Files
Abstract
A dynamic agricultural vector autoregression econometric model is specified and estimated for the standard supply response model using panel data. The model is estimated using twenty years of district level data for three regions in northern India where in each region there are several districts. The results indicate the importance of the dynamics in agricultural decision making as well as the simultaneity of the allocation of resources and prices of the different crops. The estimation results with respect to the different crops and regions are presented and discussed in detail in the paper.