Econometric Developments in Agricultural and Resource Economics: The First 100 Years
19 Pages Posted: 6 Apr 2020
Date Written: April 2010
This article reviews the major contributions of agricultural and resource economists in the area of econometrics over the past 100 years. Early on, a number of agricultural economists were in on the ground floor in terms of developing new econometric methods. Over time as the economics profession became more empirically oriented, agricultural and resource economists increasingly assumed the role of “early adopters” of new econometric methods. Even so, agricultural and resource economists continue to make useful modifications to econometric techniques in order to adapt the methods to the unique nature of the problems and applications that we study.
Keywords: econometric history, forecasting, limited dependent variables, panel data, productivity models, qualitative dependent variables, structural models, time series
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