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dc.contributor.authorO'Neill, Stephen*
dc.contributor.authorHanrahan, Kevin*
dc.date.accessioned2014-08-01T11:01:31Z
dc.date.available2014-08-01T11:01:31Z
dc.date.issued2010
dc.identifier.citationS. O'Neill and K. Hanrahan (2010) The importance of accounting for unobserved heterogeneity, state-dependence and differences in residual variances across groups: An application to Irish Farmers land market participation decisions. RERC Working Paper Series PUT 10-WP-RE-05en_GB
dc.identifier.urihttp://hdl.handle.net/11019/694
dc.descriptionworking paperen_GB
dc.description.abstractLand is an essential input into agricultural production. A grwoing literature is concerned with the factors influencing farmers’ land market participation decisions in developing countries, with developed countries largely ignored. Current best-practise in the land market participation literature is exemplified by Holden et al. (2007) who use a dynamic model which allows for state-dependence and unobserved heterogeneity. Much of the literature fails to adequately deal with these features of land market decisions. In addition, a single model is used to represent all farm types. In this paper, we firstly consider the factors influencing land market participation decisions in a developing country, Ireland, while allowing for state-dependence, unobserved heterogeneity and differences across farm tyes. We compare these results to those that are obtained while ignoring state-dependence, unobserved heterogeneity and differences between farm types. Our results suggest that some caution may be warranted when these aspects are ignored when if fact they are present.en_GB
dc.language.isoenen_GB
dc.publisherTeagasc, Oak Park, Carlow, Irelanden_GB
dc.relation.ispartofseriesRERC Working Paper Series;10-WP-RE-05
dc.subjectLand market participationen_GB
dc.subjectIrelanden_GB
dc.subjectFarm typesen_GB
dc.titleThe importance of accounting for unobserved heterogeneity, state-dependence and differences in residual variances across groups: An application to Irish Farmers land market participation decisionsen_GB
dc.typeWorking Paperen_GB
refterms.dateFOA2018-01-12T08:09:21Z


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