THE CYCLICAL NATURE OF THE UNITED-STATES SHEEP INDUSTRY

Authors
VANTASSELL LW WHIPPLE GD
Citation
Lw. Vantassell et Gd. Whipple, THE CYCLICAL NATURE OF THE UNITED-STATES SHEEP INDUSTRY, Journal of agricultural and resource economics, 19(2), 1994, pp. 267-279
Citations number
24
Categorie Soggetti
Economics,"AgricultureEconomics & Policy
Journal title
Journal of agricultural and resource economics → ACNP
ISSN journal
10685502
Volume
19
Issue
2
Year of publication
1994
Pages
267 - 279
Database
ISI
SICI code
1068-5502(1994)19:2<267:TCNOTU>2.0.ZU;2-D
Abstract
The cyclical nature of numbers and prices of sheep and lambs was exami ned from 1924 through 1993. Tests for structural change also were cond ucted utilizing the minimization of Akaike's information criterion (MA IC). Results indicate that cyclical length in both stock sheep numbers and lamb prices has decreased over time, with a current 10- and 27-ye ar cycle in stock sheep numbers and nine- and 27-year cycle in lamb pr ices. Structural changes occurred in 1951 and 1968 for stock sheep num bers and in 1952 and 1972 for lamb prices.