IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v46y1964i3p673-681..html
   My bibliography  Save this article

Temporal Aggregation in Distributed Lag Models

Author

Listed:
  • George W. Ladd

Abstract

Nerlove and Mundlak have shown that the estimated adjustment coefficient in Koyck-Nerlove models is generally larger in studies using longer unit observation periods. Results from quarterly and monthly food demand analyses are consistent with their conclusion, while results from quarterly and annual analyses are inconsistent with their conclusion. The most interesting explanation of the inconsistency leads to the following hypothesis. National annual consumption of foods is predetermined and price is endogenous. The coefficient of lagged annual consumption is biased away from zero if (a) current consumption is assumed endogenous, but is unbiased if (b) price is assumed endogenous. Estimated coefficients of lagged annual consumption will be significant more frequently in case (a) than in case (b). Annual food demand analyses accept this hypothesis.

Suggested Citation

  • George W. Ladd, 1964. "Temporal Aggregation in Distributed Lag Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 46(3), pages 673-681.
    • Handle: RePEc:oup:ajagec:v:46:y:1964:i:3:p:673-681.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1236451
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sexauer, Benjamin, 1976. "A Monthly Analysis Of Consumer Demand In The United States," Staff Papers 13419, University of Minnesota, Department of Applied Economics.

    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:oup:ajagec:v:46:y:1964:i:3:p:673-681.. 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: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.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.