Open Access Te Herenga Waka-Victoria University of Wellington
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Infestations as a Natural Disaster: The Economic Impacts of the Fonterra Whey Protein Concentrate Contamination Incident

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posted on 2021-11-15, 15:28 authored by Stojkov, Katarina

This paper presents the results from an investigation into the economic implications for New Zealand of the 2013 Whey Protein Concentrate contamination incident (popularly known as the Fonterra Botulism scare). It assesses the impact of this incident to dairy exports using synthetic control methods. A synthetic counterfactual scenario where the incident did not occur is developed using weighted averages of the dairy exports of countries unaffected by the scare. The research finds that there was an initial negative shock to the exports of products that were thought to have been contaminated, but that there were no significant sustained impacts on other dairy products. The affected products make up only a small proportion of New Zealand dairy exports, with the vast majority of dairy exports being unaffected products. Infant formula exports appear to have recovered somewhat in the long run, however whey product exports remain lower than they otherwise would have been.

History

Copyright Date

2016-01-01

Date of Award

2016-01-01

Publisher

Te Herenga Waka—Victoria University of Wellington

Rights License

Author Retains Copyright

Degree Discipline

Economics

Degree Grantor

Te Herenga Waka—Victoria University of Wellington

Degree Level

Masters

Degree Name

Master of Commerce

ANZSRC Type Of Activity code

3 APPLIED RESEARCH

Victoria University of Wellington Item Type

Awarded Research Masters Thesis

Language

en_NZ

Victoria University of Wellington School

School of Economics and Finance

Advisors

Noy, Ilan; Saglam, Yigit