Bayes inference about productivity in the presence of structural change

Author(s)
Jones, Philip
Fleming, Euan
Hadley, David
Holloway, Garth
Publication Date
2009
Abstract
This study highlights the usefulness, versatility and general dexterity of an extremely robust methodology for assessing structural change in agriculture. The methodology is the multiple change point model estimator developed by Chib (1998). Despite its appeal it has, until now, remained hitherto unexploited in agricultural economics. We modify slightly the seminal prototype in Chib (1998) to embrace a rich set of rotating panel observations on agricultural cereals enterprises as assessed previously by Hadley (2006); 'Journal of Agricultural Economics' 57:81-100. We find evidence that multiple structural change occurred throughout the consecutive sample periods 1983:1986, 1989:1997, and 2000:2002.
Citation
Aspects of Applied Biology, v.93, p. 235-240
ISSN
0265-1491
Link
Publisher
Association of Applied Biologists
Title
Bayes inference about productivity in the presence of structural change
Type of document
Journal Article
Entity Type
Publication

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