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

Vasilis GRIGORIADIS; Christos EMMANOUILIDES; Panos FOUSEKIS

doi:10.15414/raae.2016.19.01.03-12

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

Vasilis GRIGORIADIS, Christos EMMANOUILIDES, Panos FOUSEKIS

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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 language	English
Pages (from-to)	3-12
Number of pages	10
Journal	Review of Agricultural and Applied Economics
Volume	19
Issue number	1
DOIs	https://doi.org/10.15414/raae.2016.19.01.03-12
Publication status	Published - 12 Mar 2016
Externally published	Yes

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THE INTEGRATION OF PIGMEAT MARKETS IN THE EU. EVIDENCE FROM A REGULAR MIXED VINE COPULA
Copyright 2016 the authors. This is an open access article published under a Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium, provided the author and source are cited.
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THE INTEGRATION OF PIGMEAT MARKETS IN THE EU. EVIDENCE FROM A REGULAR MIXED VINE COPULA

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