Fadiga, Mohamadou L.; Misra, Sukant K. - In: Journal of Agricultural and Resource Economics 32 (2007) 01
A multivariate unobserved component model was applied to identify common movements among cotton, wool, rayon, and polyester world prices. Two common stochastic trends and cycles govern the stochastic behaviors of price fluctuations in the world fiber market. These unobserved components have...