Corn|broiler price transmissions and structural change since the 1950s
Monthly vector autoregressions of corn, farm broiler, and retail broiler prices were estimated for 1956:1-1968:12 (early period) and 1973:1-1985:11 (recent period), and then validated 36 months beyond each sample. Statistically significant evidence suggests that the dynamic manner in which corn price increases elicit broiler price changes has changed since the 1950s. Corn price increases are now more likely to be passed on to broiler consumers, and more immediately. Evidence further suggests that since the early period, significant change has occurred at the retail level, and that corn price has become a more important broiler price determinant.
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Volume (Year): 7 (1991)
Issue (Month): 3 ()
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- Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
- Van Tassell, Larry W. & Bessler, David A., 1988. "Dynamic Price Adjustments Between Commercial And Purebred Cattle Markets," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(02), December.
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