The volatility of beef and lamb prices in Turkiye: The role of COVID-19, livestock imports, and energy prices.

ABSTRACT: This study examines the volatility of beef and lamb prices in Türkiye, as food price inflation compromises the food security of low- and middle-income households. The inflation is the result of a rise in energy (gasoline) prices leading to an increase in production costs, together with a disruption of the supply chain by the COVID-19 pandemic. This study is the first to comprehensively explore the effects of multiple price series on meat prices in Türkiye. Using price records from April 2006 through February 2022, the study applies rigorous testing and selects the VAR(1)-asymmetric BEKK bivariate GARCH model for empirical analysis. The beef and lamb returns were affected by periods of livestock imports, energy prices, and the COVID-19 pandemic, but those factors influenced the short- and l

SUBMITTER: Bozma G 

PROVIDER: S-EPMC10010543 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature