Kelvin's Home Page
I studied economics at Auckland University from 1984-1990. Came to the
UK in 1990, and worked at what used to be called Wye College (now Imperial)
teaching quantitative materials to agricultural economists. Did my PhD
(Econometrics in the Agricultural Sector) at Wye College, University of London,
between 1993 and 1996, and stayed until 2005 (through 5 Imperial years).
I started in Reading at the beginning of 2006.
My field is applied econometrics. The agricultural focus came as
result of working at Wye. The agricultural sector dominates the
publications, but there is a fair bit of non-Ag stuff as well.
Historically, my work has been more classical and time-series focused. However,
more recently I have been working on Bayesian approaches, particularly of
a choice modelling nature, including models of risk and uncertainty.
Refereed Journal Articles by Type
For access to a subset of the
publications below visit Kelvin Balcombe at IDEAS
Economics/Econometrics
- Balcombe
K. and Fraser, McSorley, E and L Williams I. Examining the Relationship
Between Visual Attention and Stated Preferences: A Discrete Choice
Experiment Using Eye-Tracking, Journal of Economic Behaviour and
Organisation, forthcoming
- Balcombe
K. and Fraser I. Do bubbles have an explosive signature in Markov
switching models? Economic Modelling, Elsevier,
vol. 66(C), pages 81-100
- Balcombe
K. and Fraser I. Parametric Preference Functionals
under Risk in the Gain Domain: A Bayesian Analysis. Journal of Risk and
Uncertainty (2015) vol. 50(2), pages 161-187.
- Rigby
D, Burton M, Balcombe K., Bateman I. and Mulatu
A. Contract Cheating & the Market in Essays. Journal of Economic Behaviour and
Organisation (2015) Volume 111, 23–37
- Breeze,
T. Potts, S. Bailey A. and Balcombe K. A Stated Preference Valuation
of UK Pollination Services. Ecological Economics (2015) Volume 111, 76-85
- Balcombe K. and Fraser I. Visual Attention and Attribute
Attendance in Multi-Attribute Choice Experiments. Journal of Applied
Econometrics (2015) 30 (3).
pp. 447-467.
- Salois M. and Balcombe K. A
Generalised Bayesian Instrumental Variable Approach under Student
t-distributed Errors with Application. Manchester School
(2015) Volume 83, Issue 5, 499-522.
- Areal, F., Tiffin, R. and Balcombe, K. Provision of
environmental output within a multi-output distance function approach.
Ecological Economics (2012) Volume 78 47-54
- Balcombe K., Burton M and Rigby D. Skew and attribute
non-attendance within the Bayesian mixed logit model. Journal of Environmental
Economics and Management (2011) 62 (3). 446-461
- Kelvin Balcombe & Iain Fraser & Abhijit Sharma.
Bayesian model averaging and identification of structural breaks in time
series. Applied Economics (2011) vol. 43(26) 3805-3818
- Balcombe K. and I Fraser. Dichotomous Choice Contingent
Valuation with ‘Dont Know’ Responses and
Misreporting. Journal of Applied Econometrics
(2009) 24, 1137-1152
- Balcombe K. Fraser I. and Chalak A. Model Selection in the
Bayesian Mixed Logit. Journal of Environmental Economics
and Management (2009) 57, 2, 226-237
- Sharma A, Balcombe K. and Fraser I. Non-renewable
resource prices: Structural breaks and long term trends. Economic Bulletin
(2009) 29(2), 821-835.
- Rigby D. Balcombe K. Burton, M. Mixed Logit
Model Performance and Distributional Assumptions: Preferences and GM
foods. Environmental and Resource Economics (2009) 3, 279-295
- Latruffe, L. Davidova. S.,
Balcombe. K. Productivity Change in Polish Agriculture: An application of
a bootstrap procedure to Mamlquist indices.
Journal
of Post-Communist Economies (2008) 20 (4) 449-460
- Latruffe L. Davidova S.
and Balcombe K. The use of bootstrapped Malmquist indices to reassess
productivity change findings: an application to a sample of Polish farms. Applied
Economics (2008) Volume 40, Issue 16, 2055-2061
- Fraser I., Balcombe K., Latruffe, L. Rahman M
and Smith L. An Application of the DEA Double Bootstrap to
Examine Sources of Efficiency in Bangladesh Rice Farming. Applied
Economics (2008) 15, 1919-1925
- Fraser, I., Balcombe K., Chalak, A. and Bailey
A. Modifying Willingness to Pay Estimates where Respondents Mis-report their Preferences. Applied Economics Letters
(2008) 15(5), 327-330
- Latruffe, L. Davidova. S.,
Balcombe K. Application of a double bootstrap to investigation of
determinants of technical efficiency of farms in Central Europe.
