@article{Siqueira:150197,
      recid = {150197},
      author = {Siqueira, Kennya Beatriz and Kilmer, Richard L. and  Campos, Antonio Carvalho},
      title = {The dynamics of farm milk price formation in Brazil},
      journal = {Brazilian Journal of Rural Economy and Sociology (Revista  de Economia e Sociologia Rural-RESR)},
      address = {2010-03},
      number = {1346-2016-104967},
      series = {Volume 48},
      pages = {21},
      year = {2010},
      abstract = {Dairy is a highly relevant segment of the Brazilian  agribusiness
economy. However, this segment has changed  significantly after deregulation
Thus, it is worthwhile to  know what the changes are in the spatial integration of
the  market and in milk price formation at the farm level after  deregulation. The
methodology is a modification of  Gonzalez-Rivera & Helfand (2001), which is
compounded in  extension of the market, pattern of integration, and degree  of
integration. The extension of the market is determined  through the measure of
self-sufficiency index, unit root  test, and Johansen test. The last one is focused on
the  searching for a common trend between the time series. The  pattern of
interdependence is studied using the Directed  Acyclic Graph (DAG). Lastly, the
degree of integration is  measured by the impulse response functions derived
from the  Bernanke decomposition. As a result, we found that the milk  market in
Brazil is composed by Goiás, Mato Grosso, Mato  Grosso do Sul, Minas Gerais,
Paraná, Rio de Janeiro, Rio  Grande do Sul, Santa Catarina, and São Paulo. We also  
discovered that these markets have small speed of  adjustment to shocks and
there is no leader in milk price  formation.},
      url = {http://ageconsearch.umn.edu/record/150197},
      doi = {https://doi.org/10.22004/ag.econ.150197},
}