Jones, Philip

Fleming, Euan

Hadley, David

Holloway, Garth

2009

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.

Aspects of Applied Biology, v.93, p. 235-240

0265-1491

https://hdl.handle.net/1959.11/4434

en

Association of Applied Biologists

Bayes inference about productivity in the presence of structural change

Journal Article

Publication