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The Impact of Macrovariables on the Farm Sector: Some Further Evidence

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  • Tegene, Abebayehu

Abstract

Granger-causality tests and Sims' VAR technique were used to analyze the impact of macrovariables on farm output and prices in the U.S. for the period 1934-1987. Granger-causality tests show one-way causality from the macrovariables to the farm sector variables, and this is supported by impulse response functions from a VAR model. Money and interest rate effects on agricultural prices and output are apparent in the data.

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  • Tegene, Abebayehu, 1990. "The Impact of Macrovariables on the Farm Sector: Some Further Evidence," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(1), pages 77-86, July.
    • Handle: RePEc:cup:jagaec:v:22:y:1990:i:01:p:77-86_00
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    2. Alogoskoufis, George & Varangis, Panos, 1992. "OECD fiscal policies and the relative prices of primary commodities," Policy Research Working Paper Series 955, The World Bank.
    3. Dmitry Burakov, 2016. "Elasticity of Agricultural Prices in Russia: An Empirical Study of Energy and Monetary Channels," International Journal of Energy Economics and Policy, Econjournals, vol. 6(3), pages 551-562.

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