Abstract

The scope of this paper is to investigate the impact of market deregulation on the level of farm-gate prices and the competitiveness of raw milk producers in Greece along the suggested lines of OECD. For this purpose, we use a dynamic panel data approach. We argue that the full openness of the relevant milk market segment had significant implications for the level of farmgate prices in the industry. On the one hand, market deregulation causes the increase of farmgate prices and, on the other hand, a fiercer market competition proxied by the increase in the number of firms in the industry results in a decrease in farmgate milk prices. Lastly, our empirical findings remain robust under different methodologies and sample splitting, providing a focal point to policymakers and government officials for the ex-post evaluation of the proposed OECD deregulation strategies.

摘要

本文的范围是根据OECD的建议，研究市场放松管制对农场门槛价格水平和希腊原料奶生产商竞争力的影响。为此，我们使用动态面板数据方法。我们认为，相关奶类市场的完全开放性对该行业中农场价格的水平具有重大影响。一方面，市场管制放松导致农场主价格上涨，另一方面，由于该行业公司数量的增加而加剧的激烈的市场竞争导致农场主牛奶价格下降。最后，我们的经验发现在不同的方法论和样本分割下仍然很稳健，