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Author:

Xue, Huidan (Xue, Huidan.) | Li, Chenguang (Li, Chenguang.) | Wang, Liming (Wang, Liming.)

Indexed by:

Scopus SCIE

Abstract:

A fast-changing global landscape highlights the importance of understanding spatial price dynamics in key international markets such as China, especially in the era of COVID-19 pandemic with international food trade and food system experiencing an unprecedented challenge. Nowadays, New Zealand's dominant position in China's dairy import market is being challenged by European Union (EU) dairy exporters leading to intensified market competition. Using monthly export data of skim milk powder (SMP), we applied threshold cointegration models along with asymmetric error correction models to examine spatial price dynamics and price transmissions of New Zealand and Ireland in Chinese and global markets. We found that New Zealand's export prices retain their leadership position in China, Ireland's export prices are well more aligned with those in international markets. In terms of own-country price transmission, Ireland's relatively symmetric and swift adjustments were found to contrast with New Zealand's SMP export prices, which displayed more asymmetric price transmissions.

Keyword:

asymmetric price transmission volatility threshold cointegration skim milk powder

Author Community:

  • [ 1 ] [Xue, Huidan]Beijing Univ Technol, Sch Econ & Management, Beijing 100124, Peoples R China
  • [ 2 ] [Wang, Liming]Beijing Univ Technol, Sch Econ & Management, Beijing 100124, Peoples R China
  • [ 3 ] [Li, Chenguang]Univ Coll Dublin, Sch Agr & Food Sci, Dublin 4, Ireland
  • [ 4 ] [Wang, Liming]Univ Coll Dublin, Irish Inst Chinese Studies, Dublin 4, Ireland

Reprint Author's Address:

  • [Xue, Huidan]Beijing Univ Technol, Sch Econ & Management, Beijing 100124, Peoples R China

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Source :

AGRICULTURE-BASEL

Year: 2021

Issue: 9

Volume: 11

3 . 6 0 0

JCR@2022

ESI Discipline: AGRICULTURAL SCIENCES;

ESI HC Threshold:66

JCR Journal Grade:1

Cited Count:

WoS CC Cited Count: 4

SCOPUS Cited Count: 6

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 4

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