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Abstract
This study investigates the relationship between international and local pork prices in ten net pork-importing countries from 2001 to 2018. The research finds that high self-sufficiency and low pig meat trade volume hinder price volatility transmission from the global market. This does not advocate for protectionism but offers insights into balancing efficient resource allocation and market stability.
Publisher
Humanities & Social Sciences Communications
Published On
Jan 06, 2022
Authors
Jin Guo, Tetsuji Tanaka
Tags
pork prices
international trade
market stability
price transmission
self-sufficiency
economics
resource allocation
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