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An Econometric Analysis of the Supply Response for North Carolina Field Crops

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  • Fletcher, Stanley M.
  • Gellatly, Colin

Abstract

Until recently econometric models of supply response have been based either on the Nerlovian models (adaptive expectations or partial adjustment) or other types of distributed lag models (e.g., polynomial lag models). Generally these models have been based on the hypothesis that supply response is a function of only the expected price or returns. Recently two further aspects have been incorporated in supply response models.

Suggested Citation

  • Fletcher, Stanley M. & Gellatly, Colin, 1977. "An Econometric Analysis of the Supply Response for North Carolina Field Crops," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283740, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea77:283740
    DOI: 10.22004/ag.econ.283740
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    Research Methods/ Statistical Methods;

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