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| Study on mutual influence relationship about hog market among China，U.S.A. and EU by time series |
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| DOI：10.16768/j.issn.1004-874X.2016.10.027 |
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| Abstract: |
| The purpose of this study is to explore the short run and the long run linkages among hog market
prices of China，U.S.A. and EU markets，and analyze how changes of foreign market prices can affect Chinese hog
market. The analysis method used in this study is a dynamic framework by employing multivariate co-integration
analysis and appropriate Vector Error Correction specification. Based on the Johansen test，and the Engle granger
two step procedures，the results clarified that there was a hog market integration among China，U.S.A. and EU. This
result also indicated that Chinese hog farmers were facing a similar market competition with the hog farmers in U.S.A.
and EU. The results implied to save the profitability of Chinese hog farms，and to establish an early warning system
of hog price in China，it was important to understand the effect from international hog market integration，especially the effects from the hog market of U.S.A. and E.U. Therefore，the establishment of an integrated market information
management system among the hog market of China，U.S.A. and EU is necessary. |
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