Análise de Causalidade de Preços no Mercado Internacional da Soja. O Caso do Brasil, Argentina e Estados Unidos

This paper analyzed the relation of precedence in international prices of soybeans, taking into account the main world exporters – Brazil, Argentina and the United States –, between 2003 and 2012. For this, we used the methodology proposed by causality Toda and Yamamoto (1995). The results indicate...

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Autores principales: Bruna Márcia Machado Moraes, Reisoli Bender Filho, Kelmara Mendes Vieira, Paulo Sérgio Ceretta
Formato: article
Lenguaje:PT
Publicado: Universidade Regional do Noroeste do Estado do Rio Grande do Sul 2016
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Acceso en línea:https://doaj.org/article/4589f555da604eb4836319f1eaa183c1
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Sumario:This paper analyzed the relation of precedence in international prices of soybeans, taking into account the main world exporters – Brazil, Argentina and the United States –, between 2003 and 2012. For this, we used the methodology proposed by causality Toda and Yamamoto (1995). The results indicate that the prices of soybean in Argentina there is precedence significant bidirectional causality from Brazil. Already soybean prices in Brazil are influenced both the market price of the United States and Argentina, while the prices of American commodity showed precedence relationship of Argentine prices.