The ripple effect of animal disease outbreaks on food systems: The case of African Swine Fever on the Chinese pork market
Authors: Acosta, A., Lloyd, T., McCorriston, S. and Lan, H.
Journal: Preventive Veterinary Medicine
Volume: 215
ISSN: 0167-5877
DOI: 10.1016/j.prevetmed.2023.105912
Abstract:Research on animal health economics has emphasised the importance of accounting for the indirect economic effects of animal disease outbreaks. Although recent studies have advanced in this direction by assessing consumer and producer welfare losses due to asymmetric price adjustments, potential over-shifting effects along the supply chain and spill-overs to substitute markets have been under-examined. This study contributes to this field of research by assessing the direct and indirect effects of the African swine fever (ASF) outbreak on the pork market in China. We employ impulse response functions estimated by local projection to calculate the price adjustments for consumers and producers, as well as the cross-effect in other meat markets. The results show that the ASF outbreak led to increases in both farmgate and retail prices but the rise in retail prices exceeded the corresponding change in farmgate prices. Furthermore, beef and chicken prices also rose, demonstrating the spill-over impacts of the outbreak to other markets. Overall, the evidence illustrates that a disruption in one part of a food system can have significant ripple effects across other parts of the system.
https://eprints.bournemouth.ac.uk/38638/
Source: Scopus
The ripple effect of animal disease outbreaks on food systems: The case of African Swine Fever on the Chinese pork market.
Authors: Acosta, A., Lloyd, T., McCorriston, S. and Lan, H.
Journal: Prev Vet Med
Volume: 215
Pages: 105912
eISSN: 1873-1716
DOI: 10.1016/j.prevetmed.2023.105912
Abstract:Research on animal health economics has emphasised the importance of accounting for the indirect economic effects of animal disease outbreaks. Although recent studies have advanced in this direction by assessing consumer and producer welfare losses due to asymmetric price adjustments, potential over-shifting effects along the supply chain and spill-overs to substitute markets have been under-examined. This study contributes to this field of research by assessing the direct and indirect effects of the African swine fever (ASF) outbreak on the pork market in China. We employ impulse response functions estimated by local projection to calculate the price adjustments for consumers and producers, as well as the cross-effect in other meat markets. The results show that the ASF outbreak led to increases in both farmgate and retail prices but the rise in retail prices exceeded the corresponding change in farmgate prices. Furthermore, beef and chicken prices also rose, demonstrating the spill-over impacts of the outbreak to other markets. Overall, the evidence illustrates that a disruption in one part of a food system can have significant ripple effects across other parts of the system.
https://eprints.bournemouth.ac.uk/38638/
Source: PubMed
The ripple effect of animal disease outbreaks on food systems: The case of African Swine Fever on the Chinese pork market
Authors: Acosta, A., Lloyd, T., McCorriston, S. and Lan, H.
Journal: PREVENTIVE VETERINARY MEDICINE
Volume: 215
eISSN: 1873-1716
ISSN: 0167-5877
DOI: 10.1016/j.prevetmed.2023.105912
https://eprints.bournemouth.ac.uk/38638/
Source: Web of Science (Lite)
The ripple effect of animal disease outbreaks on food systems: The case of African Swine Fever on the Chinese pork market.
Authors: Acosta, A., Lloyd, T., McCorriston, S. and Lan, H.
Journal: Preventive veterinary medicine
Volume: 215
Pages: 105912
eISSN: 1873-1716
ISSN: 0167-5877
DOI: 10.1016/j.prevetmed.2023.105912
Abstract:Research on animal health economics has emphasised the importance of accounting for the indirect economic effects of animal disease outbreaks. Although recent studies have advanced in this direction by assessing consumer and producer welfare losses due to asymmetric price adjustments, potential over-shifting effects along the supply chain and spill-overs to substitute markets have been under-examined. This study contributes to this field of research by assessing the direct and indirect effects of the African swine fever (ASF) outbreak on the pork market in China. We employ impulse response functions estimated by local projection to calculate the price adjustments for consumers and producers, as well as the cross-effect in other meat markets. The results show that the ASF outbreak led to increases in both farmgate and retail prices but the rise in retail prices exceeded the corresponding change in farmgate prices. Furthermore, beef and chicken prices also rose, demonstrating the spill-over impacts of the outbreak to other markets. Overall, the evidence illustrates that a disruption in one part of a food system can have significant ripple effects across other parts of the system.
https://eprints.bournemouth.ac.uk/38638/
Source: Europe PubMed Central
The ripple effect of animal disease outbreaks on food systems: The case of African Swine Fever on the Chinese pork market
Authors: Acosta, A., Lloyd, T., McCorriston, S. and Lan, H.
Journal: Preventive Veterinary Medicine
Volume: 215
Pages: 1-8
ISSN: 0167-5877
Abstract:Research on animal health economics has emphasised the importance of accounting for the indirect economic effects of animal disease outbreaks. Although recent studies have advanced in this direction by assessing consumer and producer welfare losses due to asymmetric price adjustments, potential over-shifting effects along the supply chain and spill-overs to substitute markets have been under-examined. This study contributes to this field of research by assessing the direct and indirect effects of the African swine fever (ASF) outbreak on the pork market in China. We employ impulse response functions estimated by local projection to calculate the price adjustments for consumers and producers, as well as the cross-effect in other meat markets. The results show that the ASF outbreak led to increases in both farmgate and retail prices but the rise in retail prices exceeded the corresponding change in farmgate prices. Furthermore, beef and chicken prices also rose, demonstrating the spill-over impacts of the outbreak to other markets. Overall, the evidence illustrates that a disruption in one part of a food system can have significant ripple effects across other parts of the system.
https://eprints.bournemouth.ac.uk/38638/
Source: BURO EPrints