The Determinants of Technology Adoption by UK Farmers using Bayesian Model Averaging. The Cases of Organic Production and Computer Usage
AbstractWe introduce and implement a reversible jump approach to Bayesian Model Averaging for the Probit model with uncertain regressors. This approach provides a direct estimate of the probability that a variable should be included in the model. Two applications are investigated. The �rst is the adoption of organic systems in UK farming, and the second is the in�uence of farm and farmer characteristics on the use of a computer on the farm. While there is a correspondence between the conclusions we would obtain with and without model averaging results, we �find important di¤erences, particularly in smaller samples.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 25193.
Date of creation: 2010
Date of revision:
Agriculture; Adoption; Model Averaging; Organic; Computer;
Other versions of this item:
- Richard Tiffin & Kelvin Balcombe, 2011. "The determinants of technology adoption by UK farmers using Bayesian model averaging: the cases of organic production and computer usage," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(4), pages 579-598, October.
- Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
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- Fernandez, Carmen & Ley, Eduardo & Steel, Mark F. J., 2001.
"Benchmark priors for Bayesian model averaging,"
Journal of Econometrics,
Elsevier, vol. 100(2), pages 381-427, February.
- Carmen Fernandez & Eduardo Ley & Mark F.J. Steel, 1998. "Benchmark Priors for Bayesian Model Averaging," Econometrics 9804001, EconWPA, revised 31 Jul 1999.
- Carmen Fernandez & E Ley & Mark F J Steel, 2004. "Benchmark priors for Bayesian models averaging," ESE Discussion Papers 66, Edinburgh School of Economics, University of Edinburgh.
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