Agric. Econ. - Czech, 2023, 69(12):510-522 | DOI: 10.17221/320/2023-AGRICECON

Price transmission between maize and poultry product markets in the Visegrád Group countries: What is more nonlinear, egg or chicken?Original Paper

Sergei Kharin ORCID...1, Zuzana Kapustova ORCID...2, Ivan Lichner ORCID...1
1 Institute of Economic Research, Slovak Academy of Sciences, Bratislava, Slovakia
2 Faculty of Economics and Management, Slovak University of Agriculture in Nitra, Nitra, Slovakia

In this article, we present applied research in the field of price transmission modelling with the generalised additive model. In line with recent studies on nonlinear time series models for price transmission, we introduce a nonparametric technique of generalised additive modelling to provide evidence of nonlinear patterns in price linkages and compare the degree of nonlinearity in price transmission between feed maize and poultry product markets in the Visegrád Group countries. The results of our empirical approach contribute to knowledge about market competitiveness in the Visegrád Group countries and provide information to policymakers.

Keywords: generalised additive model; nonlinearity; poultry markets; time series

Received: September 26, 2023; Revised: November 30, 2023; Accepted: December 4, 2023; Published: December 19, 2023  Show citation

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Kharin S, Kapustova Z, Lichner I. Price transmission between maize and poultry product markets in the Visegrád Group countries: What is more nonlinear, egg or chicken? Agric. Econ. - Czech. 2023;69(12):510-522. doi: 10.17221/320/2023-AGRICECON.
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