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Non-negligible transaction costs restrict the transmission of price shock between markets. The aim of this work was to analyze the effects of transaction costs on the spatial integration of the internal market for chicken meat, from 1998 to 2007. The applied methodology was based on the Threshold Cointegration Analysis. The results indicate the presence of significant barriers to the price transmission between the markets, existing probably due to the transaction costs. Prices are not very sensitive to eventual deviations of the long run equilibrium. It could also be noted that a relatively long period is necessary to eliminate price shocks, and the price transmission process is asymmetric.

Keywords: Market integration ; Transaction costs ; Chicken meat ; Cointegration ; Threshold

Variant title: Transmission of prices between regional markets for chicken meat in Brazil

Subject(s): Demand and Price Analysis

Issue Date: 2010

Publication Type: Journal Article

DOI and Other Identifiers: 1679-1614 (Other)

PURL Identifier: http://purl.umn.edu/94798 Published in: Revista de Economia e Agronegócio / Brazilian Review of Economics and Agribusiness, Volume 08, Number 1 Page range: 75-98

Total Pages: 23

Record appears in: Federal University of Vicosa, Brazil > Department of Agricultural Economics > Revista de Economia e Agronegócio / Brazilian Review of Economics and Agribusiness





Autor: Mattos, Leonardo Bornacki de ; Lirio, Viviani Silva ; Lima, Joao Eustaquio de ; Campos, Antonio Carvalho

Fuente: http://ageconsearch.umn.edu/record/94798?ln=en







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