The Cost-Price Squeeze in Agriculture: An Application of Cointegration
β Scribed by Charles B. Moss
- Book ID
- 125717811
- Publisher
- Oxford University Press
- Year
- 1992
- Tongue
- English
- Weight
- 1010 KB
- Volume
- 14
- Category
- Article
- ISSN
- 1058-7195
- DOI
- 10.2307/1349500
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This paper discusses the practical application of identiΓΏcation in cointegrated systems. It will argue that in a common realistic modelling situation of a limited data set and the theory requirements of a fairly rich model, the techniques proposed in the existing literature are almost impossible to
Producer spot (cash) prices of cotton from the Southwest region were compared to futures prices for cotton to examine the cashJutures price relationship using the cointegration technique. The results showed that the cash producer price and the futures price were not consistently related. The futures