Journal of Productivity Analysis (2008) vol. 29(2) 183-191
- Latruffe L., Davidova S.
and Balcombe K. The use of bootstrapped Malmquist indices to reassess
productivity change findings: an application to a sample of Polish farms. Applied
Economics (2008) 40 (16) 2055– 2061
- Balcombe K., Bailey, A., Chalak, A. and Fraser, I. Bayesian
Estimation of Willingness to Pay where Respondents Mis-Report their Preferences. Oxford Bulletin of Economics
and Statistics (2007) 69, 3, 413-437
- Balcombe K. Bayesian Estimation of Cointegrating Thresholds
in the Term Structure of Interest Rates. Empirical Economics
(2006), 31, 2, 277-289
- Fraser, I., Balcombe K, P Kim. Estimating Technical
Efficiency: Does the Choice of Estimation Methodology Matter? Applied
Economics (2006) 38, 19, 2221-2236
- Bezemer, D, Balcombe K., Davis J,
and Fraser, I Livelihoods and Farm Efficiency in Rural Georgia. Applied
Economics (2005) 37: 1737-1745
- Balcombe K. Model Selection Using Genetic Algorithms and
Information Criteria. Computational Economics (2005)
25: 207-228
- Balcombe K. Bailey A. and I. Fraser. Measuring the impact
of R&D on Productivity from an Econometric Time Series
Perspective. Journal of Productivity Analysis (2005) 24, 1 49-72
- Latruffe L, Balcombe K, Davidova S,
and K Zawalinska. Determinants
of Technical Efficiency of crop and livestock farms in Poland. Applied
Economics (2004) 36 (12), 1255-1263
- Balcombe K. Retesting Symmetry and Homogeneity in a Cointegrated Demand System with Bootstrapping:
the Case of Meat Demand in Greece. Empirical Economics (2004) 29,
2, 451-462
- Balcombe K. and C McDermott. Testing for Asymmetric Price
Stickiness using Business Opinion Data: a Bootstrap Approach. Applied
Economics Letters (2003) 10, 15, 955-958
- Bailey A, Balcombe K and J Morrison. A Comparison of Proxy
Variable and Stochastic Latent Variable Approaches to the Measurement of
the Biased Technological Change in South African Agriculture. Economics
of Innovation and New Technology (2003) 12, 4, 315-324
- Balcombe K and R Tiffin. Bootstrap testing of the
expectations hypothesis with the term structure of interest rates. Applied
Economics Letters (2002) 9,563-566
- Balcombe K and R Tiffin. Fully Modified Estimation with
Cross Equation Restrictions. Economics Letters
(2002) 74, 2, 257-263
- E Oliver, A Prakash, and
K Balcombe. Does Building Roads Really Create Traffic: Some New Evidence. Applied Economics (2001)
33, 1579-1585
- Balcombe K. Seasonal unit root tests in the presence of
structural change. Oxford Bulletin of Economics and
Statistics (1999) 61, 4, 569-582
- Balcombe K. Further evidence concerning the relationship
between high and variable inflation: a more general approach. Applied
Economics Letters (1999) 6, 59-61
- Balcombe K. The Carlson-Parkin method applied to NZ price
expectations using QSBO data. Economics Letters (1996) (51)
51-57
Agricultural/Food
Economics
- Chalak, A., Abiad, A.
and Balcombe, K. (2016) Joint use of attribute importance rankings and
non-attendance data in choice experiments. European Review of Agricultural
Economics, 43 (5). pp. 737-760. ISSN 0165
- Balcombe,
K., Bradley, D., Fraser, I. and Hussein, M. (2016) Consumer preferences
regarding country of origin for multiple meat products. Food Policy, 64.
pp. 49-62. ISSN 0306-9192 doi:
10.1016/j.foodpol.2016.09.008 (In Press)
- Areal,
F., Balcombe, K. and Rapsomanikis, G. (2016) Testing for bubbles in
agriculture commodity markets. Economía Agraria y Recursos Naturales - Agricultural and Resource Economics. ISSN
1578-0732
- Balcombe
K., Fraser I, Lowe B. and Souza Monteiro D. Information Customization
and Food Choice. American Journal of Agricultural Economics.
(Online First, 2015).
