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Regime Switching In Us Livestock Cycles

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  • Chao, Hui-Ping

Abstract

We use an extension of Hamilton's (1989) Markov switching techniques to describe and analyze livestock cycles. Test results show evidence of switching behavior. We find evidence of asymmetry in cattle cycles. Dates for cattle cycles based on this model are consistent with the cattle cycle indicator in Lessor (1993).

Suggested Citation

  • Chao, Hui-Ping, 1998. "Regime Switching In Us Livestock Cycles," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20824, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20824
    DOI: 10.22004/ag.econ.20824
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    References listed on IDEAS

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    Keywords

    Livestock Production/Industries;

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