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Two approaches, a flexible accelerator model and a stochastic coefficients alternative, are used to estimate the structure of aggregate agricultural investment. Structural estimates of the adjustment rates for each model are similar. The stochastic coefficients model, however, performs better in an out-of-sample forecast.

Keywords: Investment ; flexible accelerator ; stochastic coefficients ; adjustment coefficient

Subject(s): Agricultural Finance

Research Methods/ Statistical Methods

Issue Date: 1985-12

Publication Type: Report

PURL Identifier: http://purl.umn.edu/157016

Total Pages: 28

Series Statement: Technical Bulletin

1715

Record appears in: United States Department of Agriculture (USDA) > Economic Research Service > Technical Bulletins





Autor: Conway, Roger ; Hrubovcak, James ; LeBlanc, Michael

Fuente: http://ageconsearch.umn.edu/record/157016?ln=en



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