REGIME SWITCHING IN US LIVESTOCK CYCLES

Hui-Ping Chao

No 20824, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: We use an extension of Hamilton's (1989) Markov switching techniques to describe and analyze livestock cycles. Test results show evidence of switching behavior. We find evidence of asymmetry in cattle cycles. Dates for cattle cycles based on this model are consistent with the cattle cycle indicator in Lessor (1993).

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 15
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20824

DOI: 10.22004/ag.econ.20824

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