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This study examines the supply response of the Greek beef market and the possible effect of the European Union’sCommon Agricultural Policy (CAP) on the Greek beef sector during the period 1993-2005. A GARCH process is used to estimateexpected price and price volatility while several different...
Persistent link: https://www.econbiz.de/10009445733
This paper examines supply response models in a rational expectations framework for each one of the fourmajor Greek meat markets, i.e. beef, broiler, lamb and pork. A multivariate GARCH model with Choleskydecomposition is used to incorporate price volatility into the rational expectations supply...
Persistent link: https://www.econbiz.de/10009445967