ON MODELING SYSTEMS OF CROP ACREAGE DEMANDS
Journal of Agricultural and Resource Economics · Volume 18, Issue 1, July 1993 · Pages 57–69
Abstract
This article presents an alternative approach to the specification of systems of crop acreage responses. Derived demands for acreages of individual crops are specified as conditional on total crop acreage, and related separability and dynamic specifications help to reduce the effects of multicollinearity in the system. A simple econometric model of crop acreage demands for Western Canada illustrates the methodology.
Article details
- Issue
- Volume 18, Issue 1
- Published
- July 1993
- Pages
- 57–69
- Full text
- PDF on AgEcon Search