A Markov chain analysis of structural changes in the Texas High Plains cotton ginning industry

Extract: Markov chain analysis of changes in the number and size of cotton gin firms in West Texas was conducted assuming stationary and non-stationary transition probabilities. Projections of industry structure were made to 1999 with stationary probability assumptions and six sets of assumed condit...

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Bibliographic Details
Published inSouthern Journal of Agricultural Economics Vol. 17; no. 2; pp. 11 - 20
Main Authors Ethridge, D.E, Roy, S.K, Myers, D.W
Format Journal Article
LanguageEnglish
Published Cambridge, UK Cambridge University Press 01.12.1985
Southern Agricultural Economics Association
Subjects
ALGODON
ANALISIS ECONOMICO
ANALYSE ECONOMIQUE
COTON
cotton ginning
INDUSTRIA
INDUSTRIE
industry structure
Markov chain
MODELE
MODELOS
PROCESAMIENTO
TEXAS
TRAITEMENT
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Summary:Extract: Markov chain analysis of changes in the number and size of cotton gin firms in West Texas was conducted assuming stationary and non-stationary transition probabilities. Projections of industry structure were made to 1999 with stationary probability assumptions and six sets of assumed conditions for labor and energy costs and technological change in the non-stationary transition model. Results indicate a continued decline in number of firms, but labor, energy, and technology conditions alter the configuration of the structural changes
Bibliography:E20
8631722
istex:9292F770DC063D44FE11F5A5CCD4712C1A8C1A7D
PII:S0081305200025012
ark:/67375/6GQ-K6SGC617-C
ArticleID:02501
ISSN:0081-3052
1074-0708
0081-3052
DOI:10.1017/S0081305200025012