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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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Author Info
Karantininis, Kostas

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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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File URL: http://purl.umn.edu/24198
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Publisher Info
Paper provided by Royal Veterinary and Agricultural University, Food and Resource Economic Institute in its series Unit of Economics Working papers with number 24198.

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Date of creation: 2001
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Handle: RePEc:ags:rvaewp:24198

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Web page: http://www.foi.life.ku.dk/
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Related research
Keywords: cross entropy estimator; Markov chain; pork industry; Denmark; Livestock Production/Industries; C340; C130; Q120;

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  1. Arndt, Channing & Wobst, Peter, 2002. "HIV/AIDS and labor markets in Tanzania," TMD discussion papers 102, International Food Policy Research Institute (IFPRI). [Downloadable!]
  2. 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. [Downloadable!]
  3. Piet, L., 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. [Downloadable!]
  4. Zimmermann, A. & Heckelei, T. & Perez, I., 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. [Downloadable!]
  5. Huettel, Silke & Jongeneel, Roel, 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. [Downloadable!]
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This page was last updated on 2009-12-11.


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