Modelling Volatility of Australian Beef Export Prices

Author(s)
Morales, L Emilio
Hoang, Nam
Ramsay, Tony
Publication Date
2013
Abstract
Beef price variations have been widely analysed to identify the factors that influence these fluctuations over the time as a way to reduce negative risk effects over the whole industry. Quarterly data of Australian live cattle exported from 1988 to 2011 was analysed using a GARCH-X model, indicating that volatility of beef export prices is positively related to international macroeconomic conditions and oil price variations, while it is negatively related to variations in corn price, the first quarter of the year and when the cycle of beef prices is moving up. Finally, variations in exchange rate are insignificant in relation to volatility in beef export prices.
Citation
Australian Agricultural and Resource Economics Society 2013 Conference Contributed Paper Abstracts, p. 20-20
Link
Publisher
Australian Agricultural and Resource Economics Society (AARES)
Title
Modelling Volatility of Australian Beef Export Prices
Type of document
Conference Publication
Entity Type
Publication

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