Title :
Threshold and Asymmetric Volatility in Taiwan Broiler Farm Price Changes
Author :
Huang, Biing-Wen ; Yeh, Chun-Yuan ; Chen, Meng-Gu ; Lin, Yu-Ying ; Shih, Meng-Long
Author_Institution :
Dept. of Appl. Econ., Nat. Chung-Hsing Univ., Taichung
Abstract :
The broiler industry is one of the most important livestock industries in Taiwan. Analyzing broiler farm price information could help Taiwan government to make broiler price stabilization programs. The objective of this paper is to investigate threshold and asymmetric volatility characteristics in the broiler farm price changes. It is found that the ESTAR model is more suitable for analyzing broiler farm price changes. The threshold estimate obtained for the ESTAR-GJR (1,1) model was 22.48, but asymmetric volatility in broiler farm price changes was not significant.
Keywords :
farming; pricing; ESTAR model; Taiwan broiler farm price changes; asymmetric volatility; broiler industry; broiler price stabilization programs; livestock industries; Agriculture; Educational programs; Educational technology; Government; Industrial economics; Information analysis; Information technology; International trade; Logistics; Production planning; ESTAR model; asymmetric volatility; broiler farm price; threshold;
Conference_Titel :
Convergence and Hybrid Information Technology, 2008. ICCIT '08. Third International Conference on
Conference_Location :
Busan
Print_ISBN :
978-0-7695-3407-7
DOI :
10.1109/ICCIT.2008.71
