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An ARIMA Methodology for Examining the Competitive Hypothesis in Agriculture

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  • Fullerton, Thomas M., Jr.
  • Huffman, Wallace E.

Abstract

The adoption of advertising and product differentiation strategies normally associated with monopolistically competitive industry structures calls into question the competitive assumption generally utilized in agricultural econometrics. The scale of large corporate, and sole proprietor, farms has also expanded during the past century and a half. As a means for examining the competitive hypothesis, a univariate time series methodology is proposed that involves both formal statistical testing and informal inference regarding individual model characteristics. Empirical analysis utilizes data for seven vegetable producing regions of the United States.

Suggested Citation

  • Fullerton, Thomas M., Jr. & Huffman, Wallace E., 2002. "An ARIMA Methodology for Examining the Competitive Hypothesis in Agriculture," ISU General Staff Papers 200203010800001396, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:200203010800001396
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