| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w0057 |
| 来源ID | Working Paper 0057 |
| Varying-Parameter Supply Functions and the Sources of Economic Distress in American Agriculture, 1866-1914 | |
| Thomas F. Cooley; Steven J. DeCanio | |
| 发表日期 | 1974-09-01 |
| 出版年 | 1974 |
| 语种 | 英语 |
| 摘要 | The agrarian unrest in the United States at the end of the nineteenth century is examined. This unrest is often viewed as stemming from the inability of farmers to adapt to changing conditions in world agriculture. This hypothesis is tested in the context of a distributed lag supply function. Varying parameter estimation methods are used to trace the history of the parameters in the supply function and to decompose observed prices into permanent and transitory components over time. The patterns of variation are tested for conformity with a model of rational price-expectation formation. The conclusion is that farmers behaved as economic theory would predict, but that neither theory nor practice gave them relief from the troubles which plagued them. |
| URL | https://www.nber.org/papers/w0057 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/557254 |
| 推荐引用方式 GB/T 7714 | Thomas F. Cooley,Steven J. DeCanio. Varying-Parameter Supply Functions and the Sources of Economic Distress in American Agriculture, 1866-1914. 1974. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w0057.pdf（705KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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