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Modeling U.S. Broiler Supply Response: A Structural Time Series Approach

Published online by Cambridge University Press:  15 September 2016

Crispin M. Kapombe  and
Dale Colyer
Crispin M. Kapombe
Affiliation:
Division of Resource Management, West Virginia University
Dale Colyer
Affiliation:
Division of Resource Management, West Virginia University
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Abstract

A structural time series model is used to estimate the supply response function for broiler production in the United States using quarterly data and a structural time series model. This model has the advantage of expressing trend and seasonal elements as stochastic components, allowing a dynamic interpretation of the results and improving the forecast capabilities of the model. The results of the estimation indicate the continued importance of feed costs to poultry production and of technology as expressed by the stochastic trend variable. However, seasonal influences appear to have become less important, since the seasonal component was not statistically significant.

Type
Articles
Information
Agricultural and Resource Economics Review , Volume 27 , Issue 2 , October 1998 , pp. 241 - 251
Copyright
Copyright © 1998 Northeastern Agricultural and Resource Economics Association 

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