RATIONAL-EXPECTATIONS AND OUTPUT SUPPLY EVIDENCE FROM THE SUGAR-CANE AND COFFEE INDUSTRIES IN JAMAICA

被引：0

作者：

POLLARD, SK ^{[1
]}

GRAHAM, DH ^{[1
]}

机构：

[1] OHIO STATE UNIV,AGR ECON & RURAL SOCIOL,COLUMBUS,OH 43210

来源：

SOCIAL AND ECONOMIC STUDIES | 1992年 / 41卷 / 01期

关键词：

D O I：

暂无

中图分类号：

C [社会科学总论];

学科分类号：

03 ; 0303 ;

摘要：

This paper investigates the rationality and price responsiveness of sugar cane and coffee farmers in Jamaica for the period 1960-1980. The out put supplied by these farmers is modeled to incorporate anticipation by farmers of commodity board actions. The structure of constraints imposed by the rationality of these anticipated responses is derived and tested by means of a likelihood ratio test statistic. The results support the joint hypothesis of rationality and price responsiveness. Policy implications of the anticipated response function are also identified.

引用

页码：89 / 101

页数：13

共 6 条

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[2] AGGREGATE DEMAND, RATIONAL-EXPECTATIONS AND REAL OUTPUT - SOME NEW EVIDENCE FOR THE UK 1963.2-1982.2
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