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A Cautionary Note On Polynomial Distributed Lag Formulations Of Supply Response

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Author Info

  • Azzam, Azzeddine M.
  • Yanagida, John F.

Abstract

This paper uses the Pagano-Hartley procedure to estimate the lag length and polynomial degree for the case of a quarterly hog supply equation. The results show that the nicely humped shapes which materialize when using the Almon lag may be caused by the failure in accounting for autocorrelation in determining lag length and polynominal degree.

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File URL: http://purl.umn.edu/32471
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Bibliographic Info

Article provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.

Volume (Year): 12 (1987)
Issue (Month): 01 (July)
Pages:

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Handle: RePEc:ags:wjagec:32471

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Web page: http://waeaonline.org/
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Related research

Keywords: Livestock Production/Industries; Research Methods/ Statistical Methods;

References

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  1. Hendry, David F. & Pagan, Adrian R. & Sargan, J.Denis, 1984. "Dynamic specification," Handbook of Econometrics, in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 2, chapter 18, pages 1023-1100 Elsevier.
  2. K. D. Meilke & A. C. Zwart & L. J. Martin, 1974. "North American Hog Supply: A Comparison Of Geometric And Polynomial Distributed Lag Models," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 22(2), pages 15-30, 07.
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Cited by:
  1. Augustin Kwasi Fosu, 2011. "Terms of Trade and Growth of Resource Economies: A Tale of Two Countries," Working Paper Series UNU-WIDER Working Paper W, World Institute for Development Economic Research (UNU-WIDER).

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