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The Structure of Agricultural Investment: Comparing a Flexible Accelerator with Stochastic Coefficients

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  • Conway, Roger
  • Hrubovcak, James
  • LeBlanc, Michael

Abstract

Two approaches, a flexible accelerator model and a stochastic coefficients alternative, are used to estimate the structure of aggregate agricultural investment. Structural estimates of the adjustment rates for each model are similar. The stochastic coefficients model, however, performs better in an out-of-sample forecast.

Suggested Citation

  • Conway, Roger & Hrubovcak, James & LeBlanc, Michael, 1985. "The Structure of Agricultural Investment: Comparing a Flexible Accelerator with Stochastic Coefficients," Technical Bulletins 157016, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerstb:157016
    DOI: 10.22004/ag.econ.157016
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    References listed on IDEAS

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    Cited by:

    1. Nielsen, Elizabeth G. & Miranowski, John A. & Morehart, Mitchell J, 1989. "Investments in Soil Conservation and Land Improvements: Factors Explaining Farmers' Decisions," Agricultural Economic Reports 308064, United States Department of Agriculture, Economic Research Service.
    2. Abebe, Kassahun & Dahl, Dale C. & Olson, Kent D., 1989. "The Demand For Farm Machinery," Staff Papers 14194, University of Minnesota, Department of Applied Economics.

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