Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 19 ISSUE 4
Written by Sorin IONITESCU, Rafael Heitor Correia de MELO, Dorina POPOVICI, Aura CONCI
This paper aims to investigate the transmission of beef meat prices along the supply chain in Lithuania. A set of econometric techniques allows studying relationships between prices on the farm and at the retail store level during the period from 2010 to 2017. The Johansen co-integration test confirms the presence of the long-run co-movement of prices on upstream and downstream levels of the beef meat supply chain. In the short-run, the price on the farm Granger causes the development of prices on the downstream level and findings suggest an evidence of the pricesetting leadership on the upstream level. The error correction model shows the adjustment of the analysed prices towards the equilibrium with a rate of speed 25%
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