Abstract
This paper aims to investigate the transmission of beef meat prices along the supply chain in Lithuania. A set of econometric techniques allows studying relationships between prices on the farm and at the retail store level during the period from 2010 to 2017. The Johansen co-integration test confirms the presence of the long-run co-movement of prices on upstream and downstream levels of the beef meat supply chain. In the short-run, the price on the farm Granger causes the development of prices on the downstream level and findings suggest an evidence of the price-setting leadership on the upstream level. The error correction model shows the adjustment of the analysed prices towards the equilibrium with a rate of speed 25%.
Jurkėnaitė, N.; Paparas, D. 2019. The Investigation of the Lithuanian Beef Meat Supply Chain. Scientific Papers Series Management, Economic Engineering in Agriculture and Rural Development. Vol.19, Issue 4, p. 127-132, print ISSN2284-7995,e-ISSN2285-3952, [Emerging Sources Citation Index (Web of Science Core Collection), Google Scholar, Index Copernicus, Ulrich's Periodicals Directory, PBN (Polish Scholary Bibliography), OCLC (WorldCat), SCIPIO, Research Bible, Cabi, Directory of Open Access Journals].