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.

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Year of publication:	1985-12
Authors:	Conway, Roger ; Hrubovcak, James ; LeBlanc, Michael
Institutions:	Economic Research Service, Department of Agriculture
Subject:	Investment \| flexible accelerator \| stochastic coefficients \| adjustment coefficient \| Agricultural Finance \| Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	Technical Bulletins.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Economic Research Service>Technical Bulletins Number 157016
Source:	RePEc - Research Papers in Economics

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