THE INTEGRATION OF PIGMEAT MARKETS IN THE EU. EVIDENCE FROM A REGULAR MIXED VINE COPULA

Review of Agricultural and Applied Economics, RAAE, VOL.19, No. 1/2016

ARTICLE TYPE: REGULAR ARTICLE
RECORD ONLINE: 12.03.2016
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KEYWORDS:
Pigmeat, EU, Price Co-movement, R-Vine Copulas
DOI NUMBER:
10.15414/raae.2016.19.01.03-12
ABSTRACT:
The objective of this work is to investigate the degree of integration of national pigmeat markets in the EU. This is pursued using monthly wholesale prices from seven major markets and the statistical tool of mixed R-vine copulas. The empirical results suggest that the markets considered do not constitute a great pool in which prices move, boom, and crash together. The markets of Belgium, Germany, and the Netherlands exhibit a higher degree of integration relative to the others, whereas the Italian market exhibits a lower degree of integration. Also, there is an indication that, in certain cases, the benefits of free trade may be unequally distributed between the trading partners.
JEL CODES:
Q13, C10
PAGES:
3 - 12
Please Cite this Article as:

Vasilis GRIGORIADIS, Christos EMMANOUILIDES, Panos FOUSEKIS (2016) The Integration Of Pigmeat Markets In The Eu. Evidence From A Regular Mixed Vine Copula. Review of Agricultural and Applied Economics. XIX (Number 1, 2016): 3-12. doi: 10.15414/raae.2016.19.01.03-12
URL for sharing:

https://roaae.org/1336-9261/doi/abs/10.15414/raae.2016.19.01.03-12

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Review of Agricultural and Applied Economics | ISSN 1336-9261
Faculty of Economics and Management of the Slovak Agricultural University in Nitra and the Association of Agricultural Economists in Slovakia.
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