The Effect Of Government Programs On Acreage Response Over Time: The Case Of Corn Production In Iowa
Corn acreage response in Iowa is examined using a time-varying parameter regression model. Separate estimates of the permanent portion of the parameter vector are obtained for each year over the period 1957-82. The estimated elasticities are grouped into Â“programÂ” and Â“nonprogramÂ” periods. The results indicate corn acreage response is more own-price elastics, and the elasticity is less variable under government acreage control programs than under a Â“nonprogramÂ” regime. The assumption of parameter constancy is shown to be inappropriate for modeling Iowa corn acreage response over time.
Volume (Year): 14 (1989)
Issue (Month): 01 (July)
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- Houck, James P., 1976. "Analyzing the Impact of Government Programs on Crop Acreage," Technical Bulletins 158119, United States Department of Agriculture, Economic Research Service.
- Gordon C. Rausser & Richard E. Just, 1981.
"Principles of policy modeling in agriculture,"
Proceedings – Rural and Agricultural Conferences,
Federal Reserve Bank of Kansas City, pages 139-178.
- Rausser, Gordon C. & Just, Richard E., 1981. "Principles of policy modeling in agriculture," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt04v728v1, Department of Agricultural & Resource Economics, UC Berkeley.