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Modeling State Agriculture: An Application And Some Implications

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  • Onafowora, Olugbenga
  • D'Souza, Gerard E.
  • Colyer, Dale

Abstract

A disaggregated econometric model of the agricultural sector at the state level is constructed. Using time series data on West Virginia agriculture and three-stage least squares in estimation, the model is employed to examine how various components of the state's agricultural sector adjust to changes in certain price and nonprice variables. Results reveal characteristics of the state's agricultural economy that are both unique and useful - characteristics that are usually masked in aggregate models but that have profound implications for modeling producer decision making and policy formulation.

Suggested Citation

  • Onafowora, Olugbenga & D'Souza, Gerard E. & Colyer, Dale, 1990. "Modeling State Agriculture: An Application And Some Implications," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 19(2), pages 1-13, October.
    • Handle: RePEc:ags:nejare:29042
    DOI: 10.22004/ag.econ.29042
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    References listed on IDEAS

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    3. Dean T. Chen, 1977. "The Wharton Agricultural Model: Structure, Specification, and Some Simulation Results," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(1), pages 107-116.
    4. Richard E. Just, 1977. "Agricultural Sector Models and Their Interface with the General Economy: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(1), pages 137-140.
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