Loading...
Please wait, while we are loading the content...
Similar Documents
Dynamics of Price-Cost Margins in the U.S. Meat Industry
| Content Provider | Semantic Scholar |
|---|---|
| Author | Chidmi, Benaissa Fadiga, Mohamadou L. |
| Copyright Year | 2007 |
| Abstract | This study analyses the stochastic behavior of price-cost margins (PCMs) in the U.S. meat industry. It, first, develops and estimates a vertical relationship economic model to derive PCMs in the U.S. meat industry (Beef, Pork, and Poultry). Second it analyzes the behavior of PCMs by decomposing them into their seasonal, cyclical, and trend components using the state-space and the Kalman filtering methods. Price-cost margins in the U.S. meat industry are governed by two common trends and two common cycles. The study also found cyclical variability of PCMs is the highest with chicken, secular variability of PCMs is the highest with pork, while seasonal variability of PCMs is the highest with beef. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://ageconsearch.umn.edu/bitstream/9745/1/sp07ch07.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
