The Cyclical Nature of the U.S. Sheep Industry

Autor:	Larry W. Van Tassell, Glen D. Whipple
Jazyk:	angličtina
Rok vydání:	1994
Předmět:	inventory and price cycles minimization of akaike's information criterion maic structural change Agriculture
Zdroj:	Journal of Agricultural and Resource Economics, Vol 19, Iss 2, Pp 267-279 (1994)
Druh dokumentu:	article
ISSN:	1068-5502 2327-8285
DOI:	10.22004/ag.econ.30761
Popis:	The cyclical nature of numbers and prices of sheep and lambs was examined from 1924 through 1993. Tests for structural change also were conducted utilizing the minimization of Akaike's information criterion (MAIC). Results indicate that cyclical length in both stock sheep numbers and lamb prices has decreased over time, with a current 10- and 27-year cycle in stock sheep numbers and nine- and 27-year cycle lamb prices. Structural changes occurred in 1951 and 1968 for stock sheep number and in 1952 and 1972 for lamb prices.
Databáze:	Directory of Open Access Journals
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