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Registro completo
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Biblioteca (s) : |
INIA Las Brujas. |
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Fecha : |
06/06/2019 |
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Actualizado : |
06/06/2019 |
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Tipo de producción científica : |
Artículos en Revistas Indexadas Internacionales |
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Autor : |
LANFRANCO, B.; FERRARO, B.; ROSTÁN, F. |
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Afiliación : |
BRUNO ANTONIO LANFRANCO CRESPO, INIA (Instituto Nacional de Investigación Agropecuaria), Uruguay; BRUNO FERRARO ALBERTONI, INIA (Instituto Nacional de Investigación Agropecuaria), Uruguay; FRANCISCO ROSTÁN, Investigador Independiente. |
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Título : |
Cointegration and price linkages in the MERCOSUR beef cattle markets. |
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Fecha de publicación : |
2019 |
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Fuente / Imprenta : |
International Journal of Food and Agricultural Economics, 2019, Vol. 7, No. 2, pp. 159-174. |
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ISSN : |
2147-8988 / E-ISSN: 2149-3766 |
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Idioma : |
Inglés |
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Contenido : |
ABSTRACT.
This research provides empirical evidence of the degree of integration of Mercosur region beef cattle markets with the international market. Prices for six spatially distinct cattle markets located in the four countries were analyzed using a fractional cointegration approach. The analysis included the computation of fractional integration parameters and the error term of the cointegration equations. The null hypothesis of ?separate markets? could not be rejected in any of the cases. This conclusion is absolute for Argentina; there is strong evidence of separate markets with Uruguay, which was chosen as a proxy of the international market. For Brazil and Paraguay, empirical results may suggest a weak degree of market integration but not enough to reject the null hypothesis. Despite the common price and industry trends in the
different markets, their responses to specific price shocks were dissimilar and, most importantly, the reversion of the prices to equilibrium was always slow |
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Palabras claves : |
CATTLE PRICES; ECONOMIC BLOC; FRACTIONAL COINTEGRATION; MARKET INTEGRATION; THE LAW OF ONE PRICE. |
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Asunto categoría : |
E10 Economía y políticas agrícolas |
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URL : |
http://www.ainfo.inia.uy/digital/bitstream/item/12785/1/Vol7.No2.pp159.pdf
http://www.foodandagriculturejournal.com/Vol7.No2.pp159.pdf
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Marc : |
LEADER 01685naa a2200217 a 4500
001 1059823
005 2019-06-06
008 2019 bl uuuu u00u1 u #d
022 $a2147-8988 / E-ISSN: 2149-3766
100 1 $aLANFRANCO, B.
245 $aCointegration and price linkages in the MERCOSUR beef cattle markets.$h[electronic resource]
260 $c2019
520 $aABSTRACT. This research provides empirical evidence of the degree of integration of Mercosur region beef cattle markets with the international market. Prices for six spatially distinct cattle markets located in the four countries were analyzed using a fractional cointegration approach. The analysis included the computation of fractional integration parameters and the error term of the cointegration equations. The null hypothesis of ?separate markets? could not be rejected in any of the cases. This conclusion is absolute for Argentina; there is strong evidence of separate markets with Uruguay, which was chosen as a proxy of the international market. For Brazil and Paraguay, empirical results may suggest a weak degree of market integration but not enough to reject the null hypothesis. Despite the common price and industry trends in the different markets, their responses to specific price shocks were dissimilar and, most importantly, the reversion of the prices to equilibrium was always slow
653 $aCATTLE PRICES
653 $aECONOMIC BLOC
653 $aFRACTIONAL COINTEGRATION
653 $aMARKET INTEGRATION
653 $aTHE LAW OF ONE PRICE
700 1 $aFERRARO, B.
700 1 $aROSTÁN, F.
773 $tInternational Journal of Food and Agricultural Economics, 2019, Vol. 7, No. 2, pp. 159-174.
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Registro original : |
INIA Las Brujas (LB) |
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| Registros recuperados : 143 | |
| 72. |  | LANFRANCO, B.; ROBAINA, R.; SAN JULIÁN, R. Encuestas a responsables del procesamiento industrial. Encuestas y entrevistas de percepción a agentes calificados de la cadena cárnica ovina. Fase II. In: MONTOSSI, F. (Ed.). Auditoría de calidad de la cadena cárnica ovina del Uruguay, 1a. Montevideo (Uruguay): INIA, 2003. p. 3-6 (INIA Serie Técnica; 138)| Tipo: Capítulo en Libro Técnico-Científico |
| Biblioteca(s): INIA La Estanzuela; INIA Las Brujas; INIA Tacuarembó. |
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| Registros recuperados : 143 | |
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