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Using causality and supply response models in interpreting foreign agricultural policies
Author(s) -
Blank Steven C.
Publication year - 1985
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(198522)1:2<177::aid-agr2720010206>3.0.co;2-y
Subject(s) - causality (physics) , economics , agriculture , process (computing) , econometrics , industrial organization , macroeconomics , computer science , ecology , physics , quantum mechanics , biology , operating system
A method for interpreting foreign agricultural policies is outlined which provides an objective assessment of the price discovery process operating in international markets. The technique uses causality tests to determine the operational market characteristics. Then, a supply response model is used to identify variables significantly influencing market behavior.