Marginal Propensity to Consume for a Sample of Kansas Farms

Michael Langemeier and Lindsey Snider

No 45971, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: This paper examined the marginal propensity to consume (MPC) for a sample of Kansas farms. Sensitivity of estimated MPCs to the use of accrual net farm income, net cash farm income, and the inclusion of off-farm income was also examined. Results yielded a range of short-run MPCs from 0.011 to 0.015. Statistical tests suggested that the income coefficients used to compute short-run MPCs were not statistically different.

Keywords: Agricultural Finance; Farm Management (search for similar items in EconPapers)
Pages: 10
Date: 2009
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeana:45971

DOI: 10.22004/ag.econ.45971

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