Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Price linkages in the international skim milk powder market: empirical evidence from nonparametric and time‐varying copulas

Price linkages in the international skim milk powder market: empirical evidence from... The objective of this article is to assess the integration of the international skim milk powder (SMP) market. This is pursued using monthly data over 2001 to 2014 from the three principal SMP‐producing regions (the EU, the USA and Oceania) and nonparametric kernel‐based and time‐varying copulas. The empirical results point to a strong and an increasing degree of overall price co‐movement and to statistically significant probabilities for joint price crashes and booms. While the EU and Oceania have been the regions with the highest degree of integration, the USA has been catching up with them. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

Price linkages in the international skim milk powder market: empirical evidence from nonparametric and time‐varying copulas

Loading next page...
 
/lp/wiley/price-linkages-in-the-international-skim-milk-powder-market-empirical-dFBeqlqpZA

References (49)

Publisher
Wiley
Copyright
Copyright © 2017 Australian Agricultural and Resource Economics Society Inc.
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/1467-8489.12147
Publisher site
See Article on Publisher Site

Abstract

The objective of this article is to assess the integration of the international skim milk powder (SMP) market. This is pursued using monthly data over 2001 to 2014 from the three principal SMP‐producing regions (the EU, the USA and Oceania) and nonparametric kernel‐based and time‐varying copulas. The empirical results point to a strong and an increasing degree of overall price co‐movement and to statistically significant probabilities for joint price crashes and booms. While the EU and Oceania have been the regions with the highest degree of integration, the USA has been catching up with them.

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Jan 1, 2017

Keywords: ; ;

There are no references for this article.