Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in Brazil
DOI:
https://doi.org/10.14488/1676-1901.v13i1.1105Keywords:
Price sugar. Price alcohol. Sugar-cane agroindustry. VAR. VEC. JEL Classification, C22, C51, L11.Abstract
This main objective of the study is to analyze transmission process between the price of sugar and prices of alcohol (anhydrous and hydrated) and the influence of the volume of public stocks of sugar, from January 2006 to July 2011. Were used in the analysis, the unit root tests of Dickey-Fuller (ADF), and Kwaiatkowski, Phillips, Schmidt and Shin (KPSS), of Johansen co-integration method and Vector Auto-Regression with Error Correction (VEC). The results show that sugar prices and the prices of anhydrous and hydrated alcohol influence each other, and that the volume of public stocks of sugar does not influence the prices out, what was expected, due to the volume does not change the price and but government intervention. Overall, shocks to variables in the model are transmitted quickly to the variable and are of short duration, disappearing after the sixth month.Downloads
Download data is not yet available.
Published
2013-03-02
How to Cite
Wolff, L., & Souza, A. M. (2013). Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in Brazil. Revista Produção Online, 13(1), 162–179. https://doi.org/10.14488/1676-1901.v13i1.1105
Issue
Section
Papers
License
The Journal reserves the right to make spelling and grammatical changes, aiming to keep a default language, respecting, however, the style of the authors.
The published work is responsibility of the (s) author (s), while the Revista Produção Online is only responsible for the evaluation of the paper. The Revista Produção Online is not responsible for any violations of Law No. 9.610 / 1998, the Copyright Act.
The journal allows the authors to keep the copyright of accepted articles, without restrictions
This work is licensed under a Creative Commons License .
