IDEAS home Printed from https://ideas.repec.org/p/ags/umaesp/13710.html
   My bibliography  Save this paper

Least Squares Estimation Of Distributed Lag Models: Relationships Between Actual And First Difference Equations

Author

Listed:
  • Subotnik, Abraham
  • Houck, James P.

Abstract

The purpose of this paper is to focus on the rigidity model and illustrate some relationships between the typical use of the model and a version of it involving first differences in the dependent variable. These relationships will be extended to least squares estimation of rigidity models. A useful correspondence between least squares estimates of the typical model and the first difference model will be demonstrated.

Suggested Citation

  • Subotnik, Abraham & Houck, James P., 1970. "Least Squares Estimation Of Distributed Lag Models: Relationships Between Actual And First Difference Equations," Staff Papers 13710, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13710
    DOI: 10.22004/ag.econ.13710
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/13710/files/21322.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.13710?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Marc Nerlove, 1958. "Distributed lags and Estimation of Long-Run Supply and Demand Elasticities: Theoretical Considerations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(2), pages 301-310.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cancino, Susan & Escalante, Giovanni Orlando Cancino, 2021. "Aplicación del modelo de ajuste parcial nerloviano para estimar la elasticidad de la oferta de plátano en Colombia," Revista Tendencias, Universidad de Narino, vol. 22(2), pages 57-75, July.
    2. McClements, L.D., 1968. "A Quarterly Econometric Model of Pig Supply," Bulletins 232763, University of Manchester, School of Economics, Agricultural Economics Department.
    3. Bailey, Kenneth W. & Womack, Abner W., 1985. "Wheat Acreage Response: A Regional Econometric Investigation," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-10, December.
    4. Williams, Gary W. & Thompson, Robert L., 1984. "The Brazilian Soybean Industry: Economic Structure and Policy Interventions," Foreign Agricultural Economic Report (FAER) 147520, United States Department of Agriculture, Economic Research Service.
    5. Evens SALIES, 2004. "The consumption of ordinary wines in France : the effect of administered prices," Econometrics 0406003, University Library of Munich, Germany.
    6. Espinosa Acuña, Óscar A. & Vaca González, Paola A. & Avila Forero, Raúl A., 2013. "Elasticidades de demanda por electricidad e impactos macroecon_omicos del precio de la energía eléctrica en Colombia || Elasticity of Electricity Demand and Macroeconomics Impacts of Electricity Price," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 16(1), pages 216-249, December.
    7. Head, Keith & Mayer, Thierry, 2006. "Regional wage and employment responses to market potential in the EU," Regional Science and Urban Economics, Elsevier, vol. 36(5), pages 573-594, September.
    8. Dhehibi, Boubaker & Lachaal, Lassaad & Chebil, Ali, 2005. "Demand Analysis for Fish in Tunisia: An Empirical Approach," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24715, European Association of Agricultural Economists.
    9. Capps, Oral, Jr. & Havlicek, Joseph, Jr., 1978. "The Demand For Gasoline And Diesel Fuel In Agricultural Use In Virginia," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(1), pages 1-6, July.
    10. Roberts, Roland K., 1985. "Transportation Costs In Econometric Models Of State Agricultural Sectors: The Case Of Beef In Hawaii," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(1), pages 1-17, July.
    11. Gunjal, Kisan R. & Roberts, Roland K. & Heady, Earl O., 1980. "Fertilizer Demand Functions For Five Crops In The United States," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(2), pages 1-6, December.
    12. Nyangweso, P.M. & Odhiambo, M.O. & Odunga, P., 2007. "PR - Drivers Of Agricultural Exports In Eastern Africa: Evidence From Kenya, Uganda, And Tanzania," 16th Congress, Cork, Ireland, July 15-20, 2007 345403, International Farm Management Association.
    13. Shengying Zhai & Qihui Chen & Wenxin Wang, 2019. "What Drives Green Fodder Supply in China?—A Nerlovian Analysis with LASSO Variable Selection," Sustainability, MDPI, vol. 11(23), pages 1-17, November.
    14. Henry W. Kinnucan & Yuliang Miao, 1999. "Media-specific returns to generic advertising: The case of catfish," Agribusiness, John Wiley & Sons, Ltd., vol. 15(1), pages 81-99.
    15. Liu, Karen, 1981. "Multiple Crop Supply and Factor Demand Component of the World Grains, Oilseeds, and Livestock Model," Staff Reports 276718, United States Department of Agriculture, Economic Research Service.
    16. Henry De-Graft Acquah, 2013. "The Effect of Price and Climatic Variables on Maize Supply in Ghana," Journal of Social and Development Sciences, AMH International, vol. 4(1), pages 24-31.
    17. Penn, J.B. & Irwin, George D., 1971. "A Simultaneous Equation Approach To Production Response: Delta Region," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 3(1), pages 1-7, December.
    18. A. Chowdhury & Cary Herndon, 2000. "Supply response of farm program in rice-growing states," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 6(4), pages 771-781, November.
    19. Meilke, Karl D. & Coleman, Jonathan R., 1986. "An Evaluation of the Influence of Exchange Rates on the Canadian Red Meat Sector," Working Papers 244739, University of Guelph, Department of Food, Agricultural and Resource Economics.
    20. Valdés, Alberto & Foster, William E., 2014. "The agrarian reform experiment in Chile: History, impact, and implications:," IFPRI discussion papers 1368, International Food Policy Research Institute (IFPRI).

    More about this item

    Keywords

    Research Methods/ Statistical Methods;

    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:ags:umaesp:13710. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/daumnus.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.