Supply Response and Price Volatility in the Greek Pork Industry

2008 ◽  
Author(s):  
Anthony N. Rezitis ◽  
Konstantinos S. Stavropoulos
Keyword(s):  
Price Volatility ◽  
Supply Response ◽  
Pork Industry

scholarly journals Modeling Pork Supply Response and Price Volatility: The Case of Greece

2009 ◽  
Vol 41 (1) ◽  
pp. 145-162 ◽  
Author(s):  
Anthony N. Rezitis ◽  
Konstantinos S. Stavropoulos
Keyword(s):  
Risk Factor ◽  
Response Function ◽  
Price Volatility ◽  
Important Risk Factor ◽  
Garch Models ◽  
Cost Factor ◽  
Supply Response ◽  
Empirical Results ◽  
Of Greece ◽  
High Uncertainty

This paper examines the supply response of the Greek pork market. A GARCH process is used to estimate expected price and price volatility, while price and supply equations are estimated jointly. In addition to the standard GARCH model, several different symmetric, asymmetric, and nonlinear GARCH models are estimated. The empirical results indicate that among the estimated GARCH models, the quadratic NAGARCH model seems to better describe producers' price volatility, which was found to be an important risk factor of the supply response function of the Greek pork market. Furthermore, the empirical findings show that feed price is an important cost factor of the supply response function and that high uncertainty restricts the expansion of the Greek pork sector. Finally, the model provides forecasts for quantity supplied, producers' price, and price volatility.

Modeling beef supply response and price volatility under CAP reforms: The case of Greece

Food Policy ◽  
2010 ◽  
Vol 35 (2) ◽  
pp. 163-174 ◽  
Author(s):  
Anthony N. Rezitis ◽  
Konstantinos S. Stavropoulos
Keyword(s):  
Price Volatility ◽  
Supply Response ◽  
Of Greece

scholarly journals STUDY EFFECT OF A PRICE VOLATILITY ON SUPPLY RESPONSE OF CORN IN IRAQ DURING PERIOD (1980 – 2014)

2017 ◽  
Vol 48 (4) ◽  
Author(s):  
Saleh & Al- Ukeili
Keyword(s):  
Economic Theory ◽  
Price Elasticity ◽  
Price Volatility ◽  
Production Costs ◽  
Asymmetry Factor ◽  
News Shocks ◽  
Variable Effect ◽  
Supply Response ◽  
Short Run ◽  
Corn Prices

The aim of this study to analysis Supply Response to the Corn in Iraq for Period (1980 – 2014), And effect of Price Volatility on the Supply Response through the study of the effect the explanatory variables (Average Prices of corn, for Previou year, Area Planted For Previou Year, The weighted Price (Competitive Price), The Price of Fertilizer (Urea), Total flows of Tigris And Euphrates Rivers, The Expected Price variance) on Dependent Variable (Area Planted for Corn Crop). The results indicated A Clear Disorders (Volatility) In the Average Corn Prices for Period (1991- 1996) In other Words, The Time Series of Corn Prices, And This Was an Excuse to Go to Estimate in the ARCH Family Model. It was Selected Model EGARCH (2,2) According To The Results of Statistical Tests, Which Gave An Indication of The Preference for This Model To Others, Through The Results Equation of Supply Response Note That The coefficient of The Price To Previou Year, Which Represents The Price Elasticity of Supply In The Short Run Was Identical To The Logic of Economic Theory Signal Is Positive And The Level of Significance of 1% Amounted (0.0454), And This Proves Rational Farmers In Response To Price Increase The Area, The Cross Elasticity Came To The Logic of Economic Theory And Moral Level of Probability of 1% Amounted (-0.2414), And Results of The Price Elasticity of Supply That The offer Is Inelastic In The Short Run Because The Elasticities of The Crop Was Less Than one, As Well As The Elasticity of Supply for The Production Costs And The Elasticity of Supply For Irrigation Water Came Matching Economic Logic And Moral Level of 1%, The Price Variation Parameter Which Is A Relative Measure of Price Volatility And A Significant Came Its Signal Positive Explain The Relationship With The Planted Crop Area, As The Value of The Asymmetry Factor Positive Appeared And It's A Significant At The Level of Probability of 1% It Confirms That The Good News (Shocks) for Farmers Have A Greater Effect on Response Changes For Random Variable Effect (Risk) of Bad News (Shocks) In The Short Run.

scholarly journals Supply Response and Corn Price Volatility in Indonesia

2014 ◽  
Vol 4 (3) ◽  
pp. 058-069
Author(s):  
Riza Rahimi Bachtiar ◽  
◽  
Wen-I Chang ◽  
Ratya Anindita ◽  
Muslich Mustadjab ◽  
...  
Keyword(s):  
Price Volatility ◽  
Supply Response

Supply response and price volatility in the Greek broiler market

Agribusiness ◽  
2010 ◽  
Vol 26 (1) ◽  
pp. 25-48 ◽  
Author(s):  
Anthony N. Rezitis ◽  
Konstantinos S. Stavropoulos
Keyword(s):  
Price Volatility ◽  
Supply Response

scholarly journals Price transmission and supply response: the case of Indian small cardamom

