A time series analysis of Danish markets for pork, chicken, and beef

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

A time series analysis of Danish markets for pork, chicken, and beef. / Andersen, Lill; Babula, Ronald; Hartmann, Helene; Rasmussen, Martin Magelund.

In: Acta Agriculturæ Scandinavica C - Food Economics, Vol. 4, No. 2, 2007, p. 103-118.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Andersen, L, Babula, R, Hartmann, H & Rasmussen, MM 2007, 'A time series analysis of Danish markets for pork, chicken, and beef', Acta Agriculturæ Scandinavica C - Food Economics, vol. 4, no. 2, pp. 103-118. https://doi.org/10.1080/16507540701439787

APA

Andersen, L., Babula, R., Hartmann, H., & Rasmussen, M. M. (2007). A time series analysis of Danish markets for pork, chicken, and beef. Acta Agriculturæ Scandinavica C - Food Economics, 4(2), 103-118. https://doi.org/10.1080/16507540701439787

Vancouver

Andersen L, Babula R, Hartmann H, Rasmussen MM. A time series analysis of Danish markets for pork, chicken, and beef. Acta Agriculturæ Scandinavica C - Food Economics. 2007;4(2):103-118. https://doi.org/10.1080/16507540701439787

Author

Andersen, Lill ; Babula, Ronald ; Hartmann, Helene ; Rasmussen, Martin Magelund. / A time series analysis of Danish markets for pork, chicken, and beef. In: Acta Agriculturæ Scandinavica C - Food Economics. 2007 ; Vol. 4, No. 2. pp. 103-118.

Bibtex

@article{a09157b0a1c211ddb6ae000ea68e967b,
title = "A time series analysis of Danish markets for pork, chicken, and beef",
abstract = "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.",
keywords = "Former LIFE faculty, Danish meat markets, cointegrated vector autoregression model",
author = "Lill Andersen and Ronald Babula and Helene Hartmann and Rasmussen, {Martin Magelund}",
year = "2007",
doi = "10.1080/16507540701439787",
language = "English",
volume = "4",
pages = "103--118",
journal = "Acta Agriculturae Scandinavica. Section C. Food Economics",
issn = "1650-7541",
publisher = "Taylor & Francis",
number = "2",

}

RIS

TY - JOUR

T1 - A time series analysis of Danish markets for pork, chicken, and beef

AU - Andersen, Lill

AU - Babula, Ronald

AU - Hartmann, Helene

AU - Rasmussen, Martin Magelund

PY - 2007

Y1 - 2007

N2 - 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.

AB - 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.

KW - Former LIFE faculty

KW - Danish meat markets

KW - cointegrated vector autoregression model

U2 - 10.1080/16507540701439787

DO - 10.1080/16507540701439787

M3 - Journal article

VL - 4

SP - 103

EP - 118

JO - Acta Agriculturae Scandinavica. Section C. Food Economics

JF - Acta Agriculturae Scandinavica. Section C. Food Economics

SN - 1650-7541

IS - 2

ER -

ID: 8076210