Price transmission in the Hungarian pork market
Abstract This study examines price transmission dynamics in the Hungarian pork market from 2017 to 2023, focusing on the effects of price controls implemented to combat inflation. Inflation and price control policies have been central topics in economic research due to their significant impacts on m...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2025-04-01
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| Series: | Agricultural and Food Economics |
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| Online Access: | https://doi.org/10.1186/s40100-025-00353-x |
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| _version_ | 1850201565463314432 |
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| author | Tibor Bareith Imre Fertő Szilárd Podruzsik |
| author_facet | Tibor Bareith Imre Fertő Szilárd Podruzsik |
| author_sort | Tibor Bareith |
| collection | DOAJ |
| description | Abstract This study examines price transmission dynamics in the Hungarian pork market from 2017 to 2023, focusing on the effects of price controls implemented to combat inflation. Inflation and price control policies have been central topics in economic research due to their significant impacts on market behavior and consumer welfare. Utilizing linear and nonlinear cointegration approaches, we explore how these regulatory interventions influence producer and consumer price relationships. Our findings reveal persistent asymmetry in long-term price transmission, with producer price increases having a greater impact on consumer prices than decreases, highlighting delayed and partial adjustments to price fluctuations. Short-term dynamics, however, show no such asymmetry. Additionally, our analysis indicates that price pressures originate primarily from the consumer side, as consumer prices have a causal effect on producer prices. These results provide novel insights into the role of regulatory measures, like price controls, in shaping market dynamics under inflationary pressures. |
| format | Article |
| id | doaj-art-82c54e672f3f4f54870fb67a3e21f862 |
| institution | OA Journals |
| issn | 2193-7532 |
| language | English |
| publishDate | 2025-04-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Agricultural and Food Economics |
| spelling | doaj-art-82c54e672f3f4f54870fb67a3e21f8622025-08-20T02:11:58ZengSpringerOpenAgricultural and Food Economics2193-75322025-04-0113111410.1186/s40100-025-00353-xPrice transmission in the Hungarian pork marketTibor Bareith0Imre Fertő1Szilárd Podruzsik2HUN-REN Centre for Economic and Regional StudiesHUN-REN Centre for Economic and Regional StudiesHUN-REN Centre for Economic and Regional StudiesAbstract This study examines price transmission dynamics in the Hungarian pork market from 2017 to 2023, focusing on the effects of price controls implemented to combat inflation. Inflation and price control policies have been central topics in economic research due to their significant impacts on market behavior and consumer welfare. Utilizing linear and nonlinear cointegration approaches, we explore how these regulatory interventions influence producer and consumer price relationships. Our findings reveal persistent asymmetry in long-term price transmission, with producer price increases having a greater impact on consumer prices than decreases, highlighting delayed and partial adjustments to price fluctuations. Short-term dynamics, however, show no such asymmetry. Additionally, our analysis indicates that price pressures originate primarily from the consumer side, as consumer prices have a causal effect on producer prices. These results provide novel insights into the role of regulatory measures, like price controls, in shaping market dynamics under inflationary pressures.https://doi.org/10.1186/s40100-025-00353-xPrice transmissionPork marketPrice controlNARDL model |
| spellingShingle | Tibor Bareith Imre Fertő Szilárd Podruzsik Price transmission in the Hungarian pork market Agricultural and Food Economics Price transmission Pork market Price control NARDL model |
| title | Price transmission in the Hungarian pork market |
| title_full | Price transmission in the Hungarian pork market |
| title_fullStr | Price transmission in the Hungarian pork market |
| title_full_unstemmed | Price transmission in the Hungarian pork market |
| title_short | Price transmission in the Hungarian pork market |
| title_sort | price transmission in the hungarian pork market |
| topic | Price transmission Pork market Price control NARDL model |
| url | https://doi.org/10.1186/s40100-025-00353-x |
| work_keys_str_mv | AT tiborbareith pricetransmissioninthehungarianporkmarket AT imreferto pricetransmissioninthehungarianporkmarket AT szilardpodruzsik pricetransmissioninthehungarianporkmarket |