| 초록 |
This paper investigates asymmetric price transmission between producer and consumer prices of major agricultural products. Unlike previous studies, we use a distributed lag model as a base equation and extend it to a general asymmetric price transmission model. The developed model allow us to test the asymmetric price transmission between producer and consumer prices as well as between the current and past consumer prices. Estimation results indicate that there exist positive asymmetric price transmission between producer and consumer prices for onion, persimmon and zuchinni.
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