Assessing the impacts of stochastic trend in crop acreage supply response model

C-Tier
Journal: Applied Economics
Year: 2008
Volume: 40
Issue: 3
Pages: 295-302

Authors (4)

Murali Adhikari (not in RePEc) Krishna Paudel (Louisiana State University) Jack Houston (not in RePEc) James Bukenya (not in RePEc)

Score contribution per author:

0.251 = (α=2.01 / 4 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper demonstrates the need to revisit the way a technical change has been incorporated in a crop acreage supply response model. Three different versions of technological change were introduced and compared: no trend, deterministic trend, and stochastic trend. The results confirm the need to treat a technology variable as a stochastic trend for better results in crop acreage supply response model specifications.

Technical Details

RePEc Handle
repec:taf:applec:v:40:y:2008:i:3:p:295-302
Journal Field
General
Author Count
4
Added to Database
2026-01-28