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Distributed Lag Models of Cotton Acreage Response: A Further Result
Author(s) -
Tomek William G.
Publication year - 1972
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1237740
Subject(s) - lag , distributed lag , time lag , sensitivity (control systems) , econometrics , computer science , constant (computer programming) , distributed element model , economics , engineering , programming language , computer network , electrical engineering , electronic engineering
The sensitivity of empirical results to changes in model specification is illustrated for a geometric‐form distributed lag model of cotton acreage response. One plausible specification gives a distributed lag response of acreage to price. Another logical, and perhaps more reasonable, specification indicates no distributed lag response.