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

Roger Conway, James Hrubovcak and Michael LeBlanc

No 157016, Technical Bulletins from United States Department of Agriculture, Economic Research Service

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.

Keywords: Agricultural Finance; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 28
Date: 1985-12
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerstb:157016

DOI: 10.22004/ag.econ.157016

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