POWIĄZANIA CENOWE NA EUROPEJSKIM RYNKU BARANINY. 2 ANALIZA EKONOMETRYCZNA
PRICE LINKAGES ON THE EUROPEAN LAMB MARKET. 2 AN ECONOMETRIC ANALYSIS
Author(s): Stanisław GędekSubject(s): National Economy, EU-Accession / EU-DEvelopment, Financial Markets
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: lamb price; VAR model; impulse response function;
Summary/Abstract: The VAR model was used in the analysis of price linkages on the 4 lamb market of selected EU countries. Impulse response function (IRF), 5 the result of VAR model estimation, was used to describe the price 6 adjustment dynamics. Decomposition of variance of the forecast error was 7 used to determine the share of price volatility in individual markets in 8 explaining the price volatility on the other markets. Obtained results indicates 9 that the price linkages on the European lamb market were very strong. The 10 parameters of that linkages were time-varying and price impulses flowed 11 mainly from the Spanish and Irish markets to the markets of the main lamb 12 meat consumers.
Journal: Metody Ilościowe w Badaniach Ekonomicznych
- Issue Year: XIX/2018
- Issue No: 3
- Page Range: 218-227
- Page Count: 10
- Language: Polish