Document Type
Article
Journal/Book Title/Conference
Economics Research Institute Study Paper
Volume
23
Publisher
Utah State University Department of Economics
Publication Date
1997
Rights
Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at digitalcommons@usu.edu.
First Page
1
Last Page
22
Abstract
Lead/lag relationships were identified for six cattle classes using Cattle-Fax data, for twelve markets. The relationships were either endogeneity/endogeneity (feedback), endogeneity/exogeneity (unidirectional), exogeneity/exogeneity (no causality) relationships. Feedback relationships were the most common, while only one case of no causality was identified. The long-run equilibrium was mainly driven by prices with a feedback relationship with all or most of the prices. Generally, markets with large cattle numbers led the others, and had more influence on the long-run equilibrium with a few exceptions.
Recommended Citation
Muwanga, Gertrude S. and Snyder, Donald L., "A Note on Exogeneity and Endogeneity of Prices in Selected Cattle Markets" (1997). Economic Research Institute Study Papers. Paper 133.
https://digitalcommons.usu.edu/eri/133