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Using causality and supply response models in interpreting foreign agricultural policies

Author

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  • Steven C. Blank

    (Associate Professor in the Economics Department of South Dakota State University. Brookings. South Dakota)

Abstract

A method for interpreting foreign agricultural policies is outlined which provides an objective assessment of the price discovery process operating in international markets. The technique uses causality tests to determine the operational market characteristics. Then, a supply response model is used to identify variables significantly influencing market behavior.

Suggested Citation

  • Steven C. Blank, 1985. "Using causality and supply response models in interpreting foreign agricultural policies," Agribusiness, John Wiley & Sons, Ltd., vol. 1(2), pages 177-183.
    • Handle: RePEc:wly:agribz:v:1:y:1985:i:2:p:177-183
    DOI: 10.1002/1520-6297(198522)1:2<177::AID-AGR2720010206>3.0.CO;2-Y
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    References listed on IDEAS

    as
    1. Reed, Michael R. & Schnepf, Randall D., 1982. "The Import Demand for U.S. Burley Tobacco in European Markets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 14(1), pages 141-145, July.
    2. Pierce, David A. & Haugh, Larry D., 1977. "Causality in temporal systems : Characterization and a survey," Journal of Econometrics, Elsevier, vol. 5(3), pages 265-293, May.
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    Cited by:

    1. Sarker, Rakhal, 1990. "Testing Causality in Economics: A Review," Department of Agricultural Economics and Business 258629, University of Guelph.
    2. Blank, Steven C, 1987. "Evaluating International Price Relationships Using Causal Models," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 14(3), pages 305-323.

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