Next Article in Journal
The Effect of Selected Factors on Separation Efficiency in a Pneumatic Conical Separator
Next Article in Special Issue
Are Protected Geographical Indications Evolving Due to Environmentally Related Justifications? An Analysis of Amendments in the Fruit and Vegetable Sector in the European Union
Previous Article in Journal
Hybrid Genetic Algorithm-Based Approach for Estimating Flood Losses on Structures of Buildings
Previous Article in Special Issue
Geographical Indication to Build up Resilient Rural Economies: A Case Study from Ghana
Open AccessArticle

Geographical Indications and Price Volatility Dynamics of Lamb Prices in Spain

1
Centro de Investigación y Tecnología Agroalimentaria (CITA), Unidad de Economía Agraria y de los Recursos Naturales, 50059 Zaragoza, Spain
2
Instituto Agroalimentario de Aragón, Universidad de Zaragoza, 50013 Zaragoza, Spain
3
Department of Agricultural Economics, Faculty of Agriculture, Cairo University, Giza 12613, Egypt
4
Centre de Recerca en Economia i Desenvolupament Agroalimentari (CREDA)-UPC-IRTA, 08860 Castelldefels, Spain
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(7), 3048; https://doi.org/10.3390/su12073048
Received: 11 March 2020 / Revised: 2 April 2020 / Accepted: 8 April 2020 / Published: 10 April 2020
(This article belongs to the Special Issue Geographical Indications, Public Goods, and Sustainable Development)
For decades, food quality standards have attracted the interest of governance institutions and regulation authorities, who have responded to the increasing and demanding societal challenges. In addition, the open debate on significant variability and unusually high levels of agrifood prices recorded in 2007 and later in 2011 affect the behavior of the chain actors involved. As an attempt to bring together these wide concerns within a quantitative framework, a comparative analysis of the performance of the price volatility dynamics allowing for asymmetric behavior along the supply chain of a protected geographical indication (PGI)-certified lamb and its corresponding non-PGI counterpart, both located in the same region of Spain, was undertaken using weekly farm-retail prices for the period 2011–2018. The results indicate the existence of significant volatilities and an asymmetric transmission mechanism along the non-PGI-certified lamb supply chain, whereas the PGI-certified supply chain is impacted by volatility effects, yet characterized by symmetric behavior, which may suggest a high degree of relative market efficiency. View Full-Text
Keywords: food quality schemes; geographical indication; price volatility; cointegration; multivariate GARCH; asymmetry; lamb; supply chain food quality schemes; geographical indication; price volatility; cointegration; multivariate GARCH; asymmetry; lamb; supply chain
Show Figures

Figure 1

MDPI and ACS Style

Ferrer-Pérez, H.; Abdelradi, F.; Gil, J.M. Geographical Indications and Price Volatility Dynamics of Lamb Prices in Spain. Sustainability 2020, 12, 3048.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Search more from Scilit
 
Search
Back to TopTop