Integration And Price Transmission Between Corn And Chicken Markets In Brazil
The objective of this paper is to evaluate the dynamics of price transmission between corn and poultry markets in Brazil from 2000 to 2010. The Dickey-Fuller Generalized Least Square (DF-GLS) unit root test, the Granger causality (1969), the Johansen cointegration test (1988), Vector Error Correction Model (VEC) and the weak exogenicity tests are applied. We can conclude that have a long run interaction between corn and poultry markets in Brazil (cointegration). The estimated elasticity price transmission shows that 40% of the variations in the corn prices are transmitted to the chicken prices. The exogenicity test indicated that price transmission between this markets are unidirectional, the corn price can considered weak exogenous.
Volume (Year): 22 (2013)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Web page: http://www.usc.es/econo/RGE/benvidag.htm
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:sdo:regaec:v:22:y:2013:i:2_10. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Iglesias Casal)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.