Staff Publications

  • external user (warningwarning)
  • Log in as
  • language uk
Record number 37170
Title Cointegration and prediction analysis of market supply in the Dutch pig-farming industry
Author(s) Kuiper, W.E.; Meulenberg, M.T.G.
Source European Review of Agricultural Economics 24 (1997)2. - ISSN 0165-1587 - p. 285 - 312.
DOI http://dx.doi.org/10.1093/erae/24.2.285
Department(s) Marketing and Consumer Behaviour
MGS
Publication type Refereed Article in a scientific journal
Publication year 1997
Abstract In this paper we derive a restricted vector err or-correction model (RVECM) to predict the Dutch gross indigenous pig production (GIP). For this purpose, we model the long-run supply behaviour of the producers of piglets and fattened pigs. We supplemented Johansen's maximum likelihood procedure with the asymptotic least-squares method to test the nonlinear cross-equation parameter restrictions in the long-run model. Our empirical results comply with the theoretical long-run model and show that the RVECM GIP predictions are slightly more accurate than the forecasts prepared by the Dutch Central Bureau of Statistics for the European Commission.
Comments
There are no comments yet. You can post the first one!
Post a comment
 
Please log in to use this service. Login as Wageningen University & Research user or guest user in upper right hand corner of this page.