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...

This study applied cointegration analysis and the vector errorcorrection model (VCE) to analyze the magnitude and duration of theimpact of the import price of dairy products on the domestic milk pricepaid to producers in Chile. The variables included in the analysis weredomestic price, CIF...