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- W129204610 abstract "The problem of low productivity is the major constraint tothe development of the Philippine livestock sector.Contribution from the industry particularly cattle productionis considered below potential despite conditions favoringcattle raising in the Philippines.Apart from the technical innovations to encourage cattleraising, an improvement in the marketing system is needed tosustain production. The establishment of livestock auctionmarkets to minimize the defects of the traditional marketing system is believed to be the most feasible short-runmodification to effect an efficient marketing of cattle .This study evaluates the pricing efficiency in majorcattle auction centres in the Philippines. The univariateresidual cross-correlation approach by Haugh (1972 , 1976) andPierce (1977), and the Sims' (1972) distributed-lag regress ionwere used to ascertain Whether the auction centres areintegrated in terms of price formation. This was done throughthe assessment of the nature of causality between prices in thevarious cattle auctions within and among regions. Time seriesdata an prices consisting of 84 monthly observations wereutilized for the purpose.Results showed an inter-dependence among markets, thus,rejecting the null hypothesis of no market integration. Thestudy concludes that government policies geared towards aneffective dissemination and monitoring of market information,establishment of more auction markets will enhance the outputof the livestock sector." @default.
- W129204610 created "2016-06-24" @default.
- W129204610 creator A5007184087 @default.
- W129204610 date "1989-01-01" @default.
- W129204610 modified "2023-09-27" @default.
- W129204610 title "Pricing Efficiency in Major Cattle Auction Centres in the Philippines" @default.
- W129204610 hasPublicationYear "1989" @default.
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