박문수 이경희 황선웅 2018-11-15T09:42:36Z 2018-11-15T09:42:36Z 2012-04-21 RE35-1-01 http://repository.krei.re.kr/handle/2018.oak/19932 The purpose of this study is to identify the price transmission mechanism in livestock markets in Korea as well as the market, in the marketing hierarchy, that has played important role in price discovery. To this end, this study used a time series analysis based on contemporaneous causal relationship, while taking into account the prices of substitutes as well. It showed that the retail price in beef markets and the wholesale prices in pork markets are most important in price discovery. When a short-term impact occurs, the producer price explains most of forecast error variance in beef and the wholesale price explains most of it in pork. We expect that the result of the study would contribute to understanding price trends and forecasting livestock prices. The purpose of this study is to identify the price transmission mechanism in livestock markets in Korea as well as the market, in the marketing hierarchy, that has played important role in price discovery. To this end, this study used a time series analysis based on contemporaneous causal relationship, while taking into account the prices of substitutes as well. It showed that the retail price in beef markets and the wholesale prices in pork markets are most important in price discovery. When a short-term impact occurs, the producer price explains most of forecast error variance in beef and the wholesale price explains most of it in pork. We expect that the result of the study would contribute to understanding price trends and forecasting livestock prices. 1. 서론 2. 분석 모형 및 자료 3. 분석 결과 4. 요약 및 결론 한국농촌경제연구원 축산물 유통단계 간 가격발견과정 및 인과관계 분석 Price Discovery Process in Livestock Markets: A Causal Analysis KREI 논문 28 1 Park, Moonsoo Lee, Kyunghee Hwang, Sunoong page. 1 - 28 축산물 가격발견 방향지시 비순환성 그래프 동시적 인과관계 livestock price discovery directed acyclic graph contemporaneous causal relationship