@article{Hernandez-Villafuerte:51697,
      recid = {51697},
      author = {Hernandez-Villafuerte, Karla Vanessa},
      title = {THE ROLE OF ASYMMETRIC PRICE TRANSMISSION AND STRUCTURAL  BREAKS IN THE RELATIONSHIP BETWEEN COSTA RICAN MARKETS OF  LIVESTOCK CATTLE, BEEF AND MILK},
      address = {2008},
      number = {1005-2016-78926},
      series = {Contributed Paper},
      pages = {21},
      year = {2008},
      abstract = {The research analyzes the price transmission among the  Costa Rican markets of cattle, beef
and milk, accounting  for asymmetric behavior and structural breaks. Monthly  price data
covering the first month of 1998 to the fourth  month of 2008 were used. Price transmission
between each  market pair was found. The Price adjustment is consistent  at 1% of significant
with the behaviour expected. Cattle  prices adjust in the milk - cattle relationship, beef  meat
prices adjust in the cattle - beef meat relation and  in the milk - beef meat relation. This finding
supports the  statement regarding the leading position of “Dos Pinos” as  the main player in the
market. The results of the  asymmetric analysis are not as expected. The coefficients  of both
adjustments (positive and negative) are not  significantly different. The equations allowing  for
structural break affects the estimates: first after the  break the elasticities became higher than 1,
second there  is more evidence of cointegration and third the adjustment  coefficients are
significant only when a change in the long  run is allowed.},
      url = {http://ageconsearch.umn.edu/record/51697},
      doi = {https://doi.org/10.22004/ag.econ.51697},
}