Price Transmission in China's Swine Industry with an Application of MCM

文献类型： 外文期刊

第一作者： Xu Shi-wei

作者： Xu Shi-wei;Li Zhe-min;Cui Li-guo;Dong Xiao-xia;Kong Fan-tao;Li Gan-qiong;Xu Shi-wei;Li Zhe-min;Dong Xiao-xia;Kong Fan-tao;Li Gan-qiong

作者机构：

关键词： price transmission;Market-Chain Cooperated Model;swine industry chain

期刊名称：JOURNAL OF INTEGRATIVE AGRICULTURE （ 影响因子：2.848； 五年影响因子：2.979 ）

ISSN： 2095-3119

年卷期： 2012 年 11 卷 12 期

页码：

收录情况： SCI

摘要： The paper studies the relationship, adjustment ability, path, efficiency and intensity of price transmission in the swine industry chain in China, which consists of the prices of corn, compound feed for fattening pig, piglet, pig and pork. Monthly prices covering a period of 18 yr (1994-2011) are analyzed using a Market-Chain Cooperated Model (MCM). The empirical results show that there exists a stable long-term cointegration and short-term dynamic relationship in the price system. First, the adjustment speed of each price series is very slow and the transmission path is top-down and one-way significantly. Second, the price from upstream to downstream lags about 2 mon, while there is no lag in price transmission from midstream to downstream. Third, in terms of price transmission intensity, the price of pig impacted greatly on pork price, not only in the current period but also through the whole period. Besides, the price of corn has the largest lagged effects on pork price. According to the above empirical results, we suggest that government should strengthen monitoring and early warning of the swine industry chain, especially the upstream and midstream, attach great importance to the timely adjustment of feed prices and perfect the measures of price subsidy.

分类号：

  • 相关文献

[1]Price transmission in whole milk powder markets: implications for the Oceania dairy sector of changing market developments. Zhang, Jing,Brown, Colin,Waldron, Scott,Dong, Xiaoxia.

[2]Study on Price Transmission in China's Broiler Industry Chain Based on MCM. Xu Shiwei,Dong Xiaoxia,Li Zhemin,Cui Liguo,Kong Fantao,Li Ganqiong,Yu Haipeng. 2013

[3]Research Progress of Transmission, Analysis and Early Warning of Vegetable Price. Shen, Chen. 2016

[4]Research Scheme for Vegetable Price Transmission and the Early Warning based on Associations with Non-target Areas. Kong, Fantao,Wu, Jianzhai,Zhang, Jianhua,Han, Shuqing,Li, Huishang. 2016

作者其他论文 更多>>

微信小程序