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

Volume

1

fYear

2008

fDate

11-13 Nov. 2008

Firstpage

1037

Lastpage

1042

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;

fLanguage

English

Publisher

ieee

Conference_Titel

Convergence and Hybrid Information Technology, 2008. ICCIT '08. Third International Conference on

Conference_Location

Busan

Print_ISBN

978-0-7695-3407-7

Type

conf

DOI

10.1109/ICCIT.2008.71

Filename

4682169