IDEAS home Printed from https://ideas.repec.org/h/spr/adschp/978-3-031-92699-0_3.html
   My bibliography  Save this book chapter

Re-estimating Supply Elasticities of Selected Agricultural Commodities

In: Seven Decades of Econometrics and Beyond

Author

Listed:
  • Felix Chan

    (Curtin University)

  • Elizabeth L. Jackson

    (Curtin University)

  • Richard Dwumfour

    (Curtin University)

  • László Mátyás

    (Central European University)

Abstract

Marc Nerlove in his seminal work published in 1956 (Nerlove, 1956) explored the relevance of price expectations in agricultural production and how these may affect supply elasticities. This chapter extends the ‘Nerlovian model’ by taking into account some recent developments in panel data econometrics, volatility modelling and data availability. These new models are then estimated and tested using some FAO data sets. It turns out that although these fresh results shed a slightly different and more nuanced light on Nerlove’s original model, his approach is still relevant these days almost seven decades after its original insemination.

Suggested Citation

  • Felix Chan & Elizabeth L. Jackson & Richard Dwumfour & László Mátyás, 2025. "Re-estimating Supply Elasticities of Selected Agricultural Commodities," Advanced Studies in Theoretical and Applied Econometrics, in: Badi H. Baltagi & László Mátyás (ed.), Seven Decades of Econometrics and Beyond, pages 77-105, Springer.
    • Handle: RePEc:spr:adschp:978-3-031-92699-0_3
    DOI: 10.1007/978-3-031-92699-0_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:adschp:978-3-031-92699-0_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.