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Heteroscedasticity In Broiler Meat Expenditure Pattern Estimation

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  • Huang, Chung L.
  • Raunikar, Robert
  • Tyan, Holly L.

Abstract

This study presents the empirical results of estimating the household broiler meat expenditure pattern in the western region using the 1977-78 United States Department of Agriculture Nationwide Food Consumption Survey. The effects of assuming homoscedasticity and heteroscedasticity in the tobit model on resulting estimates are discussed in terms of estimated coefficients, marginal effects, and elasticities. Based on the strength of the sample data, the results suggest that specification of the homoscedastic model should be rejected in favor of the heteroscedastic model, implying that the validity of homoscedasticity should not be routinely accepted without testing when applying tobit procedure to analyze survey data.

Suggested Citation

  • Huang, Chung L. & Raunikar, Robert & Tyan, Holly L., 1986. "Heteroscedasticity In Broiler Meat Expenditure Pattern Estimation," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(2), pages 1-9, December.
    • Handle: RePEc:ags:wjagec:32248
    DOI: 10.22004/ag.econ.32248
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    References listed on IDEAS

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    1. G.S. Maddala & Forrest D. Nelson, 1975. "Specification Errors in Limited Dependent Variable Models," NBER Working Papers 0096, National Bureau of Economic Research, Inc.
    2. Stephenson, Stanley P, Jr & McDonald, John F, 1979. "Disaggregation of Income Maintenance Impacts on Family Earnings," The Review of Economics and Statistics, MIT Press, vol. 61(3), pages 354-360, August.
    3. Huang, Chung Liang & Raunikar, Robert, 1982. "A Probabilistic Approach to Estimating Aggregate Regional Demand for Broiler Meat," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 14(2), pages 131-137, December.
    4. Sylvia Lane, 1978. "Food Distribution and Food Stamp Program Effects on Food Consumption and Nutritional "Achievement" of Low Income Persons in Kern County, California," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(1), pages 108-116.
    5. Huang, Chung L. & Raunikar, Robert, 1982. "A Probabilistic Approach To Estimating Aggregate Regional Demand For Broiler Meat," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 14(2), pages 1-7, December.
    6. Amemiya, Takeshi, 1984. "Tobit models: A survey," Journal of Econometrics, Elsevier, vol. 24(1-2), pages 3-61.
    7. Hurd, Michael, 1979. "Estimation in truncated samples when there is heteroscedasticity," Journal of Econometrics, Elsevier, vol. 11(2-3), pages 247-258.
    8. Smith, Marlene A. & Maddala, G. S., 1983. "Multiple model testing for non-nested heteroskedastic censored regression models," Journal of Econometrics, Elsevier, vol. 21(1), pages 71-81, January.
    9. C. S. Thraen & J. W. Hammond & B. M. Buxton, 1978. "Estimating Components of Demand Elasticities from Cross-Sectional Data," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(4), pages 674-677.
    10. Nelson, Forrest D, 1981. "A Test for Misspecification in the Censored Normal Model," Econometrica, Econometric Society, vol. 49(5), pages 1317-1329, September.
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    Cited by:

    1. Kumar, Anjani & Kumar, Pramod & Sharma, Alakh N., 2012. "Crop Diversification in Eastern India: Status and Determinants," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 67(4), pages 1-17.

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