Price volatility transmission in the value chain of fresh anchovies in Spain

This study examines the price volatility transmission of fresh anchovies (Engraulis encrasicolus) among different markets along the value chain in Spain. For this purpose, the prices in the first-hand sale, wholesale, and retail markets are considered. A vector autoregressive (VAR) model and an asym...

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Detalhes bibliográficos
Autores: García del Hoyo, Juan José, Jiménez Toribio, Ramón, Castilla Espino, David
Tipo de documento: artigo
Data de publicação:2023
País:España
Recursos:Universidad de Huelva (UHU)
Repositório:Arias Montano. Repositorio Institucional de la Universidad de Huelva
Idioma:inglês
OAI Identifier:oai:ariasmontano.uhu.es:10272/21633
Acesso em linha:https://hdl.handle.net/10272/21633
Access Level:Acceso aberto
Palavra-chave:Value chain
Anchovy
Price volatility
Asymmetry
Multivariate GARCH
5312.01 Agricultura, Silvicultura, Pesca
5302 Econometría
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spelling Price volatility transmission in the value chain of fresh anchovies in SpainGarcía del Hoyo, Juan JoséJiménez Toribio, RamónCastilla Espino, DavidValue chainAnchovyPrice volatilityAsymmetryMultivariate GARCH5312.01 Agricultura, Silvicultura, Pesca5302 EconometríaThis study examines the price volatility transmission of fresh anchovies (Engraulis encrasicolus) among different markets along the value chain in Spain. For this purpose, the prices in the first-hand sale, wholesale, and retail markets are considered. A vector autoregressive (VAR) model and an asymmetric multivariate generalised autoregressive conditional heteroskedasticity (MGARCH) model are used to analyse the relationship of price volatility among the markets in the value chain. The results indicate that the retail market has the lowest volatility. Therefore, volatility in the first-hand sale and wholesale markets is only minimally transmitted to consumers. Finally, asymmetric effects are observed in the price volatility transmission along the fresh anchovy value chain.Elsevier20232023-01-0920232023-01-09journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfapplication/pdfhttps://hdl.handle.net/10272/21633reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelvainstname:Universidad de Huelva (UHU)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Atribución-NoComercial-SinDerivadas 3.0 Españahttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:ariasmontano.uhu.es:10272/216332026-06-02T14:58:11Z
dc.title.none.fl_str_mv Price volatility transmission in the value chain of fresh anchovies in Spain
title Price volatility transmission in the value chain of fresh anchovies in Spain
spellingShingle Price volatility transmission in the value chain of fresh anchovies in Spain
García del Hoyo, Juan José
Value chain
Anchovy
Price volatility
Asymmetry
Multivariate GARCH
5312.01 Agricultura, Silvicultura, Pesca
5302 Econometría
title_short Price volatility transmission in the value chain of fresh anchovies in Spain
title_full Price volatility transmission in the value chain of fresh anchovies in Spain
title_fullStr Price volatility transmission in the value chain of fresh anchovies in Spain
title_full_unstemmed Price volatility transmission in the value chain of fresh anchovies in Spain
title_sort Price volatility transmission in the value chain of fresh anchovies in Spain
dc.creator.none.fl_str_mv García del Hoyo, Juan José
Jiménez Toribio, Ramón
Castilla Espino, David
author García del Hoyo, Juan José
author_facet García del Hoyo, Juan José
Jiménez Toribio, Ramón
Castilla Espino, David
author_role author
author2 Jiménez Toribio, Ramón
Castilla Espino, David
author2_role author
author
dc.contributor.none.fl_str_mv
dc.subject.none.fl_str_mv Value chain
Anchovy
Price volatility
Asymmetry
Multivariate GARCH
5312.01 Agricultura, Silvicultura, Pesca
5302 Econometría
topic Value chain
Anchovy
Price volatility
Asymmetry
Multivariate GARCH
5312.01 Agricultura, Silvicultura, Pesca
5302 Econometría
description This study examines the price volatility transmission of fresh anchovies (Engraulis encrasicolus) among different markets along the value chain in Spain. For this purpose, the prices in the first-hand sale, wholesale, and retail markets are considered. A vector autoregressive (VAR) model and an asymmetric multivariate generalised autoregressive conditional heteroskedasticity (MGARCH) model are used to analyse the relationship of price volatility among the markets in the value chain. The results indicate that the retail market has the lowest volatility. Therefore, volatility in the first-hand sale and wholesale markets is only minimally transmitted to consumers. Finally, asymmetric effects are observed in the price volatility transmission along the fresh anchovy value chain.
publishDate 2023
dc.date.none.fl_str_mv 2023
2023-01-09
2023
2023-01-09
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10272/21633
url https://hdl.handle.net/10272/21633
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelva
instname:Universidad de Huelva (UHU)
instname_str Universidad de Huelva (UHU)
reponame_str Arias Montano. Repositorio Institucional de la Universidad de Huelva
collection Arias Montano. Repositorio Institucional de la Universidad de Huelva
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,811543

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