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Structural Changes in Korean Livestock Prices

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  • Kwon, Ohbok

Abstract

A vector autoregressive 0/ AR) model with grid search that allows parameters to vary with time was applied to investigate the structural break points and the speed of adjustment for Korean livestock prices. Our results suggest that VAR for Korean beef prices experienced a rather rapid structural shift in the mid 1987 while pork prices showed gradual structural break in the early 1991. Chicken prices experienced a structural change centered on late 1984. Beef, pork, and chicken prices experienced a structural change in the early 1980s.

Suggested Citation

  • Kwon, Ohbok, 2001. "Structural Changes in Korean Livestock Prices," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 24(4), December.
    • Handle: RePEc:ags:jordng:288115
    DOI: 10.22004/ag.econ.288115
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    Keywords

    Livestock Production/Industries;

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