Using Threshold Co-Integration To Estimate Asymmetric Price Transmission in the Turkish Milk Market

dc.authorscopusid 56271477600
dc.authorscopusid 57201488917
dc.contributor.author Bor,O.
dc.contributor.author Tuncay,B.
dc.contributor.other Economics
dc.date.accessioned 2024-07-05T15:46:07Z
dc.date.available 2024-07-05T15:46:07Z
dc.date.issued 2021
dc.department Atılım University en_US
dc.department-temp Bor O., Department of Economics, Atılım University, Gölbaşı, Ankara, Turkey; Tuncay B., Regional Researches Center on Horticulture and Organic Agriculture (CRRHAB), Sousse, Tunisia, Department of Economics, Koç University, Sarıyer, Istanbul, Turkey en_US
dc.description.abstract We investigate the price dynamics between retail milk price and raw milk price in the Turkish fluid milk market. The study uses monthly fluid milk prices for 14 years between January 2003 and December 2016. We analyze the price adjustment in the fluid milk market through an asymmetric error correction model with threshold co-integration. We find that the transmission between the two prices has been asymmetric in both the long term and short term period. Differences between the farm milk prices and retail milk prices may exist due to marketing costs across the supply chain and pricing policies associated with the market structure. Results of the long-run analysis indicate a significant market power in the fluid milk market. Therefore, in this asymmetric case, the deviations are likely to be the reason for the market power of the processors/retailers and the reason for the oligopolistic market structure in the sector. © 2021, Bononia University Press. All rights reserved. en_US
dc.identifier.citationcount 0
dc.identifier.doi 10.30682/NM2101I
dc.identifier.endpage 142 en_US
dc.identifier.issn 1594-5685
dc.identifier.issue 1 en_US
dc.identifier.scopus 2-s2.0-85104860753
dc.identifier.scopusquality Q3
dc.identifier.startpage 131 en_US
dc.identifier.uri https://doi.org/10.30682/NM2101I
dc.identifier.uri https://hdl.handle.net/20.500.14411/4018
dc.identifier.volume 20 en_US
dc.identifier.wosquality Q3
dc.institutionauthor Bor, Özgür
dc.language.iso en en_US
dc.publisher Bononia University Press en_US
dc.relation.ispartof New Medit en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 1
dc.subject Asymmetric price transmission en_US
dc.subject Consistent threshold en_US
dc.subject Error correction model en_US
dc.subject Fluid milk market en_US
dc.subject M-TAR en_US
dc.subject TAR en_US
dc.subject Threshold co-integration en_US
dc.subject Turkey en_US
dc.title Using Threshold Co-Integration To Estimate Asymmetric Price Transmission in the Turkish Milk Market en_US
dc.type Article en_US
dspace.entity.type Publication
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