Rezitis N., Stavropoulos S. (2010). Modeling beef supply response and price volatility under CAP reforms : the case of Greece. Food policy, 01/04/2010, vol. 35, n. 2, p. 163-174.
https://doi.org/10.1016/j.foodpol.2009.10.005
https://doi.org/10.1016/j.foodpol.2009.10.005
Titre : | Modeling beef supply response and price volatility under CAP reforms : the case of Greece (2010) |
Auteurs : | N. Rezitis ; S. Stavropoulos |
Type de document : | Article |
Dans : | Food policy (vol. 35, n. 2, April 2010) |
Article en page(s) : | p. 163-174 |
Langues : | Anglais |
Langues du résumé : | Anglais |
Catégories : |
Thésaurus IAMM VIANDE BOVINE ; PAC ; PRIX ; MODELE DE SIMULATION ; GRECECatégories principales 06 - AGRICULTURE. FORÊTS. PÊCHES ; 6.3 - PAC |
Résumé : | This study examines the supply response of the Greek beef market and the possible effect of the European Unions Common Agricultural Policy (CAP) on the Greek beef sector during the period 19932005. A Generalized Autoregressive Conditional Heteroskedasticity (GARCH) process is used to estimate expected price, and price volatility, while several different symmetric, asymmetric and non-linear GARCH models are estimated. The empirical results show that price volatility and feed price are important risk factors in the supply response function, while the negative asymmetric price volatility that was detected implies that producers have a weak market position. Furthermore, the empirical findings confirm that the annual premium paid by the EU to beef producers had a positive impact on the production level and also, the change of the EU price support regime, after 2006, is having negative effects on beef production level in Greece. |
Cote : | Réservé lecteur CIHEAM |
URL / DOI : | https://doi.org/10.1016/j.foodpol.2009.10.005 |