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Causality Among Fed Cattle Market Variables: Directed Acyclic Graphs Analysis Of Captive Supply

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Author Info
Lee, Andrew C.
Kim, Man-Keun

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Abstract

In quantitative research, direction of causality among the variables is often assumed without a rigorous test. In this study, the directed acyclic graph (DAG) method was used to illuminate causal relationships among fed cattle industry variables, in particular, it was shown that captive supply causes spot market price to change.

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Publisher Info
Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2004 Annual meeting, August 1-4, Denver, CO with number 20124.

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Date of creation: 2004
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Handle: RePEc:ags:aaea04:20124

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Keywords: Research Methods/ Statistical Methods;

References listed on IDEAS
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  1. Hoover, Kevin D., 2003. "Some causal lessons from macroeconomics," Journal of Econometrics, Elsevier, vol. 112(1), pages 121-125, January. [Downloadable!] (restricted)
  2. Feuz, Dillon & Grimes, Glenn & Koontz, Stephen R. & Lawrence, John D. & Purcell, Wayne D. & Schroeder, Ted C. & Ward, Clement E., 2002. "Comments on Economic Impacts of Proposed Legislation to Prohibit Beef and Pork Packer Ownership, Feeding, or Control of Livestock," Staff General Research Papers 10134, Iowa State University, Department of Economics.
  3. Bessler, David A. & Yang, Jian, 2003. "The structure of interdependence in international stock markets," Journal of International Money and Finance, Elsevier, vol. 22(2), pages 261-287, April. [Downloadable!] (restricted)
  4. David A Bessler & Jian Yang & Metha Wongcharupan, 2003. "Price Dynamics in the International Wheat Market: Modeling with Error Correction and Directed Acyclic Graphs," Journal of Regional Science, Blackwell Publishing, vol. 43(1), pages 1-33. [Downloadable!] (restricted)
  5. Norman R. Swanson & C. W.J. Granger, 1992. "Impulse Response Functions Based on a Causal Approach to Residual Orthogonalizaton in Vector Autoregressions," University of California at San Diego, Economics Working Paper Series 92-50, Department of Economics, UC San Diego. [Downloadable!]
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This page was last updated on 2009-12-11.


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