THE INTEGRATION OF PIGMEAT MARKETS IN THE EU. EVIDENCE FROM A REGULAR MIXED VINE COPULA

The objective of this work is to investigate the degree of integration of national pigmeat markets in the EU. This is pursued using monthly wholesale prices from seven major markets and the statistical tool of mixed R-vine copulas. The empirical results suggest that the markets considered do not constitute a great pool in which prices move, boom, and crash together. The markets of Belgium, Germany, and the Netherlands exhibit a higher degree of integration relative to the others, whereas the Italian market exhibits a lower degree of integration. Also, there is an indication that, in certain cases, the benefits of free trade may be unequally distributed between the trading partners.


Issue Date:
Mar 12 2016
Publication Type:
Journal Article
DOI and Other Identifiers:
doi: 10.15414/raae.2016.19.01.03-12 (Other)
PURL Identifier:
http://purl.umn.edu/254146
Published in:
Review of Agricultural and Applied Economics (RAAE), Volume 19, Number 1
Page range:
3-12
Total Pages:
10
JEL Codes:
Q13; C10
Note:
http://roaae.org/issue/review-of-agricultural-and-applied-economics-raae-vol-19-no-12016/?article=the-integration-of-pigmeat-markets-in-the-eu-evidence-from-a-regular-mixed-vine-copula




 Record created 2017-04-01, last modified 2017-08-29

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)