Asymmetry in price transmission between the producer and the consumer prices in the wood sector and the role of imports: The case of Greece

摘要: Abstract The present paper studies the existence of asymmetry in price transmission mechanism between producer and consumer prices sector forest products. In particular, research is focused οn round wood long length (> 2 m). For study asymmetry, Johansen cointegration analysis was used while at same time two dynamic models were estimated: Error Correction Model (ECM Model), LSE−Henry general to specific model (GETS model). With assistance technique, we surveyed a long-run relationship producers consumers Greek market, application Granger causality test has shown that causes whereas reverse not valid. Furthermore, GETS confirmed within market. Finally, role imports determination vital by findings technique test.