arrow
返回

CATTLE CYCLES

delete1994-06-01
delete119
PRE
AI
C
CHICAGO, U *
M
MURPHY, KM
S
SCHEINKMAN, JA
DOI:10.1086/261942delete
delete原文链接
delete原文求助
delete分享
delete收藏
摘要

摘要

En 中文
U.S. beef cattle stocks are among the most periodic economic time series. A theory of cattle cycles is constructed on the basis of breeding stock inventory decisions. The low fertility rate of cows and substantial lags and future feedback between fertility and consumption decisions cause the demographic structure of the herd to respond cyclically to exogenous shocks in demand and production costs. Known demographic parameters of cattle imply sharp numerical benchmarks for the resulting dynamic system and closely compare with independent econometric time-series estimates over the 1875-1990 period. The model fits extremely well.
Keyword:
SUPPLY RESPONSE
INVESTMENT
BEHAVIOR
INDUSTRY
PRICES
MODEL
AI总结

AI总结

对已上传原文的论文进行重点信息的提取,主要内容包括:简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。

期刊

Journal of Political Economy 封面图
Journal of Political Economy
IF:
6.3
论文数:
2.6K
被引数:
3.2W

机构

暂无机构信息
引用论文

引用论文

暂无论文信息