A cross-spectral analysis of beef prices

Changes in retail beef prices lag price changes at other market levels. At the slaughter level, quantity lags prices by approximately nine months over the higher frequencies (short run), but price and quantity are out of phase over the lower frequencies (long run). Independent causality tests suppor...

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Veröffentlicht in:American journal of agricultural economics 1975-05, Vol.57 (2), p.309-315
Hauptverfasser: Barksdale, Hiram C., Hilliard, Jimmy E., Ahlund, Mikael C.
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container_title American journal of agricultural economics
container_volume 57
creator Barksdale, Hiram C.
Hilliard, Jimmy E.
Ahlund, Mikael C.
description Changes in retail beef prices lag price changes at other market levels. At the slaughter level, quantity lags prices by approximately nine months over the higher frequencies (short run), but price and quantity are out of phase over the lower frequencies (long run). Independent causality tests support the spectral interpretations.
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source Business Source Complete; Oxford University Press Journals Digital Archive Legacy; Periodicals Index Online; Jstor Complete Legacy; EZB-FREE-00999 freely available EZB journals
subjects Analytical estimating
Beef
beef prices
Causality
causality tests
Market prices
Phase diagrams
price-quantity relationships
Slaughter
spectral analysis
Spectroscopy
Statistics
Wholesale prices
Wholesale trade
title A cross-spectral analysis of beef prices
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