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Econometric Estimation and Results

In: Persistence Pays

Author

Listed:
  • Julian M. Alston

    (University of California, Davis)

  • Jennifer S. James

    (California Polytechnic State University)

  • Matthew A. Andersen

    (University of Wyoming)

  • Philip G. Pardey

    (University of Minnesota)

Abstract

The implementation of the general model developed in Chapter 9 requires some specific choices about the detail of the model, beginning with the functional form. In the present chapter we discuss those choices, and present and interpret the resulting econometric estimates, along with the results of some analysis of the sensitivity of the estimates to model specification choices. In Chapter 11 we report the results from using the econometric estimates to compute a range of benefit-cost ratios for alternative types of research spending, and in Chapter 12 we interpret and assess the results from both the econometric estimation and the benefit-cost analysis.

Suggested Citation

  • Julian M. Alston & Jennifer S. James & Matthew A. Andersen & Philip G. Pardey, 2010. "Econometric Estimation and Results," Natural Resource Management and Policy, in: Persistence Pays, chapter 0, pages 313-351, Springer.
    • Handle: RePEc:spr:nrmchp:978-1-4419-0658-8_10
    DOI: 10.1007/978-1-4419-0658-8_10
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    Cited by:

    1. Takeshima, Hiroyuki & Nasir, Abdullahi Mohammed, 2017. "The role of the locations of public sector varietal development activities on agricultural productivity: Evidence from northern Nigeria:," NSSP working papers 42, International Food Policy Research Institute (IFPRI).
    2. Jeffrey M. Wooldridge, 2015. "Control Function Methods in Applied Econometrics," Journal of Human Resources, University of Wisconsin Press, vol. 50(2), pages 420-445.

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