2006•AgEcon Search (University of Minnesota, USA)Open access
An Analysis of Cointegration: Investigation of the Cost-Price Squeeze in Agriculture
Jody L. Campiche, Henry L. Bryant, James W. Richardson, Joe L. Outlaw, Campiche, Jody L., Bryant, Henry L., Richardson, James W., Outlaw, Joe L.
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Abstract
The differences in prices paid and prices received by farmers are examined using cointegration analysis. A Johansen cointegration test between prices paid and prices received revealed that the series were cointegrated. After accounting for technological change, we do not reject a long-run one-for-one correspondence between prices paid and prices received.
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