Impact of economic policy uncertainty on price of mutton sheep industry chain
Macroeconomic uncertainty is one of the important factors affecting the price of the mutton sheep industry chain.Using monthly data on the price of the mutton sheep industry chain from June 2011 to June 2022 as the research sample,the VAR model is used to test the impact of macroeconomic uncertainty on the price of the mutton sheep industry chain through impulse response function and variance decomposition.The results indicate that macroeconomic uncertainty helps stabilize the prices of the mutton sheep industry chain.The response period of macroeconomic uncertainty to the price impact of the mutton sheep industry chain is two years,and the contribution rate of macroeconomic uncertainty to the mutton sheep industry chain price in the second year is about 6.924 5％.Based on this,countermeasures and suggestions are proposed to improve the circulation mechanism of the mutton sheep market,establish a price monitoring system for the mutton sheep industry chain,and promote moderate scale mutton sheep breeding,in order to promote the sustainable development of the mutton sheep industry.
macroeconomic uncertaintyprice of mutton sheep industry chainVAR modelimpulse response function
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