THE SINGLE INDEX MARKET MODEL IN AGRICULTURE

Gempesaw, Conrado M.,, A.M. Tambe, Rodolfo Nayga and Ulrich C. Toensmeyer

Northeastern Journal of Agricultural and Resource Economics, 1988, vol. 17, issue 2, 9

Abstract: This study illustrates the differences in empirical results due to data measurements and estimating procedures when applying the single index market model in agriculture. Gross and net return betas along with systematic and unsystematic risk proportions are estimated and found to be different. The stochastic coefficients model is used to show the difference in beta-risk estimates compared with the traditional fixed coefficients OLS procedure. A third estimating technique, weighted least squares/Prais Winsten method, is also proposed.

Keywords: Research; Methods/; Statistical; Methods (search for similar items in EconPapers)
Date: 1988
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:nejare:28834

DOI: 10.22004/ag.econ.28834

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