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Determinants of the Primary Supply of Cattle for Fattening in the Department of Córdoba, Colombia

Author

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  • Omar Enrique Castillo Núñez

    (Universidad de Córdoba)

Abstract

Factors for the primary supply of livestock for fattening are identified in the Department of Cordoba, Colombia, during 2007-2018. For this, a linear autoregressive econometric model with distributed delays is used, which allows by a limit proof, to establish long- and short-term relationships between the variables. The empirical results show that livestock traders react to market stimulus, such as prices and production costs; they are averse to weather risk and price risk; they compete for productive resources with a crop such as corn. Similarly, the predominance of the double purpose production system and the presence of intermediary traders who carry out incomplete fattening explains a direct relationship between the cycle of final fattening and primary supply.

Suggested Citation

  • Omar Enrique Castillo Núñez, 2022. "Determinants of the Primary Supply of Cattle for Fattening in the Department of Córdoba, Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 96, pages 279-314, January-J.
    • Handle: RePEc:lde:journl:y:2022:i:96:p:279-314
    DOI: 10.17533/udea.le.n96a343891
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    References listed on IDEAS

    as
    1. Jean-Paul Chavas & David Hummels & Brian D. Wright, 2014. "The Economics of Food Price Volatility," NBER Books, National Bureau of Economic Research, Inc, number chav12-1.
    2. Chavas, Jean-Paul, 2000. "On information and market dynamics: The case of the U.S. beef market," Journal of Economic Dynamics and Control, Elsevier, vol. 24(5-7), pages 833-853, June.
    3. Jean-Paul Chavas & Robert G. Chambers & Rulon D. Pope, 2010. "Production Economics and Farm Management: a Century of Contributions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(2), pages 356-375.
    4. Chavas, Jean-Paul & Hummels, David & Wright, Brian D. (ed.), 2014. "The Economics of Food Price Volatility," National Bureau of Economic Research Books, University of Chicago Press, number 9780226128924, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    agrarian economics; microeconomics; time series analysis; test bound; error correction model;
    All these keywords.

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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