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.

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Year of publication:	1987
Authors:	Azzam, Azzeddine M. ; Yanagida, John F.
Published in:	Western Journal of Agricultural Economics. - Western Agricultural Economics Association - WAEA. - Vol. 12.1987, 01
Publisher:	Western Agricultural Economics Association - WAEA
Subject:	Livestock Production/Industries \| Research Methods/ Statistical Methods

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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