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Granger Causality and U.S. Crop and Livestock Prices

Published online by Cambridge University Press:  28 April 2015

Rod F. Ziemer  and
Glenn S. Collins
Rod F. Ziemer
Affiliation:
Department of Agricultural Economics, Texas A&M University
Glenn S. Collins
Affiliation:
Department of Agricultural Economics, Texas A&M University Ben Kennedy and Associates, Inc.
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Abstract

Agricultural economists have recently been attracted to procedures suggested by Granger and others which allow observed data to reveal causal relationships. Results of this study indicate that “causality” tests can be ambiguous in identifying behavioral relationships between agricultural price variables. Caution is suggested when using such procedures for model choice.

Keywords

Granger causalitycausality testsautoregressive processes
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 16 , Issue 1 , July 1984 , pp. 115 - 120
Copyright
Copyright © Southern Agricultural Economics Association 1984

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