REGIME SWITCHING IN US LIVESTOCK CYCLES

We use an extension of Hamilton's (1989) Markov switching techniques to describe and analyze livestock cycles. Test results show evidence of switching behavior. We find evidence of asymmetry in cattle cycles. Dates for cattle cycles based on this model are consistent with the cattle cycle indicator in Lessor (1993).


Issue Date:
1998
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/20824
Total Pages:
15
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-12-06

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