Table 3 Coefficients of the VAR model
From: Argentine government policies: impacts on the beef sector
Variables | Cattle prices (CP) | Total beef production (BP) | Per-capita beef consumption (BC) | Volume of exported beef (BE) | Retail prices (RP) |
|---|---|---|---|---|---|
L.CP | 0.946*** | −7927 | −3.176* | −2701 | 0.892*** |
(0.171) | (8152) | (1.894) | (3740) | (0.344) | |
L2.CP | −0.353 | 16,641 | 6.424*** | 4620 | −0.453 |
(0.22) | (10,514) | (2.443) | (4824) | (0.443) | |
L3.CP | 0.0204 | −2763*** | −6.774*** | −6008 | 0.147 |
(0.167) | (7992) | (1.857) | (3667) | (0.337) | |
L.BP | 0.00000009 | 0.658* | 0.000003 | −0.155 | −0.0004*** |
(0.000007) | (0.368) | (00000.8) | (0.169) | (0.00001) | |
L2.BP | 0.00002** | −0.261 | −0.00005 | −0.0782 | −0.00001 |
(0.000009) | (0.45) | (0.000105) | (0.207) | (0.00002) | |
L3.BP | 0.000004 | 0.570* | 0.000206*** | 0.201 | 0.000004 |
(0.000006) | (0.299) | (0.000007) | (0.137) | (0.00001) | |
L.BC | −0.00651 | 2905** | −0.0913 | 1024* | 0.117** |
(0.0241) | (1152) | (0.268) | (0.528) | (0.0486) | |
L2.BC | −0.0515* | 899.3 | 0.114 | 943.4 | 0.0835 |
(0.0299) | (1429) | (0.332) | (655.8) | (0.0603) | |
L3.BC | −0.0269 | −1181 | −0.221 | −927.9* | 0.0643 |
(0.0227) | (1086) | (0.252) | (498.4) | (0.0458) | |
L.BE | 0.0000008 | 1.726*** | 0.00001 | 0.508** | 0.00003 |
(0.00001) | −0.541 | (0.000126) | (0.248) | (0.00002) | |
L2.BE | −0.00002 | 0.872 | −0.000157 | 0.507 | 0.000005 |
(0.00002) | (0.745) | (0.000173) | (0.342) | (0.00003) | |
L3.BE | −0.00002 | −0.651 | −0.00006 | −0.248 | 0.00002 |
(0.00002) | (0.651) | (0.000151) | (0.299) | (0.00003) | |
L.RP | −0.106 | −6687 | −0.689 | −3736* | 1.040*** |
(0.0922) | (4408) | (1.024) | (2.022) | (0.186) | |
L2.RP | 0.206* | 11,540** | 1.764 | 6.966*** | −0.282 |
(0.121) | (5.794) | (1.346) | (2.658) | (0.244) | |
L3.RP | −0.0618 | −4.131 | −1.145 | −2826* | 0.185 |
(0.0784) | (3.744) | (0.87) | (1718) | (0.158) | |
EP | −0.00003 | 1.089 | 0.00036 | −0.333 | −0.00003 |
(0.00002) | (1.126) | (0.000262) | (0.517) | (0.00004) | |
SP | −0.000009 | 0.9 | 0.000459 | −3.625 | −0.000401 |
(0.000186) | (8.899) | (0.00207) | (4.083) | (0.000375) | |
Constant | 2.159 | 170.27* | 57.29** | −12.174 | −6.936* |
(2.053) | (98,089) | (22.79) | (45,003) | (4.136) |