CAUSAL RELATIONSHIPS BETWEEN GRAIN, MEAT PRICES AND EXCHANGE RATES
Understanding agricultural commodity price relationships are important as they help producers improve their awareness regarding production costs and ultimately aid in income determination. The present paper empirically examines the dynamic interrelationships among grain, meat prices and the U.S....
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| Format: | Article |
| Language: | English |
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International Journal of Food and Agricultural Economics
2017-10-01
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| Series: | International Journal of Food and Agricultural Economics |
| Subjects: | |
| Online Access: | http://www.foodandagriculturejournal.com/Vol5.No4.pp1.pdf |
| _version_ | 1797915281822056448 |
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| author | Naveen Musunuru |
| author_facet | Naveen Musunuru |
| author_sort | Naveen Musunuru |
| collection | DOAJ |
| description | Understanding agricultural commodity price relationships are important as they help
producers improve their awareness regarding production costs and ultimately aid in income
determination. The present paper empirically examines the dynamic interrelationships among
grain, meat prices and the U.S. dollar exchange rate. Johansen cointegration tests reveal no
cointegrating relationships among the study variables. Majority of the commodities studied
in the paper exhibited unidirectional causality except for corn and lean hogs. The vector
autoregression (VAR) model results indicate that the grain and meat prices are influenced by
their own past prices. The role of exchange rates is found to be limited in linking the
agricultural commodities. |
| first_indexed | 2024-04-10T12:39:18Z |
| format | Article |
| id | doaj.art-26c72d317b50487fb52aa608235e4469 |
| institution | Directory Open Access Journal |
| issn | 2147-8988 |
| language | English |
| last_indexed | 2024-04-10T12:39:18Z |
| publishDate | 2017-10-01 |
| publisher | International Journal of Food and Agricultural Economics |
| record_format | Article |
| series | International Journal of Food and Agricultural Economics |
| spelling | doaj.art-26c72d317b50487fb52aa608235e44692023-02-15T16:14:24ZengInternational Journal of Food and Agricultural EconomicsInternational Journal of Food and Agricultural Economics2147-89882017-10-0154110CAUSAL RELATIONSHIPS BETWEEN GRAIN, MEAT PRICES AND EXCHANGE RATESNaveen Musunuru0Murray State University, USAUnderstanding agricultural commodity price relationships are important as they help producers improve their awareness regarding production costs and ultimately aid in income determination. The present paper empirically examines the dynamic interrelationships among grain, meat prices and the U.S. dollar exchange rate. Johansen cointegration tests reveal no cointegrating relationships among the study variables. Majority of the commodities studied in the paper exhibited unidirectional causality except for corn and lean hogs. The vector autoregression (VAR) model results indicate that the grain and meat prices are influenced by their own past prices. The role of exchange rates is found to be limited in linking the agricultural commodities.http://www.foodandagriculturejournal.com/Vol5.No4.pp1.pdfCausalityCointegrationExchange RatesGrain and Meat PricesVAR |
| spellingShingle | Naveen Musunuru CAUSAL RELATIONSHIPS BETWEEN GRAIN, MEAT PRICES AND EXCHANGE RATES International Journal of Food and Agricultural Economics Causality Cointegration Exchange Rates Grain and Meat Prices VAR |
| title | CAUSAL RELATIONSHIPS BETWEEN GRAIN, MEAT PRICES AND EXCHANGE RATES |
| title_full | CAUSAL RELATIONSHIPS BETWEEN GRAIN, MEAT PRICES AND EXCHANGE RATES |
| title_fullStr | CAUSAL RELATIONSHIPS BETWEEN GRAIN, MEAT PRICES AND EXCHANGE RATES |
| title_full_unstemmed | CAUSAL RELATIONSHIPS BETWEEN GRAIN, MEAT PRICES AND EXCHANGE RATES |
| title_short | CAUSAL RELATIONSHIPS BETWEEN GRAIN, MEAT PRICES AND EXCHANGE RATES |
| title_sort | causal relationships between grain meat prices and exchange rates |
| topic | Causality Cointegration Exchange Rates Grain and Meat Prices VAR |
| url | http://www.foodandagriculturejournal.com/Vol5.No4.pp1.pdf |
| work_keys_str_mv | AT naveenmusunuru causalrelationshipsbetweengrainmeatpricesandexchangerates |