Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Similar articles in ISI Web of Science
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrow Search for citing articles in:
ISI Web of Science (3)
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Sanjuán, A. I.
Right arrow Articles by Dawson, P. J.
Right arrow Search for Related Content
Related Collections
Right arrow Q13 - Agricultural Markets and Marketing; [...]
Right arrow D12 - Consumer Economics: Empirical Analysis
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

European Review of Agriculture Economics Vol 30 (2) (2003) pp.155-172
© 2003 Oxford University Press and the Foundation for the European Review of Agricultural Economics

Price transmission, BSE and structural breaks in the UK meat sector

Ana I. Sanjuán and P. J. Dawson

Agrofood Research Service, Zaragoza, Spain
University of Newcastle upon Tyne, UK

Summary

This paper examines transmission between producer and retail prices for beef, lamb and pork in the UK and the impact of public concern over bovine spongiform encephalopathy (BSE) in early 1996. We used the cointegration procedure of Johansen et al. 2000), which admits structural breaks in cointegrating space. Results with monthly data for 1986–2000 show that a long-run relationship exists between each producer and retail price, and that a structural break occurs in the beef relationship at the height of the BSE crisis, which increases the margin by £1.12/kg. In contrast, there is no evidence of BSE-related breaks in the lamb or pork relationships.

Keywords: price transmission, BSE, UK meats, cointegration


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?


This article has been cited by other articles:


Home page
 EUR REV AGRIC ECONHome page
T. A. Lloyd, S. McCorriston, C. W. Morgan, and A. J. Rayner
Food scares, market power and price transmission: the UK BSE crisis
Eur. Rev. Agric. Econ., June 1, 2006; 33(2): 119 - 147.
[Abstract] [Full Text] [PDF]


Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.