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The Impact Of Macrovariables On The Farm Sector: Some Further Evidence

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  • Tegene, Abebayehu

Abstract

Granger-causality tests and Sims' VAR techniques were used to analyze the impact of macrovariables on farm output and prices in the U.S. for the period 1934-1987. Granger-causality tests show one-way causality from the macrovariables to the farm sector variables, and this is supported by impulse response functions from a VAR model. Money and interest rate effects on agricultural prices and output are apparent in the data.

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  • Tegene, Abebayehu, 1990. "The Impact Of Macrovariables On The Farm Sector: Some Further Evidence," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(1), pages 1-9, July.
    • Handle: RePEc:ags:sojoae:29899
    DOI: 10.22004/ag.econ.29899
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    1. Dmitry Burakov, 2016. "Elasticity of Agricultural Prices in Russia: An Empirical Study of Energy and Monetary Channels," International Journal of Energy Economics and Policy, Econjournals, vol. 6(3), pages 551-562.
    2. F. In & S. N. Onchoke, 1995. "The Sources Of Commodity Export Revenue Variability In The South Pacific Island Nations," Journal of Agricultural Economics, Wiley Blackwell, vol. 46(2), pages 214-226, May.
    3. Alogoskoufis, George & Varangis, Panos, 1992. "OECD fiscal policies and the relative prices of primary commodities," Policy Research Working Paper Series 955, The World Bank.

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