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International Comparisons of Cattle Cycles
Author(s) -
Mundlak Yair,
Huang He
Publication year - 1996
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 - 10.2307/1243843
Subject(s) - series (stratigraphy) , stock (firearms) , herd , production (economics) , economics , time series , agricultural economics , econometrics , agricultural science , geography , mathematics , environmental science , zoology , statistics , macroeconomics , biology , paleontology , archaeology
The time‐series properties of cattle production in three countries with different technologies, Argentina, the United States, and Uruguay, are studied in order to shed light on the role of technology in the dynamics of the cattle sector. Four series are analyzed for each country, slaughter, price, stock of cows, and total herd. Spectral decomposition of the time series shows the existence of cycles having surprising regularity for all the four time series. The three countries exhibit very similar cyclicities in spite of their different technologies and economic environment.