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Information-based estimators for the non-stationary transition probability matrix: an application to the Danish pork industry

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  • Karantininis, Kostas

Abstract

A generalised cross entropy instrumental variables estimator is used to recover the non-stationary transition probability matrix for the Danish pork industry. A technique is also developed to recover missing data points due to category re-specifications. The impact of a set of exogenous variables (prices of pork meat, inputs, and pork substitutes), are evaluated in the form of elasticities. An overall assessment of entry exit and growth of farms is performed.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Econometrics.

Volume (Year): 107 (2002)
Issue (Month): 1-2 (March)
Pages: 275-290

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Handle: RePEc:eee:econom:v:107:y:2002:i:1-2:p:275-290

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Web page: http://www.elsevier.com/locate/jeconom

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  1. Amos Golan & Stephen Vogel, 2000. "Estimation of Non-Stationary Social Accounting Matrix Coefficients with Supply-Side Information," Economic Systems Research, Taylor and Francis Journals, vol. 12(4), pages 447-471.
  2. Golan, Amos & Judge, George & Perloff, Jeffrey, 1997. "Estimation and inference with censored and ordered multinomial response data," Journal of Econometrics, Elsevier, vol. 79(1), pages 23-51, July.
  3. MacRae, Elizabeth Chase, 1977. "Estimation of Time-Varying Markov Processes with Aggregate Data," Econometrica, Econometric Society, vol. 45(1), pages 183-98, January.
  4. Jovanovic, Boyan, 1982. "Selection and the Evolution of Industry," Econometrica, Econometric Society, vol. 50(3), pages 649-70, May.
  5. Mike Massow & Alfons Weersink & Calum G. Turvey, 1992. "Dynamics of Structural Change in the Ontario Hog Industry," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 40(1), pages 93-107, 03.
  6. Evans, David S, 1987. "Tests of Alternative Theories of Firm Growth," Journal of Political Economy, University of Chicago Press, vol. 95(4), pages 657-74, August.
  7. McFadden, Daniel, 1974. "The measurement of urban travel demand," Journal of Public Economics, Elsevier, vol. 3(4), pages 303-328, November.
  8. Disney, W. Terry & Duffy, Patricia A. & Hardy, William E., Jr., 1988. "A Markov Chain Analysis Of Pork Farm Size Distributions In The South," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(02), December.
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Cited by:
  1. Huettel, Silke & Jongeneel, Roelof A., 2009. "Impact of the EU Milk Quota on Structural Change in the Dairy Sectors of Germany and The Netherlands," 2009 Conference, August 16-22, 2009, Beijing, China 50943, International Association of Agricultural Economists.
  2. Arndt, Channing, 2006. "HIV/AIDS, human capital, and economic growth prospects for Mozambique," Journal of Policy Modeling, Elsevier, vol. 28(5), pages 477-489, July.
  3. Xavier, Antonio & Martins, Maria de Belem & Fragoso, Rui Manuel de Sousa, 2011. "Recovery of Incomplete Data of Statistical Livestock Number Applying an Entropy Approach," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 115790, European Association of Agricultural Economists.
  4. Huettel, Silke & Jongeneel, Roelof A., 2008. "Structural Change in the Dairy Sectors of Germany and The Netherlands - A Markov Chain Analysis," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 43659, European Association of Agricultural Economists.
  5. Piet, Laurent, 2011. "Assessing structural change in agriculture with a parametric Markov chain model. Illustrative applications to EU-15 and the USA," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114668, European Association of Agricultural Economists.
  6. Zimmermann, Andrea & Heckelei, Thomas & Adenauer, Marcel, 2007. "Report and Code to Simulate Structural Change," Reports 57468, SEAMLESS: System for Environmental and Agricultural Modelling, Linking European Science and Society.
  7. Arndt, Channing & Wobst, Peter, 2002. "HIV/AIDS and labor markets in Tanzania," TMD discussion papers 102, International Food Policy Research Institute (IFPRI).
  8. Madior Fall & Laurent Piet & Muriel Roger, 2010. "Trends in the French commercial farm population," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 91(3), pages 279-295.
  9. Thia Hennessy & Tahir Rehman, 2006. "Modelling the Impact of Decoupling on Structural Change in the Farming Sector: integrating econometric and optimisation models," Working Papers 0601, Rural Economy and Development Programme,Teagasc.
  10. Zimmermann, Andrea & Heckelei, Thomas & Perez Dominguez, Ignacio, 2006. "Working paper: Literature Review of Approaches to Estimate Structural Change," Reports 9304, SEAMLESS: System for Environmental and Agricultural Modelling, Linking European Science and Society.
  11. Piet, Laurent, 2008. "The evolution of farm size distribution: revisiting the Markov chain model," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44269, European Association of Agricultural Economists.
  12. Wobst, Peter & Arndt, Channing, 2004. "HIV/AIDS and Labor Force Upgrading in Tanzania," World Development, Elsevier, vol. 32(11), pages 1831-1847, November.
  13. Wobst, Peter & Arndt, Channing, 2003. "HIV/AIDS and Primary School Performance in Tanzania," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25870, International Association of Agricultural Economists.

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