Estimating the Effect of the US-China Trade War on the Relationship between the Prices in the International Feed Grain Futures Markets and China’s Pork Market
Abstract:We examine the effect of the US-China trade war on the international feed grain futures markets and China’s pork market by using the univariate GARCH model with considering the structural breaks in each market. Granger causality test and the DCC-GARCH model are applied to examine the changes in the relationship between the international feed grain futures market and China’s pork market in the presence of the trade war. The analytical results suggest that the trade war has a significant negative effect on the v… Show more
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