Costa Rican meat value chain description: price transmission as a tool
artículo original
Date
2016Author
Rodríguez Lizano, Víctor
Montero Vega, Mercedes
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Show full item recordAbstract
Price transmission analysis is an increasing research topic, especially for price taking
countries such as Costa Rica. We describe the beef supply chain and provide a numerical
implementation of Vector Error Correction Model (VECM) of price transmission for the
meat market in order to observe the relationship between import prices of meat and their
effects on national retail prices. To restore equilibrium, retail prices correct 8% of the error
term monthly. Since the meat imports market of Costa Rica is complex, the analysis of others
business partners as Nicaragua should be included in order to compare the influence of
these in local retail prices.