A CAUTIONARY NOTE ON POLYNOMIAL DISTRIBUTED LAG FORMULATIONS OF SUPPLY RESPONSE

This paper uses the Pagano-Hartley procedure to estimate the lag length and polynomial degree for the case of a quarterly hog supply equation. The results show that the nicely humped shapes which materialize when using the Almon lag may be caused by the failure in accounting for autocorrelation in determining lag length and polynominal degree.


Issue Date:
1987-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/32471
Published in:
Western Journal of Agricultural Economics, Volume 12, Number 1
Page range:
60-64
Total Pages:
5




 Record created 2017-04-01, last modified 2017-08-25

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