2021 ◽  
pp. 34-41
Author(s):  
A Indhushree ◽  
A Kuruvila
Keyword(s):  
Market Price ◽  
Price Volatility ◽  
International Markets ◽  
Price Transmission ◽  
Indian Market ◽  
Supply Response ◽  
Speed Of Adjustment ◽  
International Prices ◽  
Short Run ◽  
Small Holders

Market price volatility, the major challenge faced by the cardamom exporters greatly hinders the investment and destabilizes the earning of small holders. The present study attempted to analyse the price transmission between Indian and international markets and study the supply response of small cardamom to changes in price. The co-movement of prices of small cardamom exist between the Indian and international markets after trade liberalisation and the price transmission has been from the international market to the Indian market. The short-run disequilibrium has been found between the Indian and international prices of cardamom, which got corrected with varying speed of adjustment. The positive and significant elasticity of supply of small cardamom with respect to its own two year lagged price has been established. Crop specific price stabilization mechanism would help to overcome the wide fluctuations in prices of small cardamom.

scholarly journals Modeling Price Volatility and Supply Response of Beef in Indonesia

2019 ◽  
Vol 42 (2) ◽  
pp. 159-166 ◽  
Author(s):  
Komalawati Komalawati ◽  
R.W. Asmarantaka ◽  
R. Nurmalina ◽  
D.B. Hakim
Keyword(s):  
Price Volatility ◽  
Supply Response

scholarly journals Price Competitiveness and Supply Response of Rice Producers in Nigeria: Implications for Agricultural Trade

2020 ◽  
pp. 88-101
Author(s):  
E. N. Azifuaku ◽  
C. O. A. Ugwumba ◽  
T. O. Okoli ◽  
Uche Okeke
Keyword(s):  
Trade Balance ◽  
Price Volatility ◽  
Agricultural Trade ◽  
Annual Rainfall ◽  
Supply Response ◽  
Price Competitiveness ◽  
Long Run ◽  
Rice Price ◽  
Short Run ◽  
Long Run Equilibrium

This study examined the price competitiveness and supply response of rice producers in Nigeria and its implication for agricultural trade. Specifically, it examined the trade balance for rice; examined price volatility; estimated supply response coefficients and the determinants of supply response of rice producers in Nigeria. Data were collected from secondary sources and covered the period 1972 to 2017. Data analyses were achieved using descriptive and inferential statistics.  Results indicated a negative trade balance (x = - N20/kg) between imported rice and domestic rice. Price volatility result showed that volatility in agricultural markets was high, with that of imported rice being higher than domestic rice, then maize. Supply response coefficients for rice indicated that production output, price of maize and annual rainfall statistically and significantly influenced supply of rice while domestic price of local rice, price of imported rice and government expenditure on agriculture were not significant. All the series were stationary in the first difference and there was linear combination or long-run equilibrium relationship among the co-integrated variables. There were price adjustments between short-run to long-run equilibrium and the error correction coefficient was -0.209. Further results showed that the price and probably favoured quality of imported rice constrained domestic production and negatively impacted rice exports from Nigeria. This indicates a potentially significant impediment to the expansion of rice production in Nigeria. Government must put in place guaranteed minimum price for rice, and be ready to act as buyer of last resort, as incentives for the farmers, to sustainably increase production and the country to attain self-sufficiency in the short-run. Government and non-governmental institutions should provide improved production inputs and modern processing facilities to enhance the competitiveness of local rice against imported rice, both in terms of quality and price.

Predicting Stock Market Performance

2020 ◽  
pp. 1-10
Author(s):  
Thomas Plieger ◽  
Thomas Grünhage ◽  
Éilish Duke ◽  
Martin Reuter
Keyword(s):  
Stock Market ◽  
Risk Taking ◽  
Life Stress ◽  
Price Volatility ◽  
Individual Characteristics ◽  
Self Report ◽  
Financial Behavior ◽  
Market Simulation ◽  
Stock Market Performance ◽  
Risk Taking Behavior

Abstract. Gender and personality traits influence risk proneness in the context of financial decisions. However, most studies on this topic have relied on either self-report data or on artificial measures of financial risk-taking behavior. Our study aimed to identify relevant trading behaviors and personal characteristics related to trading success. N = 108 Caucasians took part in a three-week stock market simulation paradigm, in which they traded shares of eight fictional companies that differed in issue price, volatility, and outcome. Participants also completed questionnaires measuring personality, risk-taking behavior, and life stress. Our model showed that being male and scoring high on self-directedness led to more risky financial behavior, which in turn positively predicted success in the stock market simulation. The total model explained 39% of the variance in trading success, indicating a role for other factors in influencing trading behavior. Future studies should try to enrich our model to get a more accurate impression of the associations between individual characteristics and financially successful behavior in context of stock trading.

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