@article{Hassouneh:50121,
      recid = {50121},
      author = {Hassouneh, Islam and Serra, Teresa and Gil, Jose Maria},
      title = {Price transmission in the Spanish bovine sector: the BSE  effect},
      address = {2009},
      number = {1005-2016-79095},
      series = {Contributed Paper},
      pages = {35},
      year = {2009},
      abstract = {A regime-switching vector error correction model is  applied to monthly price data to assess the impact of BSE  outbreaks on price relationships and patterns of  transmission among farm and retail markets for bovine in  Spain. To evaluate the degree to which price transmission  is affected by BSE food scares, a BSE food scare index is  developed and used to determine regime-switching. Results  suggest that BSE scares affect beef producers and retailers  differently. Consumer prices are found to be weakly  exogenous and not found to react to BSE scares, while  producer prices conversely adjusted. The magnitude of the  adjustment is found to depend on the magnitude of the BSE  scare.},
      url = {http://ageconsearch.umn.edu/record/50121},
      doi = {https://doi.org/10.22004/ag.econ.50121},
}