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Agricultural Economics

Louisiana State University

Cointegration

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Full-Text Articles in Life Sciences

The Role Of Futures Prices In Pricing Commodity Exports Of Developing Countries, Jorge Jose Handal Reyes Jan 2014

The Role Of Futures Prices In Pricing Commodity Exports Of Developing Countries, Jorge Jose Handal Reyes

LSU Master's Theses

The purpose of this thesis is to study the empirical linkages between nearby futures prices for coffee at the New York (NY) Intercontinental Exchange (ICE)/NY Board of Trade (NYBOT) and cash prices (producer and export prices) in selected Latin American countries. This theme was entertained in Fortenbery and Zapata (2004) and subsequently by Fortenbery and Zapata (2004) and Li and Fortenbery (2013). This thesis uses data from January 1990 to May 2013 and adds producer cash prices in addition to export prices, thus expanding the dataset by over a decade and adding local market cash prices relative to the first …


Export-Led Growth In Honduras And The Central American Region, Hermann Castro Zuniga Jan 2005

Export-Led Growth In Honduras And The Central American Region, Hermann Castro Zuniga

LSU Master's Theses

This thesis examines the validity of the export-led growth (ELG) hypothesis in Honduras and compares the Honduran experience to that of other Central American countries, specifically Costa Rica, El Salvador, Guatemala and Nicaragua. It further evaluates the ELG hypothesis for the agricultural sector of Honduras. The conceptual model incorporates exports into a Cobb-Douglas production function and formulates dynamic econometric models of real gross domestic product (GDP), real gross fixed capital formation (GFCF), labor and real exports for the 1970-2000 period. To test for the validity of the ELG hypothesis, Granger-causality was tested on the export coefficients of the growth equation …


Dynamic Econometric Modeling Of The U.S. Wheat Grain Market, Carlos Walter Robledo Jan 2002

Dynamic Econometric Modeling Of The U.S. Wheat Grain Market, Carlos Walter Robledo

LSU Doctoral Dissertations

Structural-time series models have not gained much ground in commodity market modeling despite the overwhelming popularity of time series approaches in forecasting and dynamic analyses. This dissertation contributes by applying developments in seasonal cointegration and structural-time series analysis (e.g., Zellner and Palm (1974); Hsiao (1997); Lee (1992); Franses and Kunst (1999); Ghysels and Osborn, 2001) to the study of agricultural commodity markets. The focus is on three research themes. The first theme investigates the role of cointegration and seasonal cointegration for market data, an issue considered timely because most applications assume deterministic seasonal components. The second issue breaks new ground …