Stochastic coefficients models can provide accurate agricultural secto forecasts and useful policy analysis Coefficient variation may occur for many reasons including aggregating over micro units, omitting variable, using an incorrect functional form, and allowing for a dynamic economic theory...

A general stochastic coefficients model developed by Swamy and Tinsley serves as a reference point for discussion in this second of a series of three articles Other well-known specifications are related to the model. The authors weigh the advantages and disadvantages of stochastic coefficients...

The Tax Reform Act of 1986 significantly changed incentives for investing. This analysis specifically examines how changes in marginal tax rates, depreciation schedules, and the investment tax credit altered the cost of capital and net investment in agriculture. A stochastic coefficients...