Long-Run Trend Analysis Of Counter-Cycle Program Commodity Prices In The Farm Security And Rural Development Act Of 2002
This study provides empirical evidence on whether corn, sorghum, oat, barley, wheat, rice, soybeans, cotton, and peanuts exhibit cyclical patterns in their historical prices. The results of time-series analysis support a newly added counter-cyclical payment in the Farm Security and Rural Investment Act of 2002 for all crops except corn.
|Date of creation:||2003|
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- Cuddington, John T & Urzua, Carlos M, 1989. "Trends and Cycles in the Net Barter Terms of Trade: A New Approach," Economic Journal, Royal Economic Society, vol. 99(396), pages 426-42, June.
- Nelson, Charles R. & Plosser, Charles I., 1982. "Trends and random walks in macroeconmic time series : Some evidence and implications," Journal of Monetary Economics, Elsevier, vol. 10(2), pages 139-162.
- Cuddington, John T., 1992. "Long-run trends in 26 primary commodity prices : A disaggregated look at the Prebisch-Singer hypothesis," Journal of Development Economics, Elsevier, vol. 39(2), pages 207-227, October.
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