This article investigates the non-linear adjustment between consumer and producer prices in the Greek milk sector, using a threshold error correction autoregressive model. The results reject the null hypothesis of linear cointegration in favor of a two-regime threshold cointegration model. A...

This paper uses time series data for the period 1961-1995 and a flexible model to analyze the progress of factor-biased technological change in Greek agriculture. The model employs a third-order transcendental logarithmic cost function which allows the second-order coefficients to change over...

The purpose of this paper is to present a measure of relative price variability (RPV) among 53 agricultural products and to explore the relationships between RPV, aggregate inflation rate, and changes in economic activity for the period 1962-1997. We also estimate the effects of expected and...

In this paper, for the first time, we apply the Färe-Primont productivity index (FPI) to examine the agricultural total factor productivity (TFP), during the period 2004-2016, in four regions of Greece: Macedonia and Thrace (region I), Epirus, Peloponnesus and the Ionian Islands (region II),...

Policy, administration and industry need medium-term projections of the expected developments in the agri-food markets for their decision-making processes. The EU Commission presents such projections for the EU as a whole in December of each year. Those projections and their assumptions...

This paper examines the farm-retail price transmission mechanism in the Greek milk market by using monthly data for the period from January 1998 to June 2014. Through this period, the dairy industry underwent significant changes, resulting in increasing concentration in the market for fresh...

This paper makes use of the adjustment cost hypothesis to develop and compare the results of two dynamic input demand models applied to the U.S. cigarette manufcturing. One of the models presented in this paper is the flexible accelerator model and the other is the rational expectation model....

An error correction model of Greek agriculture for the period 1961-1994 is estimated using a dynamic system of output and input share equations derived from a translog profit function. Nested within this model are a static model and three simpler dynamic models: a partial adjustment model,...