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 | ||||