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A Dynamic Analysis of Prices in the U.S. Rice Marketing Channel |
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| Authors: | B Wade Brorsen Jean-Paul Chavas Warren R Grant |
| Institution: | 1. Department of Agricultural Economics , Purdue University , West Lafayette , IN , 47907;2. Department of Agricultural Economics , University of Wisconsin , Madison , WI , 53706;3. National Economics Division, Economic Research Service, U.S. Department of Agriculture , College Station , TX , 77843 |
| Abstract: | Granger causality tests and dynamic multipliers are used to explore the dynamic relationship among prices in the U.S. rice marketing channel. The dynamic multipliers provide information about the speed and magnitude of dynamic price adjustments that is not provided by the Granger causality tests. This information is shown to be useful in explaining the underlying economic relationship among the time series of prices. |
| Keywords: | Dynamic multipliers Granger causality Rice prices Time series |