Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in Brazil

Detalhes bibliográficos
Autor(a) principal: Wolff, Laion
Data de Publicação: 2013
Outros Autores: Souza, Adriano Mendonça
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Produção Online
Texto Completo: https://www.producaoonline.org.br/rpo/article/view/1105
Resumo: 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.
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spelling Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in BrazilEstudo sobre os preços do açúcar e alcoóis e a sua influência de longo prazo no volume dos estoques públicos no BrasilPrice sugar. Price alcohol. Sugar-cane agroindustry. VAR. VEC. JEL ClassificationC22C51L11.Preço do açúcar. Preço do álcool. Agroindústria canavieira. VARVEC.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.Neste trabalho buscou-se analisar o processo de transmissão do preço do açúcar e dos alcoóis (anidro e hidratado) e a influência do volume dos estoques públicos de açúcar no período de janeiro de 2006 a julho de 2011. Utilizaram-se na análise os testes de raiz unitária de Dickey-Fuller Aumentado (ADF) e Kwaiatkowski, Phillips, Schmidt & Shin (KPSS) de cointegração de Johansen e o método de Auto-Regressão Vetorial com Correção de Erro (VEC). Os resultados apontam que os preços do açúcar e os preços dos alcoóis anidro e hidratado influenciam-se entre si e que o volume do estoque público de açúcar não influencia nos preços, o que já era esperado uma vez que o volume não altera o preço e sim a intervenção do governo. No geral, os choques nas variáveis que compõem o modelo são transmitidos rapidamente para a variável e são de curta duração, desaparecendo após o sexto mês.Associação Brasileira de Engenharia de Produção2013-03-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfvideo/mp4https://www.producaoonline.org.br/rpo/article/view/110510.14488/1676-1901.v13i1.1105Revista Produção Online; Vol. 13 No. 1 (2013); 162-179Revista Produção Online; v. 13 n. 1 (2013); 162-1791676-1901reponame:Revista Produção Onlineinstname:Associação Brasileira de Engenharia de Produção (ABEPRO)instacron:ABEPROporhttps://www.producaoonline.org.br/rpo/article/view/1105/1002https://www.producaoonline.org.br/rpo/article/view/1105/985Copyright (c) 2014 Revista Produção Onlineinfo:eu-repo/semantics/openAccessWolff, LaionSouza, Adriano Mendonça2015-11-11T17:25:45Zoai:ojs.emnuvens.com.br:article/1105Revistahttp://producaoonline.org.br/rpoPUBhttps://www.producaoonline.org.br/rpo/oai||producaoonline@gmail.com1676-19011676-1901opendoar:2015-11-11T17:25:45Revista Produção Online - Associação Brasileira de Engenharia de Produção (ABEPRO)false
dc.title.none.fl_str_mv Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in Brazil
Estudo sobre os preços do açúcar e alcoóis e a sua influência de longo prazo no volume dos estoques públicos no Brasil
title Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in Brazil
spellingShingle Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in Brazil
Wolff, Laion
Price sugar. Price alcohol. Sugar-cane agroindustry. VAR. VEC. JEL Classification
C22
C51
L11.
Preço do açúcar. Preço do álcool. Agroindústria canavieira. VAR
VEC.
title_short Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in Brazil
title_full Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in Brazil
title_fullStr Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in Brazil
title_full_unstemmed Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in Brazil
title_sort Study of the prices of sugar and alcohol and its influence on long-term public stocks volume in Brazil
author Wolff, Laion
author_facet Wolff, Laion
Souza, Adriano Mendonça
author_role author
author2 Souza, Adriano Mendonça
author2_role author
dc.contributor.author.fl_str_mv Wolff, Laion
Souza, Adriano Mendonça
dc.subject.por.fl_str_mv Price sugar. Price alcohol. Sugar-cane agroindustry. VAR. VEC. JEL Classification
C22
C51
L11.
Preço do açúcar. Preço do álcool. Agroindústria canavieira. VAR
VEC.
topic Price sugar. Price alcohol. Sugar-cane agroindustry. VAR. VEC. JEL Classification
C22
C51
L11.
Preço do açúcar. Preço do álcool. Agroindústria canavieira. VAR
VEC.
description 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.
publishDate 2013
dc.date.none.fl_str_mv 2013-03-02
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://www.producaoonline.org.br/rpo/article/view/1105
10.14488/1676-1901.v13i1.1105
url https://www.producaoonline.org.br/rpo/article/view/1105
identifier_str_mv 10.14488/1676-1901.v13i1.1105
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://www.producaoonline.org.br/rpo/article/view/1105/1002
https://www.producaoonline.org.br/rpo/article/view/1105/985
dc.rights.driver.fl_str_mv Copyright (c) 2014 Revista Produção Online
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2014 Revista Produção Online
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
video/mp4
dc.publisher.none.fl_str_mv Associação Brasileira de Engenharia de Produção
publisher.none.fl_str_mv Associação Brasileira de Engenharia de Produção
dc.source.none.fl_str_mv Revista Produção Online; Vol. 13 No. 1 (2013); 162-179
Revista Produção Online; v. 13 n. 1 (2013); 162-179
1676-1901
reponame:Revista Produção Online
instname:Associação Brasileira de Engenharia de Produção (ABEPRO)
instacron:ABEPRO
instname_str Associação Brasileira de Engenharia de Produção (ABEPRO)
instacron_str ABEPRO
institution ABEPRO
reponame_str Revista Produção Online
collection Revista Produção Online
repository.name.fl_str_mv Revista Produção Online - Associação Brasileira de Engenharia de Produção (ABEPRO)
repository.mail.fl_str_mv ||producaoonline@gmail.com
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