中文摘要：

本文基于2001-2014年欧盟、美国、中国及世界粮农组织（FAO）猪肉价格月度数据,利用SUR模型考察了国际猪肉价格对主要猪肉市场零售价格的波动影响及溢出效应。研究发现,国际猪肉市场对各主要区域的零售价格存在着短期的非对称溢出效应,传导方式和途径也有不同。相较于美国,我国的猪价溢出效应更接近于欧盟。本文认为随着中国市场进口量的增大,世界猪价对中国猪肉零售市场的冲击和传导溢出效应逐渐显现,密切关注国际猪价及汇率波动对中国猪肉零售市场的冲击具有现实意义。

英文摘要：

Based 2001-2014 EU, the US, China and FAO pork prices monthly data using the SUR model, it examines the impact of fluctuations in international prices of pork and spillover effects of major market retail prices. The study found that there is asymmetric spillover effectsin the international pork mar- ket to the retail prices of the main regions, And the ways and means of con- duction are also different. Compared to the United States, China＇s pork price spillover effect is much closer to the EU. This paper argues that with the in- crease of imports of Chinese market, the world＇s pork price impact and spillover effects on conduction of pork in China retail market is gradually e- merging, how to deal with the international pork price impact on China＇s retail market has practical significance.