Are Farrowing Intentions Rational Forecasts?

David E. Runkle

American Journal of Agricultural Economics, 1991, vol. 73, issue 3, 594-600

Abstract: This paper tests whether quarterly data on hog farmers' sow-farrowing intentions released in Hogs and Pigs are rational forecasts of actual farrowings. The empirical results show that neither one- nor two-quarter-ahead intentions are rational forecasts. Econometric methods and the implications of the empirical results for the rational expectations hypothesis are also discussed.

Date: 1991
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://hdl.handle.net/10.2307/1242812 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:73:y:1991:i:3:p:594-600.

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().