The Determination of the Long Term Relationship Among Number of Cattle, Milk Production and Milk Price: Periods of 1980 to 2013- The Turkish Case
2014
Çelik, Şenol
In this study, the relationships among number of cattle, cattle milk production and cattle milk price are analyzed by taking into consideration in the period between 1980-2013 in Turkey. The long-term relationships among number of cattle, cattle milk production, and cattle milk price are examined by the Johansen’s cointegration method. As a precondition of the cointegration method, the stationarity of series is investigated and it is found that each of the series is the first order integrated. According to the cointegration analysis, the series move together in the long term, that is, they are cointegrated. As a result, the long-term relation between the cattle milk price and number of cattle is found to be pozitive. However, a negative relationship has been found between cattle milk price and production.
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