Causal Factors of Australian Beef Exports

Patrick Harris

MPRA Paper from University Library of Munich, Germany

Abstract: This study aims to understand how the macroeconomic and microeconomic indicators influence the export market of beef in Australia as well as the inclusion of a bivariate (0,1) dummy variable, accounting for extreme climate aberrations such as the ‘Millennium Drought’ and the 2017-current drought. Additionally, this study addressed whether there is a delayed effect of the independent variables on Australian beef exports and draw upon neoclassical economic growth theory to assess if this economic paradigm holds in the real world. The paper identified and evaluated the casual factors of Australian beef exports and found there to be a two-quarter lag in bank loans to agriculture and a one-quarter lag in RBA interest rate before their effect was statistically significant. The results explore the various implications that depend on the perspective of the stakeholder, whether that be the farmer or the government.

Keywords: Beef; ARDL; Econometrics; Australian; markets (search for similar items in EconPapers)
JEL-codes: E4 E43 Q13 Q14 Q17 Q18 (search for similar items in EconPapers)
Date: 2020-01-10
New Economics Papers: this item is included in nep-agr and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:98766

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