Price interdependence in the international and Brazilian beef cattle market.
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The objective of this study is to verify the interdependence and asymmetry in price transmission between the main Brazilian and international slaughter beef cattle markets. We opted for causality and cointegration tests, and application of a multiple regression model to analyse the asymmetry in price transmission between the main Brazilian and international markets. The results showed that there is an interdependent relationship between the prices of live cattle in the Brazilian market and the prices of beef cattle in international markets.
Palabras clave
Brazilian market, Price transmission, Asymmetry price transmission, Bovino, Gado de Corte, Mercado Internacional, Preço, Prices, Beef cattle