Integración e transmisión de prezos entre os mercados de millo e do polo de engorde en Brasil
The objective of this paper is to evaluate the dynamics of price transmission between corn and poultry markets in Brazil from 2000 to 2010. The Dickey-Fuller Generalized Least Square (DF-GLS) unit root test, the Granger causality (1969), the Johansen cointegration test (1988), Vector Error Correctio...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universidade de Santiago de Compostela
2013-01-01
|
| Series: | Revista Galega de Economía |
| Online Access: | http://www.redalyc.org/articulo.oa?id=39129564010 |
| _version_ | 1818096699473657856 |
|---|---|
| author | Carlos Eduardo Caldarelli |
| author_facet | Carlos Eduardo Caldarelli |
| author_sort | Carlos Eduardo Caldarelli |
| collection | DOAJ |
| description | The objective of this paper is to evaluate the dynamics of price transmission between corn and poultry markets in Brazil from 2000 to 2010. The Dickey-Fuller Generalized Least Square (DF-GLS) unit root test, the Granger causality (1969), the Johansen cointegration test (1988), Vector Error Correction Model (VEC) and the weak exogenicity tests are applied. We can conclude that have a long run interaction between corn and poultry markets in Brazil (cointegration). The estimated elasticity price transmission shows that 40% of the variations in the corn prices are transmitted to the chicken prices. The exogenicity test indicated that price transmission between this markets are unidirectional, the corn price can consi- dered weak exogenous. |
| first_indexed | 2024-12-10T23:08:47Z |
| format | Article |
| id | doaj.art-2929657363314cbc81151cf604697d5e |
| institution | Directory Open Access Journal |
| issn | 1132-2799 |
| language | English |
| last_indexed | 2024-12-10T23:08:47Z |
| publishDate | 2013-01-01 |
| publisher | Universidade de Santiago de Compostela |
| record_format | Article |
| series | Revista Galega de Economía |
| spelling | doaj.art-2929657363314cbc81151cf604697d5e2022-12-22T01:30:00ZengUniversidade de Santiago de CompostelaRevista Galega de Economía1132-27992013-01-01222219234Integración e transmisión de prezos entre os mercados de millo e do polo de engorde en BrasilCarlos Eduardo CaldarelliThe objective of this paper is to evaluate the dynamics of price transmission between corn and poultry markets in Brazil from 2000 to 2010. The Dickey-Fuller Generalized Least Square (DF-GLS) unit root test, the Granger causality (1969), the Johansen cointegration test (1988), Vector Error Correction Model (VEC) and the weak exogenicity tests are applied. We can conclude that have a long run interaction between corn and poultry markets in Brazil (cointegration). The estimated elasticity price transmission shows that 40% of the variations in the corn prices are transmitted to the chicken prices. The exogenicity test indicated that price transmission between this markets are unidirectional, the corn price can consi- dered weak exogenous.http://www.redalyc.org/articulo.oa?id=39129564010 |
| spellingShingle | Carlos Eduardo Caldarelli Integración e transmisión de prezos entre os mercados de millo e do polo de engorde en Brasil Revista Galega de Economía |
| title | Integración e transmisión de prezos entre os mercados de millo e do polo de engorde en Brasil |
| title_full | Integración e transmisión de prezos entre os mercados de millo e do polo de engorde en Brasil |
| title_fullStr | Integración e transmisión de prezos entre os mercados de millo e do polo de engorde en Brasil |
| title_full_unstemmed | Integración e transmisión de prezos entre os mercados de millo e do polo de engorde en Brasil |
| title_short | Integración e transmisión de prezos entre os mercados de millo e do polo de engorde en Brasil |
| title_sort | integracion e transmision de prezos entre os mercados de millo e do polo de engorde en brasil |
| url | http://www.redalyc.org/articulo.oa?id=39129564010 |
| work_keys_str_mv | AT carloseduardocaldarelli integracionetransmisiondeprezosentreosmercadosdemilloedopolodeengordeenbrasil |