Purpose: The purpose is to detect the nonlinearity wholesale rice price formation process in Italy in the 1995–2017 period. Design/methodology/approach: A nonlinear smooth transition autoregressive (STAR)-type dynamics model is used. Findings: Wholesale rice prices are significantly affected by variations in the international price of rice as well as variations in Arborio price. Research limitations/implications: The limitations include policy recommendations for the production and commercialization of rice in Italy. Practical implications: Understanding rice pricing dynamics and nonlinearity behavior is pivotal for the survival of the entire European and Italian rice supply chain. Originality/value: In the extant literature, no evidence exists on non-linearity of rice prices in Italy.
Barboza, G., Gavinelli, L., Pede, V., Mazzucchelli, A., Di Gregorio, A. (2021). A contribution to the empirics of food price behavior: the case of rice price dynamics in Italy. BRITISH FOOD JOURNAL, 123(1), 419-440 [10.1108/BFJ-12-2019-0937].
A contribution to the empirics of food price behavior: the case of rice price dynamics in Italy
Gavinelli L.
;Mazzucchelli A.;Di Gregorio A.
2021
Abstract
Purpose: The purpose is to detect the nonlinearity wholesale rice price formation process in Italy in the 1995–2017 period. Design/methodology/approach: A nonlinear smooth transition autoregressive (STAR)-type dynamics model is used. Findings: Wholesale rice prices are significantly affected by variations in the international price of rice as well as variations in Arborio price. Research limitations/implications: The limitations include policy recommendations for the production and commercialization of rice in Italy. Practical implications: Understanding rice pricing dynamics and nonlinearity behavior is pivotal for the survival of the entire European and Italian rice supply chain. Originality/value: In the extant literature, no evidence exists on non-linearity of rice prices in Italy.
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