PRICE EXPECTATIONS FORMATION AND REVISION IN THE NERLOVIAN FRAMEWORK WITH APPLICATION TO NIGERIAN FARMERS
研究了如何将适应性价格预期系数内生化,利用尼日利亚1956-1987年花生种植面积数据,作为变参数假设的扩展进行模型估计。
This paper examines the possibility of endogenising the adaptive price expectations coefficient. The basic structural model, tested with data on area planted to Groundnuts in Nigeria from 1956 to 1987, is formulated and estimated as an extension of the variational parameter hypothesis.