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Table 1 Literature review of existing vertical milk price transmission studies

From: Vertical price transmission in Swiss dairy and cheese value chains

Authors Time period Method Region Level Products Frequ. Coint. Asymm.
Acosta and Valdés (2014) 1991–2011 Asymm. ECM Panama F, W Milk Monthly Yes Positive
Antonioli et al. (2019) 2001–2015 Asymm. VECM (TAR/MTAR) Italy Pr, R Milk (organic) Monthly Yes No
Antonioli and Santeramo (2017) 2000–2016 Asymm. ECM Italy Pr, R Milk Monthly Yes Positive
Bakucs and Fertő (2008) 1992–2007 Gregory-Hansen cointegration Hungary F, R Milk Monthly Yes Positive
Bakucs et al. (2012) 1995–2007 Asymm. VECM Poland and Hungary F, R Milk Monthly Yes Partly
Bittmann et al. (2017) 2005–2011 Panel four-regime ECM Germany W, R Milk Weekly Yes n/a
Bolotova and Novakovic (2012) 1991–2008 MUM (Houck 1977; Heien 1980) 5 New York State cities F, R Milk Monthly Yes Positive
Bor et al. (2014) 2003–2012 Asymm. ECM Turkey F, R Milk Monthly Yes Positive
Capps and Sherwell (2007) 1994–2002 Asymm. ECM Seven US cities F, R Milk Monthly Yes Positive
Chavas and Mehta (2004) 1980–2001 Asymm. ECM USA W, R Butter Monthly Yes Positive
De Oliveira et al. (2015) 2001–2011 VECM/VAR in first differences Portugal mainland and Azores Feed, F, R Milk Monthly Partly n/a
Falkowski (2010) 1995–2006 Asymm. VECM Poland F, R Milk Monthly Yes Positive
Fernández-Amador et al. (2010) 1996–2010 TVECM Austria F, R Milk, butter, cheese Monthly Yes Positive
Jaffry and Grigoryev (2011) 1989a–2010 Asymm. ECM UK F, W, R Milk, cheddar Monthly Yes Partly
Kharin (2015) 2002–2014 ADL Russia F, R Milk Monthly No n/a
Kharin et al. (2017) 2010–2016 VECM Slovak Republic F, Pr, R Milk Monthly Yes Partly
Lass (2005) 1982–2001 MUM (Kinnucan and Forker 1987) Boston, MA; Hartford, CT F, R Milk Monthly Yes Positive
Liu et al. (2017) 2006–2011 Asymm. VECM USA F, R Milk Monthly Yes Positive
Loy et al. (2015) 2005–2008 Panel TVECM Germany W, R Milk, butter Weekly Yes Positive
Serra and Goodwin (2003) 1994–2000 Asymm. TVECM Spain F, R 14 products Weekly Yes Positive
Stewart and Blayney (2011) 2000–2010 Linear, threshold, and cubic polynomial ECM USA F, R Milk, cheddar Monthly Yes Positive
Zeng and Gould (2016) 2001–2011 Asymm. ECM 16 US cities F, R Milk Monthly Yes Partly
  1. ADL autoregressive distributed lags model, (M)TAR (momentum) threshold autoregressive model, MUM mark-up model, (T)(V)ECM (threshold) (vector) error correction model, VAR vector autoregressive, F farm gate, Pr processor, R retail, W wholesale, n/a not tested
  2. aVarying starting points from 1989 to 2007, depending on availability. For a more detailed overview on US milk price transmission studies, see US Government Accountability Office (2004, pp. 136–149)