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Görüntüleme (gezinme ile): -- Görüntüleme (arama ile): -- IP: 3.144.250.223 -- Ziyaretçi Sayısı:
Özgün Başlık Price Transmission and Pass-Through Effect in U.s. Alcoholic Beverage Industries Yazarlar T. Parker Ballinger, J. Bert Stine, Mark A. Thompson Dergi Adı Abant İzzet Baysal Üniversitesi İktisadi ve İdari Bilimler Fakültesi Ekonomik ve Sosyal Araştırmalar Dergisi Cilt Bahar 2009, Cilt 5, Sayı 1, ss. 23-38 Anahtar Kelimeler Inflation ; Stationarity ; Vector Autoregression ; Pass-Through Effect ; Alcoholic Beverage Industries Özet This paper examines the time-series properties of price changes among sectors of the U.S. alcoholic beverage industries. Utilizing vector autoregression and impulse response analysis, the pass-through effect between the producer price index and consumer price index is examined for breweries, distilleries, and wineries. The findings suggest that industry-level price changes are stationary with significant pass-through effects in breweries and wineries. The implications are that price shocks are temporary and may transmit onto consumers in the form of higher (or lower) prices. Understanding industry-level price dynamics are important to managers in formulating long-term cost estimates, budget formation, and forecasting price changes in alcoholic beverage industries. |