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Registros recuperados: 10 | |
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Babula, Ronald A.; Bessler, David A.; Payne, Warren S.. |
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. |
Tipo: Journal Article |
Palavras-chave: Bernanke structural VARs; Directed acyclic graphs; Quarterly wheat-related markets; C22; Q11. |
Ano: 2004 |
URL: http://purl.umn.edu/42896 |
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Awokuse, Titus O.. |
Existing empirical evidence on the impact of macroeconomic variables on agriculture remains mixed and inconclusive. This paper re-examines the dynamic relationship between monetary policy variables and agricultural prices using alternative vector autoregression (VAR) type model specifications. Directed acyclic graph theory is proposed as an alternative modeling approach to supplement existing modeling methods. Similar to results in other studies, this studys findings show that over the time period analyzed (19752000), changes to money supply as a monetary policy tool had little or no impact on agricultural prices. The primary macroeconomic policy instrument that affects agricultural prices is the exchange rate, which is shown to be directly linked to... |
Tipo: Journal Article |
Palavras-chave: Agricultural prices; Cointegration; Directed acyclic graphs; Monetary policy; VAR; Agricultural and Food Policy; Demand and Price Analysis. |
Ano: 2005 |
URL: http://purl.umn.edu/10239 |
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Awokuse, Titus O.. |
Previous studies on post-reform market performance of Chinese grain markets have produced mixed results. This paper employs province-level price data to determine if China's food market liberalization policies in the 1990s resulted in interregional rice market integration. Furthermore, this study extends the literature on spatial market integration by augmenting multivariate cointegration modeling techniques with directed acyclic models (DAGs), a recently developed statistical method for analyzing contemporaneous causal relationships. While the empirical results confirm the existence of strong market linkages subsequent to the reforms of the early 19902, the linkages became less as the Chinese government reversed several reform policies in the mid-1990s.... |
Tipo: Journal Article |
Palavras-chave: Directed acyclic graphs; Grain prices; Interregional trade; Market liberalization; Spatial price dynamics; Marketing. |
Ano: 2007 |
URL: http://purl.umn.edu/8603 |
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Palma, Marco A.; Ribera, Luis A.; Bessler, David A.; Paggi, Mechel S.; Knutson, Ronald D.. |
This study investigates the potential impacts of food safety outbreaks on domestic shipments, imports, and prices of the produce industry. Three case studies were analyzed to assess these potential impacts: the cantaloupe outbreak of March–April 2008, the spinach outbreak of September 2006, and the tomato outbreak of June–July 2008. Data-determined historical decompositions were conducted to provide a weekly picture of domestic shipment, import, and price fluctuation transmissions. The empirical analysis based on a vector autoregression (VAR) model showed differences in the results depending on the source of the outbreak (domestic vs. imported). |
Tipo: Journal Article |
Palavras-chave: Directed acyclic graphs; Food safety; Fresh produce; Historical decomposition; Outbreaks; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Consumer/Household Economics; Crop Production/Industries; Farm Management; Financial Economics; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; Marketing; Production Economics; Productivity Analysis; Q13. |
Ano: 2010 |
URL: http://purl.umn.edu/100526 |
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Registros recuperados: 10 | |
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