Mean Spillover Effects in Agricultural Prices: The Case of Greece

Agribusiness: An International Journal Vol. 19, No. 4, 2003

13 Pages Posted: 24 Jun 2008

See all articles by Nicholas Apergis

Nicholas Apergis

University of Piraeus; University of Derby

Anthony N. Rezitis

affiliation not provided to SSRN

Date Written: June, 24 2008

Abstract

This article investigates the behavior of agricultural input prices, agricultural output prices, and retail food prices using the cointegration0error-correction methodology. The findings support "cost push" and "demand pull" theories, because disequilibrium at the input level is transmitted to the retail level, and vice versa, through the output level. The estimated error-correction coefficients and price responses indicate, first, imperfect price transmission among agricultural input, output, and retail food prices, and second, that agricultural output prices are more flexible than agricultural input and retail food prices.

JEL Classification: Q110, Q130

Suggested Citation

Apergis, Nicholas and Rezitis, Anthony N., Mean Spillover Effects in Agricultural Prices: The Case of Greece (June, 24 2008). Agribusiness: An International Journal Vol. 19, No. 4, 2003. Available at SSRN: https://ssrn.com/abstract=1150923

Nicholas Apergis

University of Piraeus ( email )

Karaoli and Dimitriou 80
80 KARAOLI & DIMITRIOU STREET
Piraeus, Attiki 18534
Greece

University of Derby ( email )

Kedleston Road
Derby, Derbyshire DE22 1GB
United Kingdom

Anthony N. Rezitis (Contact Author)

affiliation not provided to SSRN

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