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Evaluating International Price Relationships Using Causal Models

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  • Blank, Steven C.

Abstract

This study proposes and evaluates a new procedure for use in analysis of both international and domestic agricultural markets and prices. The method combines causality tests and path analysis. Causal models of international prices of dairy products are presented as empirical examples. Results have implications for both dairy market structure and competitiveness, and the robustness of Granger-type causality tests.

Suggested Citation

  • Blank, Steven C., 1987. "Evaluating International Price Relationships Using Causal Models," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 270103, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea87:270103
    DOI: 10.22004/ag.econ.270103
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