Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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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.
Department(s) Marketing and Consumer Behaviour
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.
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