Premium
A Cross‐Spectral Analysis of Beef Prices
Author(s) -
Barksdale Hiram C.,
Hilliard Jimmy E.,
Ahlund Mikael C.
Publication year - 1975
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238506
Subject(s) - lag , economics , econometrics , spectral analysis , causality (physics) , monetary economics , agricultural economics , physics , computer science , computer network , quantum mechanics , spectroscopy
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.