Research Article

Is There Any Link Between Cattle Milk Price and Beef Production? - Empirical Evidence from Turkey

Volume: 27 Number: 1 June 30, 2021
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Is There Any Link Between Cattle Milk Price and Beef Production? - Empirical Evidence from Turkey

Abstract

Purpose: This study aims to investigate the impact of cattle milk prices on beef production from 1970 through 2018 for Turkey.

Design/Methodology/Approach: The structural properties of the series and prior tests refer to that cointegration analysis should be conducted to establish the impact of cattle milk prices on beef production. In this context, the bounds testing approach is employed to analyze the long-run relationship between variables. Following the long-run cointegration relationship between variables is confirmed, the econometric model of the study is estimated by using the autoregressive distributed lag (ARDL) approach.

Findings: The findings of the bounds testing approach indicate that the existence of the cointegration relationship between cattle milk prices and beef production in the long run. According to the estimation results of the ARDL model, beef production decreases owing to higher milk prices. The negative effect of cattle milk prices on beef production may be explained that as milk prices increase, the number of dairy cows dispatching to slaughter decreases, and hereby beef production cuts down. On the other hand, cutting down milk prices leads to an increase in dispatching of dairy cows to be slaughtered, which results in harming the production of male calves (the main fattening material) and the dairy market. Therefore, policy measures to prevent the fluctuations in milk prices will able to support beef production as well.

Originality/Value: The study is, to the best of our knowledge, the first one which focuses on the link between cattle milk prices and beef production for Turkey.

Keywords

References

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  6. Çobanoğlu, F. (2010). Koyck-Almon Yaklaşımı İle Çilek Üretimi ve Fiyat İlişkisinin Analizi. Türkiye IX.Tarım Ekonomisi Kongresi. Şanlıurfa.
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Details

Primary Language

English

Subjects

Agricultural Engineering, Business Administration

Journal Section

Research Article

Publication Date

June 30, 2021

Submission Date

April 5, 2021

Acceptance Date

June 25, 2021

Published in Issue

Year 2021 Volume: 27 Number: 1

APA
Akça, E., & Hayran, S. (2021). Is There Any Link Between Cattle Milk Price and Beef Production? - Empirical Evidence from Turkey. Tarım Ekonomisi Dergisi, 27(1), 31-37. https://izlik.org/JA56ML99EP
AMA
1.Akça E, Hayran S. Is There Any Link Between Cattle Milk Price and Beef Production? - Empirical Evidence from Turkey. TJAE. 2021;27(1):31-37. https://izlik.org/JA56ML99EP
Chicago
Akça, Emrah, and Seyit Hayran. 2021. “Is There Any Link Between Cattle Milk Price and Beef Production? - Empirical Evidence from Turkey”. Tarım Ekonomisi Dergisi 27 (1): 31-37. https://izlik.org/JA56ML99EP.
EndNote
Akça E, Hayran S (June 1, 2021) Is There Any Link Between Cattle Milk Price and Beef Production? - Empirical Evidence from Turkey. Tarım Ekonomisi Dergisi 27 1 31–37.
IEEE
[1]E. Akça and S. Hayran, “Is There Any Link Between Cattle Milk Price and Beef Production? - Empirical Evidence from Turkey”, TJAE, vol. 27, no. 1, pp. 31–37, June 2021, [Online]. Available: https://izlik.org/JA56ML99EP
ISNAD
Akça, Emrah - Hayran, Seyit. “Is There Any Link Between Cattle Milk Price and Beef Production? - Empirical Evidence from Turkey”. Tarım Ekonomisi Dergisi 27/1 (June 1, 2021): 31-37. https://izlik.org/JA56ML99EP.
JAMA
1.Akça E, Hayran S. Is There Any Link Between Cattle Milk Price and Beef Production? - Empirical Evidence from Turkey. TJAE. 2021;27:31–37.
MLA
Akça, Emrah, and Seyit Hayran. “Is There Any Link Between Cattle Milk Price and Beef Production? - Empirical Evidence from Turkey”. Tarım Ekonomisi Dergisi, vol. 27, no. 1, June 2021, pp. 31-37, https://izlik.org/JA56ML99EP.
Vancouver
1.Emrah Akça, Seyit Hayran. Is There Any Link Between Cattle Milk Price and Beef Production? - Empirical Evidence from Turkey. TJAE [Internet]. 2021 Jun. 1;27(1):31-7. Available from: https://izlik.org/JA56ML99EP