A Multi-Year, Stochastic, Farm Simulation Model for Northern Nigeria: An Experimental Design Approach

Eric W. Crawford and Robert A. Milligan

American Journal of Agricultural Economics, 1982, vol. 64, issue 4, 728-737

Abstract: The paper illustrates the use of experimental design in simulation modelling. Income growth prospects for small farms in northern Nigeria are examined under deterministic and stochastic conditions. A partial factorial design is employed to assess the impact on growth of resource endowment, stochastic yields and returns, consumption behavior, and enterprise opportunities. Analysis of variance on the deterministic results indicates that the key determinants of financial performance are stochastic events and family size and resource endowment. Capital accumulation under stochastic returns is slower than under fixed average returns. The value of a multi-year model is discussed.

Date: 1982
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2307/1240582 (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:oup:ajagec:v:64:y:1982:i:4:p:728-737.

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().