agricultural economics, farm markets, corn markets
Causality tests and path analysis are combined to create a new procedure for use in evaluating agricultural markets. The two complementary techniques combine to form a strong process for measuring the direction and strength of causal relationships within a structural equation model. An empirical example which evaluates midwestern corn market price relationships is presented.
Department of Economics, South Dakota State University
Number of Pages
Blank, Steven and Schmiesing, Brian, "Combining Causality Tests and Path Analysis to Model Agricultural Markets" (1985). Economics Staff Paper Series. 31.