IDEAS home Printed from https://ideas.repec.org/p/ags/umaesp/13710.html

Least Squares Estimation Of Distributed Lag Models: Relationships Between Actual And First Difference Equations

Author

Listed:
  • Subotnik, Abraham
  • Houck, James P.

Abstract

The purpose of this paper is to focus on the rigidity model and illustrate some relationships between the typical use of the model and a version of it involving first differences in the dependent variable. These relationships will be extended to least squares estimation of rigidity models. A useful correspondence between least squares estimates of the typical model and the first difference model will be demonstrated.

Suggested Citation

  • Subotnik, Abraham & Houck, James P., 1970. "Least Squares Estimation Of Distributed Lag Models: Relationships Between Actual And First Difference Equations," Staff Papers 13710, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13710
    DOI: 10.22004/ag.econ.13710
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/13710/files/21322.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.13710?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Marc Nerlove, 1958. "Distributed lags and Estimation of Long-Run Supply and Demand Elasticities: Theoretical Considerations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(2), pages 301-310.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brar, Jagjit S., 1977. "Estimation Of Economic Rent As A Measure Of Factor Owners' Welfare," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 1(01), pages 1-6, June.
    2. Susan Cancino & Giovanni Orlando Cancino Escalante, 2021. "Aplicación del modelo de ajuste parcial nerloviano para estimar la elasticidad de la oferta de plátano en Colombia," Revista Tendencias, Universidad de Narino, vol. 22(2), pages 57-75.
    3. McClements, L.D., 1968. "A Quarterly Econometric Model of Pig Supply," Bulletins 232763, University of Manchester, School of Economics, Agricultural Economics Department.
    4. Bailey, Kenneth W. & Womack, Abner W., 1985. "Wheat Acreage Response: A Regional Econometric Investigation," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-10, December.
    5. Roberts, Roland K. & Martin, William J., 1984. "State-Level Analysis Of National Beef Policy: The Use Of State Econometric Models," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(2), pages 1-10, December.
    6. Williams, Gary W. & Thompson, Robert L., 1984. "The Brazilian Soybean Industry: Economic Structure and Policy Interventions," Foreign Agricultural Economic Report (FAER) 147520, United States Department of Agriculture, Economic Research Service.
    7. Evens SALIES, 2004. "The consumption of ordinary wines in France : the effect of administered prices," Econometrics 0406003, University Library of Munich, Germany.
    8. Espinosa Acuña, Óscar A. & Vaca González, Paola A. & Avila Forero, Raúl A., 2013. "Elasticidades de demanda por electricidad e impactos macroecon_omicos del precio de la energía eléctrica en Colombia || Elasticity of Electricity Demand and Macroeconomics Impacts of Electricity Price in Colombia," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 16(1), pages 216-249, December.
    9. Liu, Hsiang-Hsi, 1983. "An annual simultaneous equation econometric model of U.S. corn and soybean cash and futures markets," ISU General Staff Papers 198301010800009935, Iowa State University, Department of Economics.
    10. Head, Keith & Mayer, Thierry, 2006. "Regional wage and employment responses to market potential in the EU," Regional Science and Urban Economics, Elsevier, vol. 36(5), pages 573-594, September.
    11. Elterich, G. Joachim & Masud, Sharif M., 1980. "Milk Supply Response In Delaware," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 9(01), pages 1-5, April.
    12. Ranjan Paltasingh, Kirtti & Goyari, Phanindra, 2013. "Supply Response in Rainfed Agriculture of Odisha, Eastern India: A Vector Error Correction Approach," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 14(2), pages 1-16.
    13. Jean-Claude Nascimento & Marc Raffinot, 1985. "Politique de prix agricoles et comportement des producteurs : le cas de l'arachide au Sénégal," Revue Économique, Programme National Persée, vol. 36(4), pages 779-796.
    14. Dhehibi, Boubaker & Lachaal, Lassaad & Chebil, Ali, 2005. "Demand Analysis for Fish in Tunisia: An Empirical Approach," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24715, European Association of Agricultural Economists.
    15. Sartorius von Bach, H J, 1990. "Supply Response of Beef in Namibia: Empirical Evidence," 1990 Symposium, Agricultural Restructuring in Southern Africa, July 24-27, 1990, Swakopmund, Namibia 183505, International Association of Agricultural Economists.
    16. Roberts, Roland K. & Vieth, Gary R. & Nolan, James C., 1982. "An Analysis Of The Impact Of Energy Price Escalations During The 1970'S On Hawaii Beef Production And Prices," 1982 Annual Meeting, August 1-4, Logan, Utah 279470, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    17. Roberts, Roland K., 1985. "Transportation Costs In Econometric Models Of State Agricultural Sectors: The Case Of Beef In Hawaii," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(01), pages 1-17, July.
    18. Ayinde, Opeyemi Eyitayo & Bessler, David Arnold & Oni, Femi Emmanuel, . "Analysis Of Supply Response And Price Risk On Rice Production In Nigeria," Journal of Agribusiness and Rural Development, University of Life Sciences, Poznan, Poland, vol. 43(01).
    19. Gunjal, Kisan R. & Roberts, Roland K. & Heady, Earl O., 1980. "Fertilizer Demand Functions For Five Crops In The United States," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(2), pages 1-6, December.
    20. Roberts, Roland K. & Vieth, Gary R. & Nolan, James C., Jr., 1984. "An Analysis Of The Impact Of Energy Price Escalations During The 1970s On Hawaii Beef Production And Prices," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(01), pages 1-16, July.

    More about this item

    Keywords

    ;

    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:ags:umaesp:13710. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/daumnus.html .

    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.