El Niño Southern Oscillation and the fishmeal–soya bean meal price ratio: regime-dependent dynamics revisited
David Ubilava ()
European Review of Agricultural Economics, 2014, vol. 41, issue 4, 583-604
The El Niño Southern Oscillation (ENSO) impacts commodity production and prices around the world. This study revisits fishmeal–soya bean meal price ratio dynamics and examines it in relation to the ENSO anomalies. A smooth transition autoregressive modelling framework is applied to assess nonlinearities in the ENSO–price ratio relationship, and generalised impulse–response functions and derived asymmetry functions are utilised to illustrate characteristic features of the estimated model dynamics. The results suggest economically meaningful impacts of ENSO on the price ratio dynamics, and indicate statistical significance of these effects for up to one year after the ENSO shocks.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:oup:erevae:v:41:y:2014:i:4:p:583-604.
Ordering information: This journal article can be ordered from
Access Statistics for this article
European Review of Agricultural Economics is currently edited by Christoph Weiss, Thomas Heckelei and Paolo Sckokai
More articles in European Review of Agricultural Economics from Foundation for the European Review of Agricultural Economics Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().