Meyer, Stefan
[VerfasserIn]
;
Yu, Xiaohua
[AkademischeR BetreuerIn];
Yu, Xiaohua
[Sonstige Person, Familie und Körperschaft];
Brümmer, Bernhard
[Sonstige Person, Familie und Körperschaft];
Kneib, Thomas
[Sonstige Person, Familie und Körperschaft]
Estimation of the long-run food price equilibrium in Germany, the U.S. and Europe
Beschreibung:
In this thesis, so far insufficiently considered characteristics of long-run equilibriums in food markets are investigated. For this purpose, multivariate time series methodologies, which were developed for the estimation of long-run relationships by allowing for causality and convergence, are employed. In three essays, the proposed procedures are applied to food prices in Germany, the United States and Europe. The long-run equilibrium is defined as a state of an economic system (e.g. a market), to which the variables of the system revert as a consequence of economic mechanisms after being ...