Abstract
This article explores the theoretical and empirical issues in unit root nonstationarity for multiproduct acreage response systems. A wheat/barley acreage response system for the praire provinces region of Canada is estimated and the existence of a unit root cannot be rejected empirically. It is shown that while the estimates of this system are very similar whether or not a unit root is assumed, the effects of a one-shot policy shock in the two alternative models are very different.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
