Dynamic relationships in meat market

Selli F., Bayaner A., AKDİ Y., ŞAHİN A.

Electronic Journal of Applied Statistical Analysis, vol.4, no.1, pp.83-90, 2011 (ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 4 Issue: 1
  • Publication Date: 2011
  • Doi Number: 10.1285/i20705948v4n1p83
  • Journal Name: Electronic Journal of Applied Statistical Analysis
  • Journal Indexes: Emerging Sources Citation Index (ESCI), Scopus, Academic Search Premier, zbMATH
  • Page Numbers: pp.83-90
  • Keywords: Cointegration, Meat prices, Periodogram
  • Ankara University Affiliated: Yes

Abstract

In this paper, the meat sector in Turkey was explored. Turkish meat sector has a striking production and foreign trade structure. Sector is highly protected by border measures. In such market conditions, interactions between monthly beef, sheep meat and poultry meat prices are investigated with conventional and periodogram based cointegration tests. Engle-Granger, Johansen's and Periodogram based cointegration tests do not reject the null hypothesis of no cointegration between red and poultry meat prices. We also found that OLS and Engle-Granger test, and Periodogram and Johansen cointegration tests produced similar results for beet and sheep meat prices. © 2008 Università del Salento.