STATISTICAL TESTS OF THE NON-REVERSIBILITY OF AGRICULTURAL SUPPLY HYPOTHESIS

Mike Woods, Luther Tweenten, Daryll E. Ray and Greg Parvin

No 278858, 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Aggregate supply equations are estimated using the Wolffram and Houck methods to segment the output price into separate independent variables for increasing and decreasing prices. Null hypotheses of equal price response coefficients for falling and rising prices could not be rejected. The same conclusion was reached using structural stability tests.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 14
Date: 1980-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea80:278858

DOI: 10.22004/ag.econ.278858

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