Distributed lags and barley acreage response analysis
The need to incorporate production response lags in agricultural supply models is established, and two such lags are considered: the familiar adaptive expectations geometric lag, and a more general polynomial lag. These distributed lag supply response models are applied to Australian barley data for the period 1946-47 to 1968-69. A number of statistical problems associated with the adaptive expectations model are discussed, and in particular it is concluded that lags both in the formation of...[Show more]
|Collections||ANU Research Publications|
|Source:||Australian Journal of Agricultural and Resources Economics|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.