Open Access Journal Article

An empirical investigation of the linkages between conventional and organic milk markets in Austria

by Panos Fousekis a,*
a
Department of Economics, Aristotle University, Thessaloniki, Greece
*
Author to whom correspondence should be addressed.
EAL  2024 3(3):65; https://doi.org/10.58567/eal03030006
Received: 20 March 2024 / Accepted: 29 April 2024 / Published Online: 18 November 2024
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Abstract

This work investigates the strength and the pattern of linkages among the three markets of qualitatively differentiated milk (i.e., conventional, organic without heymilk, and organic with heymilk) in Austria using the flexible TVP-VAR frequency connectedness approach and information on prices from 2018 to 2023. The main empirical findings are: (a) Taken together, the markets have maintained a moderate degree of connectedness to each other.  (b) Price linkages have been frequency-dependent; much of the adjustments to incoming information have been completed within 3 months. (c) Connectedness has been asymmetric; the highest quality (organic with heymilk) has been a net transmitter of price shocks to organic without heymilk. (d) The intensity of connectedness has been time-varying; however, the internal structure of the market network (i.e., the net transmitters and receivers of price shocks) has remained fairly stable.

Keywords: Milk, Conventional, Organic, Austria, Connectedness;
Copyright: © 2024 by Fousekis. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Fousekis, P. An empirical investigation of the linkages between conventional and organic milk markets in Austria. Economic Analysis Letters, 2024, 3, 65. https://doi.org/10.58567/eal03030006
AMA Style
Fousekis P. An empirical investigation of the linkages between conventional and organic milk markets in Austria. Economic Analysis Letters; 2024, 3(3):65. https://doi.org/10.58567/eal03030006
Chicago/Turabian Style
Fousekis, Panos 2024. "An empirical investigation of the linkages between conventional and organic milk markets in Austria" Economic Analysis Letters 3, no.3:65. https://doi.org/10.58567/eal03030006
APA style
Fousekis, P. (2024). An empirical investigation of the linkages between conventional and organic milk markets in Austria. Economic Analysis Letters, 3(3), 65. https://doi.org/10.58567/eal03030006

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