From: The distortion in the EU feed market due to import constraints on genetically modified soy
Dep. Var. (\(\Delta {y}_{t}\)) | \(\Delta {\mathit{ln}SoyNonGM}_{Swd,t}\) | \(\Delta {\mathit{ln}SoyNonGM}_{AT,t}\) | ||
---|---|---|---|---|
Sweden.Ref | Sweden.Alt | Austria.Ref | Austria.Alt | |
\(Adjustment coeft.\) | − 0.289*** (0.066) | − 0.283*** (0.082) | − 0.357*** (0.075) | − 0.400*** (0.076) |
\(\Delta {y}_{t-1}\) | 0.025 (0.052) | − 0.027 (0.086) | – | – |
\(\Delta {y}_{t-2}\) | 0.144*** (0.050) | 0.211** (0.061) | – | – |
\(\Delta {\mathit{ln}SoyNonGM}_{Brz,t-1}^{+}\) | 0.077* (0.088) | 0.093 (0.091) | 0.090 (0.086) | 0.038 (0.089) |
\(\Delta {\mathit{ln}SoyNonGM}_{Brz,t-2}^{+}\) | – | − 0.004 (0.083) | – | – |
\(\Delta {\mathit{ln}SoyNonGM}_{Brz,t-3}^{+}\) | – | − 0.140* (0.074) | – | – |
\(\Delta {\mathit{ln}SoyNonGM}_{Brz,t-1}^{-}\) | 0.332*** (0.081) | 0.327*** (0.081) | 0.048 (0.112) | 0.018 (0.112) |
\(\Delta {\mathit{ln}SoyNonGM}_{Brz,t-2}^{-}\) | – | – | − 0.196* (0.103) | − 0.150* (0.090) |
\(\Delta {\mathit{ln}SoyNonGM}_{Arg,t-1}\) | 0.362*** (0.071) | 0.361*** (0.071) | 0.389*** (0.093) | 0.342*** (0.093) |
\(\Delta {\mathit{ln}SoyNonGM}_{Arg,t-2}\) | – | − 0.063 (0.075) | 0.178** (0.069) | – |
\(\Delta {\mathit{ln}SoyNonGM}_{Arg,t-3}\) | – | – | 0.140*** (0.050) | – |
\(\Delta {SD}_{1}\) | 0.012 (0.008) | 0.011 (0.007) | − 0.012 (0.011) | − 0.011 (0.011) |
\(\Delta {SD}_{2}\) | 0.024*** (0.008) | 0.027*** (0.008) | − 0.010 (0.010) | − 0.011 (0.010) |
\(\Delta DU\) | 0.128*** (0.029) | 0.127*** (0.029) | 0.026 (0.016) | 0.014 (0.015) |
\(\Delta DB\) | − 0.009 (0.011) | − 0.004 (0.010) | − 0.002* (0.001) | − 0.001* (0.001) |
\(\Delta {\mathit{ln}SoyGM}_{t-1}\) | – | 0.005 (0.053) | – | 0.192* (0.116) |