Point-Location모델을 이용한 산지시장가격의 동태적 구조 분석

A Study on the Spatial Linkage and Price Dynamics by Point-Location Model of Kyungpook Cattle Markets in Korea

This study uses a cointegration method based on point-location model to analyze spatial price relationship among kyungpook cattle markets in korea. According to the results, there is a cointegration relationship between prices of male and female cattle markets. This suggest that these markets are linked with the single market spatially. The prices of Koryoung female cattle market in south and Youngju female cattle market in north have influence on the price change of other female cattle markets and play an important role in price movement of other female cattles. In case of impulse response results, the price of female cattle market appears to adjust to equilibrium level faster than that of male cattle market.