THE RELATIVE IMPACT OF MACROECONOMIC AND YEARLING-SPECIFIC VARIABLES IN DETERMINING THOROUGHBRED YEARLING PRICE

Authors
BUZBY JC JESSUP EL
Citation
Jc. Buzby et El. Jessup, THE RELATIVE IMPACT OF MACROECONOMIC AND YEARLING-SPECIFIC VARIABLES IN DETERMINING THOROUGHBRED YEARLING PRICE, Applied economics, 26(1), 1994, pp. 1-8
Citations number
8
Categorie Soggetti
Economics
Journal title
Applied economics → ACNP
ISSN journal
00036846
Volume
26
Issue
1
Year of publication
1994
Pages
1 - 8
Database
ISI
SICI code
0003-6846(1994)26:1<1:TRIOMA>2.0.ZU;2-U
Abstract
The present study is the first to examine the relative importance of m acroeconomic and yearling-specific variables on the price of thoroughb red yearlings. Regression results indicated that it is the yearling-sp ecific variables that are more influential in explaining yearling pric e, yet both types of variables are important. The main explanatory var iables are the stud fee of the yearling's sire, and the annual gross t otal dollar purchases of thoroughbred yearlings by foreign investors.