Analysis of Red Meat Prices with Garch Method: The Case of Turkey

Merve Ayyıldız, Adnan Çiçek

Abstract


Approximately 90% of the red meat consumption in Turkey is the beef. On the basis of consumption, beef is mostly equated with veal and therefore the price of veal is widely used in price evaluations. It is known that the change in veal prices is a very effective factor on consumption. In this study, it was aimed to investigate the fluctuations in veal prices. GARCH (1,1) model was used to determine the price uncertainty in the period between January 2005 and December 2017. According to the model results, veal prices reacted with big jumps to any shock such as economic and political instability, food crisis, natural events. It was determined that the price of veal meat could return to normal for a long time period according to the average price. In the study, foreign trade policies towards gaining a stable structure of red meat prices in Turkey should not be ignored. However, it has been concluded that policies supporting bovine supply should be developed as a complement to supply policies for cattle breeding.

Keywords


Price volatility; GARCH Analysis; Veal; Turkey; Time series

Full Text:

PDF (Türkçe)


DOI: https://doi.org/10.24925/turjaf.v6i12.1775-1780.2095

 Creative Commons License
This work is licensed under Creative Commons Attribution 4.0 International License

ISSN: 2148-127X

Turkish JAF Sci.Tech.

Turkish Journal of Agriculture - Food Science and Technology (TURJAF) is indexed by the following national and international scientific indexing services:



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 





Our Journals

Turkish Journal of Agriculture - Food Science and Technology

International Journal of Poultry - Ornamental Birds Science and Technology

Turkish Research Journal of Academic Social Science

Turkish Research Journal of Academic Technical Science

Turkish Research Journal of Academic Health and Medical Sciences

Our congresses

International Anatolian Agriculture, Food, Environment and Biology Congress (TARGID)

International Congress of the Turkish Journal of Agriculture - Food Science and Technology (TURJAF)

Our Youtube Channel

TURAS TV

Our Books

Our Scientific Books

About Us

The Turkish Science and Technology Publishing (TURSTEP) is an online and open-access platform to publish recent research and articles of scholars worldwide. Founded in 2013 and based in Turkey, the TURSTEP as a platform for academics, educators, scholars, and students from Turkey and around the world, to connect with one another. The TURSTEP disseminates research that is proven or predicted to be of significant influence for the general public.

       

Contact Us

Please send all inquiries to the email:

teditor@agrifoodscience.com

Business Adress

Eğriköprü Mh. 75-28. Sk. 11/10 58050 Merkaz/Sivas, Turkey