Description
Title: The Polish-Czech Milk Market as a Case Study in Spatial Market Integration
Abstract: Market efficiency can be better understood through analyses of spatial market integration, which also inform policymakers about the role that markets play in competitiveness and economic growth. Although the integration of agri-food markets is frequently discussed in economic literature, there has been relatively little study of the dairy industry. With an in-depth analysis of the spatial milk and dairy product market integration between two neighboring countries—Poland and Czechia—using regional data, including both production and processing levels, this paper fills the knowledge gap. The only long-run price relationships between the Czech Republic and Poland are for milk and skimmed milk powder (SMP), according to an econometric analysis of time series spanning the years 2001–2021. The study’s findings support the notion that regional specialization, close proximity of markets, strong trade ties, and shared EU accession moment are factors influencing spatial price relationships between the Czech Republic and Poland.
Keywords: spatial integration; market; cointegration; milk; dairy products; Poland; Czechia
Paper Quality: SCOPUS / Web of Science Level Research Paper
Subject: Economics
Writer Experience: 20+ Years
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