A time series analysis of Danish markets for pork, chicken, and beef
Research output: Contribution to journal › Journal article › Research › peer-review
We offer a first-time empirical depiction of Danish dynamic meat price/quantity transmissions by formulating, estimating, and testing a VAR model of market-clearing quantities and prices of the Danish pork, chicken, and beef markets. The analysis illuminates how these markets dynamically handle shocks, and it is demonstrated that: (i) The three meats are close substitutes; (ii) chicken and pork market shocks have own-market and cross-market effects that occur rapidly and swiftly, while beef market shocks have more enduring impacts on pork and chicken markets; (iii) prices are in general more endogenous than quantities, and (iv) the price of chicken is much more endogenous than the prices of pork and beef.
|Journal||Acta Agriculturæ Scandinavica C - Food Economics|
|Number of pages||16|
|Publication status||Published - 2007|
- Former LIFE faculty - Danish meat markets, cointegrated vector autoregression model