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Preliminary Empirical Evidence Concerning An Asset Theory Model Of Markets For Storable Agricultural Commodities

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  • Orden, David

Abstract

This paper has two objectives. The first is to summarize succinctly the concepts and operational procedure underlying the use of vector autoregression techniques. These techniques may be used either in forecasting or to obtain insights about structural relations from historical data that has been observed. The second objective is to estimate a vector autoregressive system that models agricultural price, stock and export determination in order to unravel some of the interactions characterizing the agricultural economy.

Suggested Citation

  • Orden, David, 1982. "Preliminary Empirical Evidence Concerning An Asset Theory Model Of Markets For Storable Agricultural Commodities," Staff Papers 14087, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:14087
    DOI: 10.22004/ag.econ.14087
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    File URL: https://ageconsearch.umn.edu/record/14087/files/p82-12.pdf
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    References listed on IDEAS

    as
    1. David A. Bessler, 1984. "Relative Prices and Money: A Vector Autoregression on Brazilian Data," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(1), pages 25-30.
    2. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
    3. Robert B. Litterman, 1979. "Techniques of forecasting using vector autoregressions," Working Papers 115, Federal Reserve Bank of Minneapolis.
    4. repec:bla:scandj:v:78:y:1976:i:2:p:255-75 is not listed on IDEAS
    5. Schuh, G. Edward, 1979. "Floating Exchange Rates, International Interdependence, and Agricultural Policy," 1979 Conference, September 3-12, 1979, Banff, Canada 182402, International Association of Agricultural Economists.
    6. Schuh, G. Edward, 1979. "Floating Exchange Rates, International Interdependence, And Agricultural Policy," Staff Papers 13434, University of Minnesota, Department of Applied Economics.
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    Cited by:

    1. Ford, Stephen A., 1986. "A Beginner'S Guide To Vector Autoregression," Staff Papers 13527, University of Minnesota, Department of Applied Economics.
    2. Bukenya, James O. & Labys, Walter C., 2007. "Do fluctuations in wine stocks affect wine prices?," Working Papers 37317, American Association of Wine Economists.

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