{"title":"Spatial Price Relationships in the Olive Oil Market of the Mediterranean","authors":"P. Fousekis, S. Klonaris","doi":"10.22004/AG.ECON.26461","DOIUrl":null,"url":null,"abstract":"The study of spatial price relationships helps to explain market performance and the degree of market integration. This paper provides an empirical analysis of the long- and short-run price linkages in the olive oil market of the Mediterranean using Time Series techniques. The empirical results suggest the existence of a stable long-run relationships among prices in Spain, Italy, and Greece. They also suggest that the major producer and exporter (Spain) is the price leader while Greece and Italy are the followers.","PeriodicalId":7541,"journal":{"name":"Agricultural Economics Review","volume":"106 1","pages":"22-35"},"PeriodicalIF":0.0000,"publicationDate":"2002-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Agricultural Economics Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.22004/AG.ECON.26461","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 4
Abstract
The study of spatial price relationships helps to explain market performance and the degree of market integration. This paper provides an empirical analysis of the long- and short-run price linkages in the olive oil market of the Mediterranean using Time Series techniques. The empirical results suggest the existence of a stable long-run relationships among prices in Spain, Italy, and Greece. They also suggest that the major producer and exporter (Spain) is the price leader while Greece and Italy are the followers.