| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4403 |
| 来源ID | Working Paper 4403 |
| Cattle Cycles | |
| Sherwin Rosen; Kevin M. Murphy; Jose A. Scheinkman | |
| 发表日期 | 1993-07-01 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | U.S. beef cattle stocks are among the most periodic time-series in economics. A theory of cattle cycles is constructed, based upon rational breeding stock inventory decisions in the presence of gestation and maturation delays between production and consumption. The low fertility rates of cows and substantial lags between fertility and consumption decisions cause the demographic structure of the herd to respond cyclically to exogenous shocks in demand for beef and in production costs. Known biotechnology of cattle demographics imply sharp numerical benchmarks for the dynamic system that describes the evolution of cattle stock and beef consumption. These compare very closely to structural econometric time-series estimates over the 1875-1990 period and prove that systematic cattle cycles have a wholly rational explanation. |
| URL | https://www.nber.org/papers/w4403 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561774 |
| 推荐引用方式 GB/T 7714 | Sherwin Rosen,Kevin M. Murphy,Jose A. Scheinkman. Cattle Cycles. 1993. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4403.pdf（1205KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
