|
| next >> |
Journal description
All volumes of the corresponding journal
All issues of the corresponding volume
All articles of the corresponding issues
Details for article 1 of 16 found articles
| Title: |
Agricultural liberalization policy and commodity price volatility: a GARCH application |
| Author: |
Yang, Jian Haigh, Michael S. Leatham, David J. |
| Appeared in: |
Applied economics letters |
| Paging: | Volume 8 (2001) nr. 9 pages 593-598 |
| Year: |
2001-09 |
| Contents: |
This study examines the effect of the recent radical agricultural liberalization policy, i.e. the 1996 FAIR Act, on agricultural commodity price volatility using Generalized Autoregressive Conditional Heteroscedasticity (GARCH) models. Results of the study indicate that the agricultural liberalization policy has caused an increase in the price volatility for three major grain commodities (corn, soybeans and wheat) and little change for oats, but a decrease for cotton. These findings stand in sharp contrast to Crain and Lee's observations in 1996 based on wheat markets that market-oriented measures in government farm policies tend to reduce agricultural price volatility. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 1 of 16 found articles
| next >> |