THE EFFECT OF GOVERNMENT PROGRAMS ON ACREAGE RESPONSE OVER TIME: THE CASE OF CORN PRODUCTION IN IOWA
Christopher McIntosh and
Kamil H. Shideed
Western Journal of Agricultural Economics, 1989, vol. 14, issue 1, 7
Corn acreage response in Iowa is examined using a time-varying parameter regression model. Separate estimates of the permanent portion of the parameter vector are obtained for each year over the period 1957-82. The estimated elasticities are grouped into "program" and "nonprogram" periods. The results indicate corn acreage response is more own-price elastics, and the elasticity is less variable under government acreage control programs than under a "nonprogram" regime. The assumption of parameter constancy is shown to be inappropriate for modeling Iowa corn acreage response over time.
Keywords: Agricultural and Food Policy; Crop Production/Industries (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32462
Access Statistics for this article
More articles in Western Journal of Agricultural Economics from Western Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().