文章基本信息

标题：Structural breaks in the cattle price series in the State of São Paulo, Brazil
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作者：Cláudio Shikida ; Guilherme Leite Paiva ; Ari Francisco Araújo Junior 等
期刊名称：Economia Aplicada
印刷版ISSN：1413-8050
电子版ISSN：1980-5330
出版年度：2016
卷号：20
期号：2
DOI：10.11606/1413-8050/ea137759
语种：Portuguese
出版社：Economia Aplicada
摘要：This paper examines the existence of structural breaks in the live cattle price series in the state of São Paulo between 1954 and 2012. Due to the importance of cattle ranching in Brazil and the characteristics of the series of cattle price, such as seasonal cycles, the series has previously been used for discussion and study of econometric tests, like seasonal unit root and cointegration analysis. In this paper, we test whether structural breaks have originated from certain historical events, including government intervention. Bai & Perron (1998,2003) developed the main method we use for the identiﬁcation and dating of breaks. The results suggest that government interventions, especially the monetary stabilization plans, have led to signiﬁcantchanges in the price behavior of cattle