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An Error-Components Three-Stage Least-Squares Model of Investment Allocation by Farm Households

Stephen P. Davies, Kenneth W. Erickson, Steven Vickner, Dana Hoag () and Richard F. Nehring

No 19249, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper is an assessment of patterns of investment by farm households via an econometric model adapted from a land allocation approach of Holt (1999). This analysis will shed light on the importance of different classes of assets to farm household well-being, and show the reaction of farm households to a variety of market, international and government effects.

Keywords: Farm; Management (search for similar items in EconPapers)
Pages: 22
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea05:19249

DOI: 10.22004/ag.econ.19249

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