Proceedings of the 28th West Indies Agricultural Economics Conference

Caribbean food imports often face detentions and refusals by the US resulting in a major loss of income. In this paper, we consider a classification procedure based on transvariation probabilities to correctly identify cases that lead to food detention. This is based upon several background variables on fourteen Latin American and Caribbean countries. A method for selecting variables according to their contribution towards predicting detention is given. For our particular sample, the selection method chose foreign direct investment as the variable that carried the most information in determining food detention. After removing variables that were non-informative about food detention status, a leave-one-out cross-validation shows that methods based on transvariation probabilities were superior to classical methods in predicting food detention.


Editor(s):
Badrie, Neela
Issue Date:
2010-09
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
978-976-634-010-0 (Other)
PURL Identifier:
http://purl.umn.edu/122664
Total Pages:
10
JEL Codes:
C38
Note:
Bridgetown, Barbados 6th – 10th July, 2009
Series Statement:
Proceedings of the West Indies Agricultural Economics Conference
28




 Record created 2017-04-01, last modified 2017-08-26

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