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DOES CONSISTENT AGGREGATION REALLY MATTER?

C. Shumway () and George Davis

No 171924, 2000 Conference (44th), January 23-25, 2000, Sydney, Australia from Australian Agricultural and Resource Economics Society

Abstract: Consistent aggregation assures that behavioral properties which apply to disaggregate relationships also apply to aggregate relationships. The agricultural economics literature is reviewed which has tested for consistent aggregation or measured statistical bias and/or inferential errors due to aggregation. Tests for aggregation bias and errors of inference are conducted using indices previously tested for consistent aggregation. Failure to reject consistent aggregation in a partition did not entirely mitigate erroneous inference due to aggregation. However, inferential errors due to aggregation were small relative to errors due to incorrect functional form or failure to account for time series properties of data.

Keywords: Agricultural and Food Policy; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 37
Date: 2000-01
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Journal Article: Does consistent aggregation really matter? (2001) Downloads
Working Paper: DOES CONSISTENT AGGREGATION REALLY MATTER? (2000) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare00:171924

DOI: 10.22004/ag.econ.171924

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