한우 유통단계의 가격변동성 이전효과

• 영문명: The Price Volatility Spillover in Hanwoo Marketing Channel
• 발행기관: 한국농식품정책학회
• 저자명: 정경수 함영곤
• 간행물 정보: 『농업경영.정책연구』농업경영·정책연구 33권 3호, 715~726쪽, 전체 12쪽
• 주제분류: 농수해양 > 식품과학
• 파일형태: PDF
• 발행일자: 2006.09.30

영문 초록

This paper investigates the volatilities of the prices of Korean Hanwoo industry. The EGARCH model is applied to analyze the asymmetric and spillover effects of the external price shock. This study finds empirical evidence that every price series in Hanwoo industry represent the GARCH effect, that changes in Hanwoo cattle price is negatively correlated with changes in price volatility, and that the spillover effect of the calf price on the cattle price in Hanwoo industry is statistically significant. The significance of the spillover effect of the Hanwoo calf price onto cattle price indirectly justifies the Korean government s stabilization policy of Hanwoo cattle production through the policy pro1양am for the calf market.

목차

Abstract

I. 서론

II. 한우산업의 가격변동과 추이

III. 가격변동성과 이전효과 분석

IV. 결론

참고문헌

키워드

price volatility spillover effect EGARCH Hanwoo industry