Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical Issues
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 analysi...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Firenze University Press
2012-03-01
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| Series: | Bio-based and Applied Economics |
| Subjects: | |
| Online Access: | https://oaj.fupress.net/index.php/bae/article/view/3220 |
| _version_ | 1818838708983431168 |
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| author | Giulia Listorti Roberto Esposti |
| author_facet | Giulia Listorti Roberto Esposti |
| author_sort | Giulia Listorti |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-19T03:42:42Z |
| format | Article |
| id | doaj.art-08aa59c68dab41e886260c0f0f504433 |
| institution | Directory Open Access Journal |
| issn | 2280-6180 2280-6172 |
| language | English |
| last_indexed | 2024-12-19T03:42:42Z |
| publishDate | 2012-03-01 |
| publisher | Firenze University Press |
| record_format | Article |
| series | Bio-based and Applied Economics |
| spelling | doaj.art-08aa59c68dab41e886260c0f0f5044332022-12-21T20:37:12ZengFirenze University PressBio-based and Applied Economics2280-61802280-61722012-03-011110.13128/BAE-107699789Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical IssuesGiulia Listorti0Roberto EspostiUniversità di BolognaFollowing 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.https://oaj.fupress.net/index.php/bae/article/view/3220price transmissioncointegrationVECMvolatility |
| spellingShingle | Giulia Listorti Roberto Esposti Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical Issues Bio-based and Applied Economics price transmission cointegration VECM volatility |
| title | Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical Issues |
| title_full | Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical Issues |
| title_fullStr | Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical Issues |
| title_full_unstemmed | Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical Issues |
| title_short | Horizontal Price Transmission in Agricultural Markets: Fundamental Concepts and Open Empirical Issues |
| title_sort | horizontal price transmission in agricultural markets fundamental concepts and open empirical issues |
| topic | price transmission cointegration VECM volatility |
| url | https://oaj.fupress.net/index.php/bae/article/view/3220 |
| work_keys_str_mv | AT giulialistorti horizontalpricetransmissioninagriculturalmarketsfundamentalconceptsandopenempiricalissues AT robertoesposti horizontalpricetransmissioninagriculturalmarketsfundamentalconceptsandopenempiricalissues |