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This paper focuses on agro- food chains and agro- food consumer prices in Slovenia considering its European Union (EU) membership. As the Slovenian agro- food markets were distorted prior to the EU accession with some agro- food prices that were greater than comparable EU prices, the empirical...
Persistent link: https://www.econbiz.de/10005483858
As in many other transition countries processing and marketing margins are also larger in the Slovenian meat market than respective margins in market economies. In addition, margin of the Slovenian pork chain is greater than in the beef chain. Its decline in the pork market indicates an...
Persistent link: https://www.econbiz.de/10005330869
We propose a three-step procedure to estimate a regime-dependent vector error correction model (VECM). In this model, not only the short-run adjustment process towards equilibrium is non-linear, as in threshold VECM and Markov switching VECM frameworks, but the long-run equilibrium relationship...
Persistent link: https://www.econbiz.de/10005330118