Analysis of the Dynamics of the Bovine Sector in Colombia and its Determinants from an ARDL Model
PDF

Keywords

Beef production
ARDL model
Livestock economy in Colombia and Explanatory variables

How to Cite

Diaz, R. A. D. ., Gonzalez, C. A. ., & Calderon, J. A. V. . (2024). Analysis of the Dynamics of the Bovine Sector in Colombia and its Determinants from an ARDL Model. Journal of Ecohumanism, 3(5), 1414–1428. https://doi.org/10.62754/joe.v3i5.4532

Abstract

The article carries out a comprehensive analysis of the beef production sector in Colombia using historical data and a time series model called Autoregressive Distributed Lags (ARDL). This approach allows estimating the relationships and significance of various explanatory variables of production in the sector. The results of the model reveal that beef production in Colombia is highly sensitive to domestic production and the domestic price, while exports, the international price and the exchange rate (TRM) do not show considerable statistical significance. This analysis provides a detailed understanding of the factors influencing beef production in Colombia, highlighting the importance of the domestic market over external influences .

https://doi.org/10.62754/joe.v3i5.4532
PDF
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.