Using Bayesian Kriging for spatial smoothing of trends in non-normal yield densities
Bart Niyibizi,
B Brorsen and
Eunchun Park
Agricultural Finance Review, 2021, vol. 82, issue 5, 815-827
Abstract:
Purpose - The purpose of this paper is to estimate crop yield densities considering time trends in the first three moments and spatially varying coefficients. Design/methodology/approach - Yield density parameters are assumed to be spatially correlated, through a Gaussian spatial process. This study spatially smooth multiple parameters using Bayesian Kriging. Findings - Assuming that county yields follow skew normal distributions, the location parameter increased faster in the eastern and northwestern counties of Iowa, while the scale increased faster in southern counties and the shape parameter increased more (implying less left skewness) in southwestern counties. Over time, the mean has increased sharply, while the variance and left skewness increased modestly. Originality/value - Bayesian Kriging can smooth time-varying yield distributions, handle unbalanced panel data and provide estimates when data are missing. Most past models used a two-stage estimation procedure, while our procedure estimates parameters jointly.
Keywords: Bayesian hierarchical modelling; Bayesian spatial smoothing; Corn yield; Skew normal distribution; Spatial econometrics; Spatially varying coefficients (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eme:afrpps:afr-04-2021-0042
DOI: 10.1108/AFR-04-2021-0042
Access Statistics for this article
Agricultural Finance Review is currently edited by Valentina Hartarska and Denis Nadolnyak
More articles in Agricultural Finance Review from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().