Replaced with revised version of paper 09/14/11.

We analyse weekly calf prices from 2003 to 2009 to assess the impact of two important events which changed the structure of European cattle markets. We find the four European calf markets studied to be integrated. The decoupling of farm payments in the framework of the 2003 reforms of the Common...

This work provides a comparison of methodologies for applied research in price transmission analysis. We compare two regime-dependent econometric models, namely the threshold vector error correction model and the Markov-switching vector error correction model. We first provide a conceptual...

Historically, rural areas have been the place where most of the population lived and made its living. As a result of various economic, demographic, social and cultural changes, the second half of the 20th century was characterized by structural change in many western rural regions. Within this...