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Structural Change in Supply Response Analysis of Corn Acreage

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  • Fred C. White
  • Kamil H. Shideed

Abstract

In most previous work on supply response analyses, estimated parameters were assumed constant over time. This study compared results from time-varying parameter models for U.S. corn acreage with OLS results. The time-varying parameter models imply larger effects of prices and faster adjustment than the constant parameter model. Further, this study provides elasticity estimates that reflect structural changes over time. In particular, corn acreage has become less responsive to changes in prices through time.

Suggested Citation

  • Fred C. White & Kamil H. Shideed, 1991. "Structural Change in Supply Response Analysis of Corn Acreage," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 13(2), pages 237-248.
    • Handle: RePEc:oup:revage:v:13:y:1991:i:2:p:237-248.
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    File URL: http://hdl.handle.net/10.2307/1349640
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    Cited by:

    1. Wallace E. Tyner & Farzad Taheripour, 2008. "Policy Options for Integrated Energy and Agricultural Markets," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(3), pages 387-396.
    2. Tyner, Wallace E. & Taheripour, Farzad, 2008. "Policy analysis for integrated energy and agricultural markets in a partial equilibrium framework," Integration of Agricultural and Energy Systems Conference, February 12-13, 2008, Atlanta, Georgia 48712, Farm Foundation.

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