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

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  • Lill Andersen
  • Ronald Babula
  • Helene Hartmann
  • Martin Magelund Rasmussen

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.

OriginalsprogEngelsk
TidsskriftActa Agriculturæ Scandinavica C - Food Economics
Vol/bind4
Udgave nummer2
Sider (fra-til)103-118
Antal sider16
ISSN1650-7541
DOI
StatusUdgivet - 2007

ID: 8076210