@article{Diaz:97364,
      recid = {97364},
      author = {Diaz, N. and Melo, Oscar and Modrego, Felix},
      title = {Dinámica de transmisión de precios y cambio estructural en  el sector lácteo chileno},
      journal = {Economía Agraria (Revista Economia Agraria)},
      address = {2007},
      number = {313-2016-5887},
      pages = {12},
      year = {2007},
      note = {Published by Asociación de Economistas Agrarios de Chile},
      abstract = {This paper examines the degree in which the signals of the  international price of
the main dairy product imported by  Chile, powder milk, were transmitted to the price received  by the
producers in the period 1979-2005. The existence of  a possible structural break in 1989 is also evaluated,
due  to the differences in trade policies oriented towards the  Chilean milk sector. The results show that  the
international price had a significant influence over  the domestic price, explaining 52% of the variability
of  the price of the milk received by the producer. The  estimated speed of transmission was considerably
low, and a  total transmission was obtained for a period of three to  four years. The hypothesis of structural
break in the speed  of transmission of international prices given by a  reduction of the import taxes in 1989
was tested, and was  rejected with a high level of statistical significance.  This evidence suggests the
existence of important changes  within the Chilean milk sector that could have offset the  effects of greater
trade openness.},
      url = {http://ageconsearch.umn.edu/record/97364},
      doi = {https://doi.org/10.22004/ag.econ.97364},
}