Affordable Access

MODELING SUPPLY RESPONSE IN A MULTIPRODUCT FRAMEWORK REVISITED: THE NEXUS OF EMPIRICS AND ECONOMICS

Authors
Disciplines
  • Agricultural Science

Abstract

This paper models supply response in U.S. agriculture using disaggregated output data and tests statistically key assumptions traditionally maintained in agricultural supply studies. Following Vasavada and Chambers; Shumway; and Ball, we use U.S.-level data, 1948-1999 to estimate a multiproduct supply response model for U.S. agriculture, and report our preliminary results.

There are no comments yet on this publication. Be the first to share your thoughts.