The Causality Between U.S.A. and Australian Wheat Prices
| dc.creator | Sniekers, Peter | |
| dc.creator | Wong, Gordon | |
| dc.date | 2017-04-01T19:17:23Z | |
| dc.date.accessioned | 2026-07-09T03:04:07Z | |
| dc.description | It has been generally agreed that Australia is a price follower on the world wheat market. However, to date, this has not been tested empirically. In this paper a transfer function model between prices of U.S.A. wheat and Australian wheat is set up to examine the existence, if any, of a leader-follower relationship. By employing the causality criteria as described by Granger, this analysis is implemented to draw inferences about causality among these wheat prices. Results indicated that a significant leader-follower relationship exists, with the U.S.A. taking the leader role. The results reported are particularly useful for wheat price forecasting work and provide a basis for further modelling work. | |
| dc.identifier | doi:10.22004/ag.econ.12313 | |
| dc.identifier | https://ageconsearch.umn.edu/record/12313/files/55010037.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/12313 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/525870 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/12313 | |
| dc.title | The Causality Between U.S.A. and Australian Wheat Prices | |
| dc.type | Text |