Skip to main content

Table 5 The model for pork consumer prices with 14 lags

From: Russian meat price transmission and policy interventions in 2014

Effects of substitution (consumer prices in other meat markets) Pork chain effects (prices in pork markets)
Product Lag Estimation (SE) Level Lag Estimation (SE)
  no 0(0)    
Beef 1  − 0.05(0.09) Consumer 1 0.62(0.07) ***
  2 0.11(0.10)   2 0.22(0.08) **
  3  − 0.19(0.10).   3  − 0.24(0.08) **
  4 0.14(0.10)   4 0.07(0.08)
  5 0(0.10)   5  − 0.09(0.08)
  6  − 0.26(0.10) **   6  − 0.04(0.08)
  7 0.23(0.10) *   7 0.05(0.08)
  8 0.05(0.10)   8 0.04(0.08)
  9  − 0.01(0.10)   9 0.02(0.08)
  10 0.16(0.10).   10  − 0.08(0.08)
  11  − 0.13(0.10)   11  − 0.04(0.08)
  12  − 0.07(0.09)   12  − 0.07(0.08)
  13 0.10(0.09)   13 0.16(0.08) *
  14  − 0.10(0.07)   14 0.05(0.06)
Poultry 1 0.04(0.08) Importer 1 0(0)
  2 0.06(0.09)   2 0(0)
  3  − 0.02(0.09)   3 0.01(0) *
  4 0(0.09)   4 0.02(0) ***
  5 0.04(0.09)   5 0(0)
  6  − 0.17(0.09).   6  − 0.01(0)
  7 0.10(0.09)   7 0(0)
  8  − 0.04(0.09)   8  − 0.01(0).
  9  − 0.08(0.09)   9 0(0)
  10 0.04(0.09)   10 0.01(0).
  11  − 0.11(0.09)   11 0.01(0).
  12 0.16(0.09).   12 0(0)
  13 0.03(0.08)   13  − 0.01(0) *
  14  − 0.03(0.08)   14 0(0)
    Producer 1 0.02(0.01) **
     2 0.03(0.01) ***
     3 0.01(0.01)
     4 0.01(0.01)
     5 0.01(0.01)
     6 0(0.01)
     7 0(0.01)
     8  − 0.01(0.01)
     9 0.02(0.01).
     10 0.01(0.01)
     11 0.01(0.01)
     12 0.01(0.01)
     13  − 0.02(0.01).
     14  − 0.01(0.01)
Portmanteau test (p value)   0.06    
ARCH test (p value)   1    
Normality test (p value)   0    
Stability test   passed    
Granger test   0    
Number of observations   328    
Adjusted R-squared   0.70    
  1. See also Fig. 3 for the impulse response functions for this model
  2. Significance codes: ‘***’p ≤ 0.001, ‘**’p ≤ 0.01, ‘*’p ≤ 0.05, ‘.’p ≤ 0.1. ARCH test uses 24 lags. Portmanteau test uses 40 lags