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Response of irish creamery milk supply to price changes

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File Type:
PDF
Item Type:
Journal Article
Date:
1982
Author:
Cuddy, Michael
Citation:
Michael Cuddy, 'Response of irish creamery milk supply to price changes', Economic and Social Research Institute, Economic and Social Review, Vol.13 (Issue 2), 1982, 1982, pp101-110
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Link to the full text item   (v13n21982_2.pdf)  483.7Kb
Abstract:
Precis: This article investigates the responsiveness of creamery milk supply to changes in the price of milk relative to agricultural materials. A basic model, which includes milk and livestock price variables and a Gini co-efficient of cow concentration (a proxy for technological change) is modified to test pre- and post-EEC response differences. The effects of the milk price variables are isolated using the method of principal components. Price responsiveness was higher in the post- than pre-EEC period with largest responses shown after a two to three year lag. The technology effect although positive was not significant.
URI:
http://hdl.handle.net/2262/68700
Author: Cuddy, Michael
Publisher:
Economic & Social Studies
Type of material:
Journal Article
URI:
http://hdl.handle.net/2262/68700
Collections
  • Economic and Social Review Archive: Complete Collection 1969-
  • The Economic and Social Review, Vol. 13, No. 2, 1982
Series/Report no:
Economic and Social Review
Vol.13 (Issue 2), 1982
Availability:
Full text available
Subject:
Economics, Agriculture - Dairy
ISSN:
0012-9984
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