| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Dynamic Relationships Among U.S. Wheat-Related Markets: Applying Directed Acyclic Graphs to a Time Series Model
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| Autores: |
Babula, Ronald A.
Bessler, David A.
Payne, Warren S.
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| Data: |
2008-09-04
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| Ano: |
2004
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| Palavras-chave: |
Bernanke structural VARs
Directed acyclic graphs
Quarterly wheat-related markets
C22
Q11
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| Resumo: |
Using advanced methods of directed acyclic graphs with Bernanke structural vector autoregression models, this article extends recent econometric research on quarterly U.S. markets for wheat and wheat-based value-added products downstream. Analyses of impulse response simulations and forecast error variance decompositions provide updated estimates of market elasticity parameters that drive these markets, and updated policy-relevant information on how these quarterly markets run and dynamically interact. Results suggest that movements in wheat and downstream wheat-based markets strongly influence each other, although most of these effects occur at the longer-run horizons beyond a single crop cycle.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/42896
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| Relação: |
Journal of Agricultural and Applied Economics>Volume 36, Number 01, April 2004
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| Formato: |
22
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