Open AccessStudy on the Volatility Relationship between the Price of China's Live-hogs Industrial Chain and CPI
Author(s) -
Zhang Xuan-min
Publication year - 2021
Publication title -
bcp business and management
Language(s) - English
Resource type - Journals
ISSN - 2692-6156
DOI - 10.54691/bcpbm.v13i.83
Subject(s) - economics , volatility (finance) , monetary economics , price fluctuation , food prices , china , agricultural economics , econometrics , agriculture , biology , food security , political science , law , ecology
This paper uses the SAVR model to study the dynamic relationship between monthly corn prices, live hog prices, pork prices, and CPI volatility from January 2011 to August 2021. It is found that: 1. live-hog prices is the cause of pork price fluctuation, and live hogs and pork prices is the cause of CPI change. 2. live hog prices has short-term positive brunt on CPI, and pork prices has short-term positive and negative impact on CPI. 3. pork prices change is mainly caused by live hog price and its own change, and CPI change is mainly caused by spontaneous factors, live hog prices and pork prices change. Based on the above research, relevant policy recommendations to smooth out the fluctuation of pork prices are proposed.