New methods for analyzing nonlinear dynamic processes are used to evaluate the hog-corn price ratio. The results present evidence of nonlinear dynamics in the pork cycle. Moreover, while GARCH processes account for some of the nonlinearities, the pork cycle is apparently characterized by more complex dynamic forms. The empirical analysis provides some evidence of the presence of chaos in the pork cycle. The results also indicate that the dynamic process generating the pork cycle is nonlinear and cannot be adequately characterized by a small number of state variables.
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书目信息
页码
v.819-828(3)
其它主题
Maiz; Periodicite; Modele dynamique; Analisis de series cronologicas; Mathematique; Analyse de series chronologiques; Modelos dinamicos; Estados unidos de america; Matematicas; Etats unis; Prix de marche
语言
英语
注释
references. AVAILABILITY: US (DNAL 280.8 J822).
类型
Journal Article; Journal Part
来源
American-journal-of-agricultural-economics (USA). (Aug 1991). v. 73(3) p. 819-828.
团体作者
University of Wisconsin
Office National Interprofessionnel des Viandes de l' Elevage et de l' Aviculture, Paris (France).
2012-11-15
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