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

Vasilis GRIGORIADIS, Christos EMMANOUILIDES, Panos FOUSEKIS

Research output: Contribution to journalArticlepeer-review

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.
Original languageEnglish
Pages (from-to)3-12
Number of pages10
JournalReview of Agricultural and Applied Economics
Volume19
Issue number1
DOIs
Publication statusPublished - 12 Mar 2016
Externally publishedYes

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