In this paper we test the retail milk price integration between two countries, Poland and Hungary. Conventional linear cointegration methods do not reveal any relationship between the two prices, therefore we apply Gonzalo and Pitakaris (2006) method to test the linear cointegration null against...

Tyrimo objektas - žaliavinio pieno supirkimo kainos ir jų veiksniai.Tyrimo dalykas - pieno gamintojų kainą lemiantys ekonominiai, technologiniai, organizaciniai ir kiti veiksniai.Darbo tikslas - nustatyti žaliavinio pieno kainų kitimo tendencijas, identifikuojant svarbiausius pieno kainų...

In this study, cointegration analysis and vector error correction (VCE)model were applied to analyze the influence of the international milkmarket on the domestic milk prices paid to producers and milk receptionby plants. The VCE model allows the identification of the long termrelations among...

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The study uses Transaction Costs Economics Theory and Supply Chain Management frameworks to investigate determinants of coordination and supply chain performance in the Kenyan milk supply chains. The transactions investigated are between milk producers and buyer customers, between milk retailers...

In this paper we inquire why after more than 25 years of domestic agricultural reforms in Mexico and 15 years of trade liberalization of maize under NAFTA –a non-competitive crop and the major staple in Mexico–domestic production of this field crop has increased. We present new empirical...

In this paper, we examine the determinants of inflation differentials in a panel of the newEuropean Union member states vis-‡-vis the euro area in 1997-2007. Our main results are as follows. Exchange rate appreciation and higher price level in the new EU members is associated with narrower...

In this paper, we present evidence on the statistical features of observed dispersion in HICP inflation rates in the Euro area. Our descriptive exercise shows that there is still a remarkable dispersion of HICP inflation rates across the member countries. We find that most of dispersion...

We model EU countries? bank ratings using financial variables and allowing for intercept and slope heterogeneity. We find that country-specific factors (in the form of heterogeneous intercepts) are a crucial determinant of ratings. Whilst ?new? EU countries typically have lower ratings than...