IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v75y1993i1p203-209..html
   My bibliography  Save this article

Dynamic Fertilizer Nutrient Demands for Corn: A Cointegrated and Error-Correcting System

Author

Listed:
  • Mark Denbaly
  • Harry Vroomen

Abstract

Past studies of the demand for fertilizer have typically been based on static models which assume that adjustments toward equilibrium are instantaneous. This article builds on past studies by developing a dynamic model of nutrient demands of corn. Unit root and cointegration tests demonstrate that fertilizer demands of corn are dynamic. Therefore, statistically correct estimates can be obtained using a dynamic model. A set of error-correction models for nitrogen, phosphate, and potash use in corn production are estimated. Results provide strong statistical evidence that nutrient demands of corn are price inelastic both in the short and the long run.

Suggested Citation

  • Mark Denbaly & Harry Vroomen, 1993. "Dynamic Fertilizer Nutrient Demands for Corn: A Cointegrated and Error-Correcting System," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(1), pages 203-209.
    • Handle: RePEc:oup:ajagec:v:75:y:1993:i:1:p:203-209.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1242968
    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. Laura M. J. McCann & K. William Easter, 1999. "Differences between Farmer and Agency Attitudes Regarding Policies to Reduce Phosphorus Pollution in the Minnesota River Basin," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 21(1), pages 189-207.
    2. Khor, Ling Yee & Zeller, Manfred, 2012. "Doubts on input quality: The effect of inaccurate fertilizer content on the estimation of production functions and technical efficiency," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126212, International Association of Agricultural Economists.
    3. Cloé Garnache & Scott M. Swinton & Joseph A. Herriges & Frank Lupi & R. Jan Stevenson, 2016. "Solving the Phosphorus Pollution Puzzle: Synthesis and Directions for Future Research," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 98(5), pages 1334-1359.
    4. Mergos, G. J. & Stoforos, Ch. E., 1997. "Fertilizer demand in Greece," Agricultural Economics, Blackwell, vol. 16(3), pages 227-235, August.
    5. Austin, Darran & Cao, Kay & Rys, Gerald, 2006. "Modelling Nitrogen Fertiliser Demand in New Zealand," 2006 Conference, August 24-25, 2006, Nelson, New Zealand 31970, New Zealand Agricultural and Resource Economics Society.
    6. Melfou, Katerina, 2005. "Regulating Pesticides in Greek Agriculture," 89th Seminar, February 2-5, 2005, Parma, Italy 234619, European Association of Agricultural Economists.
    7. Sohngen, Brent & King, Kevin W. & Howard, Gregory & Newton, John & Forster, D. Lynn, 2015. "Nutrient prices and concentrations in Midwestern agricultural watersheds," Ecological Economics, Elsevier, vol. 112(C), pages 141-149.
    8. McCann, Laura M.J. & Easter, K. William, 1998. "Estimating Transaction Costs Of Alternative Policies To Reduce Phosphorous Pollution In The Minnesota River," Staff Papers 13919, University of Minnesota, Department of Applied Economics.
    9. Daberkow, Stan G. & Lambert, Dayton M. & Musser, Wesley N., 2007. "U.S. Corn Producer’s Response to Increased Energy Prices: Evidence from Producer Surveys in 2001 and 2005," Western Economics Forum, Western Agricultural Economics Association, vol. 6(1), pages 1-14.
    10. Rami Rawashdeh, 2023. "Estimating short-run (SR) and long-run (LR) demand elasticities of phosphate," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 36(2), pages 239-253, June.
    11. Ribaudo, Marc & Delgado, Jorge & Hansen, LeRoy T. & Livingston, Michael J. & Mosheim, Roberto & Williamson, James M., 2011. "Nitrogen in Agricultural Systems: Implications for Conservation Policy," Economic Research Report 118022, United States Department of Agriculture, Economic Research Service.
    12. Williamson, James M., 2011. "The Role of Information and Prices in the Nitrogen Fertilizer Management Decision: New Evidence from the Agricultural Resource Management Survey," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(3), pages 1-21.
    13. Steen, Frode & Salvanes, Kjell G., 1999. "Testing for market power using a dynamic oligopoly model," International Journal of Industrial Organization, Elsevier, vol. 17(2), pages 147-177, February.
    14. Daberkow, Stan G. & McBride, William D., 2004. "Corn Producers´ Response To The 2001 Nitrogen Fertilizer Price Increase," 2004 Annual meeting, August 1-4, Denver, CO 20271, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Hansen, Lars Gårn, 2004. "Nitrogen Fertilizer Demand from Danish Crop Farms - Regulatory Implications of Farm Heterogeneity," MPRA Paper 48366, University Library of Munich, Germany.
    16. Rezek, Jon P. & Perrin, Richard K., 2004. "Environmentally Adjusted Agricultural Productivity in the Great Plains," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(2), pages 1-24, August.

    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:75:y:1993:i:1:p:203-209.. 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.