The Structure of Agricultural Investment: Comparing a Flexible Accelerator with Stochastic Coefficients

Two approaches, a flexible accelerator model and a stochastic coefficients alternative, are used to estimate the structure of aggregate agricultural investment. Structural estimates of the adjustment rates for each model are similar. The stochastic coefficients model, however, performs better in an out-of-sample forecast.


Issue Date:
1985-12
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/157016
Total Pages:
28
Series Statement:
Technical Bulletin
1715




 Record created 2017-04-01, last modified 2017-08-27

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