Contents 1
Estimating the effect of the US-China trade war on the relationship between the prices in the international feed grain futures markets and China's pork market / Yiyang Qiao ; Byeong-il Ahn 1
ABSTRACT 1
Ⅰ. Introduction 1
Ⅱ. Development Process of US-China Trade War 3
Ⅲ. Literature Review 4
Ⅳ. Background and Research Hypotheses 5
Ⅴ. Methods 9
Ⅵ. Data 11
Ⅶ. Empirical Results 13
1. Structural Breaks Test Results 13
2. Unit Root Test Results 14
3. Univariate GARCH Model Results 14
4. Granger Causality Test Results 16
5. Dynamic Correlations Estimation with DCC-GARCH Model 17
Ⅷ. Conclusion 19
References 21