 85-106.
Dickerson, M.L. (2003). Analysis of Farm-to-Retail Price Spreads for Whole and Two Percent Milk in Seven Selected Cities [M.S. thesis]: Texas A&M University, Texas.
Ferris, J. (1988). Agricultural Prices and Commodity Market Analysis. WCB McGraw-Hill. Michigan State University Press.
Gardner B.L. (1975). The Farm-Retail Price Spread in a Competitive Food Industry. Journal of Agricultural Economics, 57: 399–409
Granger, C.W.J. and Lee, T.H. (1989). Investigation of Production, Sales, and Inventory Relationships Using Multicointegration and Non-Symmetric Error Correction Models. Journal of Applied Economics, 4, 145-159.
Hahn, W.F. (1990). Price Transmission Asymmetry in Pork and Beef Markets. The Journal of Agricultural Economics Research, 42, 21-30.
Heien, D.M. (1980). Markup Pricing in a Dynamic Model of the Food Industry. American Journal of Agricultural Economics, 62: 10-18.
Houck, P.J. (1977). An Approach to Specifying and Estimating Non-Reversible Functions. American Journal of Agricultural Economics, 59, 570-572.
Kinnucan, H.W. and Forker, O.D. (1987). Asymmetry in Farm-Retail Price Transmission for Major Dairy Products. American Journal of Agricultural Economics, 69: 285-292.
Ministry of Agriculture and Agro-based Industries, 2009, Malaysia.
Punyawadee, V., Boyd M.S. and Faminow, M.D. (1991). Testing for Asymmetric Pricing in the Alberta Pork Market. Canadian Journal of Agricultural Economics, 39, 493-501.
Tey, Y.S. (2009). A Managerial Economist’s Forecast for Meat Consumption in Malaysia: Implications to Farmers and Investors. Munich Personal RePec Archive, Paper No. 14810.
Tey, Y.S., Stringer, R. and Umberger, W. (2009). Farm-Retail Price Spread for Pork in Malaysia. Munich Personal RePec Archive, Paper No. 14532.
The Ministry of Domestic Trade and Consumer Affairs in Malaysia, 2009, Malaysia.
Von Cramon-Taubadel, S. and Meyer, J. (2000). Asymmetric Price Transmission: Fact or Artifact? Department of Agricultural Economics, Gottingen, Germany, Working Paper.
Ward, R.W. (1982). Asymmetry in Retail, Wholesale and Shipping Point Pricing for Fresh Vegetables. American Journal of Agricultural Economics, 64, 205-212.
Wohlgenant, M. and Mullen, J. (1987). Modeling the Farm-Retail Price Spread for Beef. Western Journal of Agricultural Economics, 12: 119-125.
Zhang, P., Fletcher, S.M. and Carley, D.H. (1995). Peanut Price Transmission Asymmetry in Peanut Butter. Agribusiness, 115, 13-20.
Available Versions of this Item
- Symmetry in farm-retail price transmission: pork in Malaysia. (deposited 10. Aug 2009 09:35) [Currently Displayed]