Year-end Sale % OFF 
Abstract
For decades, food quality standards have attracted the interest of governance institutions and regulation authorities, who have responded to the increasing and demanding societal challenges. In addition, the open debate on significant variability and unusually high levels of agrifood prices recorded in 2007 and later in 2011 affect the behavior of the chain actors involved. As an attempt to bring together these wide concerns within a quantitative framework, a comparative analysis of the performance of the price volatility dynamics allowing for asymmetric behavior along the supply chain of a protected geographical indication (PGI)-certified lamb and its corresponding non-PGI counterpart, both located in the same region of Spain, was undertaken using weekly farm-retail prices for the period 2011–2018. The results indicate the existence of significant volatilities and an asymmetric transmission mechanism along the non-PGI-certified lamb supply chain, whereas the PGI-certified supply chain is impacted by volatility effects, yet characterized by symmetric behavior, which may suggest a high degree of relative market efficiency.
Highlights
The 1992 reform of the Common Agricultural Policy (CAP) has contributed to the support of rural development as well as the promotion of food quality, which has led to the development of four food quality schemes
Since the start of the World Trade Organization agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs) in the mid-1990s, geographical indications as an integral part of food quality schemes have been demonstrated as powerful tools to deliver important benefits for sustainable rural development at socioeconomic and environmental levels [3]
This paper focuses on the Protected Geographical Indication (PGI) Cordero de Navarra and on its reference counterpart
Summary
The 1992 reform of the Common Agricultural Policy (CAP) has contributed to the support of rural development as well as the promotion of food quality, which has led to the development of four food quality schemes (regulated by [1,2]). Food quality standards have increasingly attracted the interest of governance institutions and regulation authorities worldwide as a relevant tool to respond to the demanding societal challenges around the increasing demand for local food quality production, food security, and supply chain quality control mechanisms like traceability and food system sustainability In this regard, efforts have been directed towards improving the effectiveness of the food quality schemes because of the potential they have in the domestic and international markets to achieve competitiveness and social and territorial cohesion. Previous research dealing with price transmission dynamics in a protected supply chain is scarce, and only the authors of [25,26] investigated the vertical transmission of prices in levels along the supply chain for organic milk and PDO Parmigiano Reggiano, respectively, for a recent period after the longstanding global crisis Both studies provided a comparative analysis of the behavior of price dynamics in levels of the quality-differentiated product and its conventional counterpart.
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