- Fraser I, Bitzois M., Haddock J. and Balcombe K. Using Attribute Importance
Rankings within Discrete Choice Experiments: An Application to Valuing
Bread Attributes. Journal of Agricultural Economics
(2014) Volume: 65 Issue: 2, 446-462
- Kehlbacher, A., Balcombe, K. and Bennett, R. Stated
attribute non-attendance in successive choice experiments. Journal
of Agricultural Economics (2013) Issue 3, 693-706
- Kehlbacher, A., Bennett, R. and Balcombe, K. Measuring the
consumer benefits of improving farm animal welfare to inform welfare
labelling. Food Policy (2012) 37 Issue: 6 Pages: 627-633
- Areal F. Tiffin R, and Balcombe K. Integrating spatial
dependence into Stochastic Frontier Analysis. Australian Journal of
Agricultural and Resource Economics Volume (2012) 56 Issue: 4,
521-541
- Bennett, R. and Balcombe, K. Farmers’ willingness to pay
for a tuberculosis cattle vaccine. Journal of Agricultural Economics
(2012) 63 (2) 408-424
- Richard Tiffin & Kelvin Balcombe. The determinants of
technology adoption by UK farmers using Bayesian model averaging: the
cases of organic production and computer usage. Australian Journal of
Agricultural and Resource Economics (2011) vol. 55(4) 579-598
- Kelvin Balcombe & Iain Fraser. A general treatment of
‘don't know’ responses from choice experiments. European Review of
Agricultural Economics (2011) vol. 38(2) 171-191
- Fraser I, Balcombe K. and Di Falco S. A Choice Experiment
Examining the Relationship between Food Labels and Price. Food
Policy (2010), vol. 35(3) 211-220
- Balcombe K. and G Rapsomanikis, An Analysis of the Impact
of R&D on Productivity using Bayesian Model Averaging with a
Reversible Jump Algorithm. American Journal of Agricultural
Economics (2010) 92(4): 1–14
- Ali Chalak, Kelvin Balcombe, Alastair Bailey and Iain
Fraser. Pesticides, Preference Heterogeneity and Environmental Taxes. Journal
of Agricultural Economics (2008) Vol. 59, No. 3, 537–554
- Balcombe K. and Rapsomanikis G. Bayesian Estimation and
Selection of Non‐Linear Vector Error Correction Models: The Case of
the Sugar‐Ethanol‐Oil Nexus in Brazil. American Journal of
Agricultural Economics (2008) 90 (2) 658-668
- Balcombe K., Bailey A., and Brooks J. Threshold Effects in
Price Transmission: The Case of Brazilian Wheat, Maize and Soya Prices. American
Journal of Agricultural Economics (2007) 89 (2) 308-323
- Balcombe K., Doucouliagos H.
and Fraser I. Input usage, output mix and industry
deregulation: an analysis of the Australian dairy manufacturing industry. Australian
Journal of Agricultural and Resource Economics (2007) 51, 137-156
- Gocht A. and Balcombe K.
Ranking Efficiency Units in DEA Bootstrapping, Agricultural Economics
(2006) 35, 2, 223-229
- Rahman, M. M, Kelvin Balcombe and Laurence Smith.
Application of the Frontier Approaches to Model the Efficiency of Rice
Producers in Bangladesh. Journal of Agriculture and Food
Economics (2006), Vol. 1, No. 2
- Rahman, M., Balcombe K. and Smith L. A Non-parametric
Approach to Model the Technical, Allocative, Cost and Scale Efficiency of
Rice Producers in Bangladesh. The Journal of Agricultural
and Food Economics (2006) 1, 1, 27-48
- Tiffin R and Balcombe K. Testing Symmetry and Homogeneity
in the AIDS, using Fully Modified Estimation and the Bootstrap. Journal
of Agricultural Economics (2005) 56, 2, 253-272
- Latruffe L, K Balcombe, S Davidova,
K Zawalinska. Technical and Scale
efficiency of Crop and Livestock Farms in Poland. Does
Specialisation Matter? Agricultural Economics (2005)
32, 3, 281-296
- Bailey A, Xavier Irz and
K Balcombe. An Application of the Stochastic Latent Variable Approach to
the Correction of Sector level TFP Calculations in the Face of Biased
Technological Change. Agricultural Economics (2004)
31, 3 285-295.
- Bailey A, Balcombe K, Jenkins L and C.
Thirtle, M.E. Estimation of Input and Output Biases of
Technical Change in UK Agriculture, 1953 to 2000, Journal
of Agricultural Economics (2004) 2, 55, 385-400
- Balcombe K, G. Rapsomanikis, G. and S. Klonaris,. An Entropy
approach to the estimation of the Almost Ideal Demand System. Journal
of Agricultural Economics (2003) 3, (54) 447-446
- J Morrison, Balcombe K, Bailey A, Klonaris S and G
Rapsomanikis. Examining changes in tastes in food consumption
in Greece, using an unobserved component approach. Agricultural Economics
(2003) 28/2 139-150
- Balcombe K, A Bailey and J Morrison. Stochastic Biases in
Disembodied Technical Change within the US: a bootstrapping approach. Canadian
Journal of Agricultural Economics (2002) 1, March 50, 67-83
- Balcombe K and A Prakash. Estimating the
Long-Run Supply and Demand for Agricultural Labour in the UK. European
Review of Agricultural Economics (2000) 27, 2, 153-166
- Bailey A, Balcombe K., Morrison J, Rapsomanikis G and C
Thirtle. Stochastic Biases in Disembodied Technical Change within South
African Agriculture. Agrekon
(2000) 39, 4, 22-44
- Balcombe K, Davidova S
and J Morrison. Consumer Behaviour in a Country in Transition with a
Strongly Contracting Economy: The Case of Food Consumption in Bulgaria.
Journal of Agricultural Economics (1999) 50, 36-47
- Balcombe K and J. Davis. The application of cointegration theory in the estimation of the
Almost Ideal demand system for food consumption in Bulgaria. Agricultural
Economics (1996) 15, 47-60
Development
- Salois, M. J., Tiffin, R. and
Balcombe, K. G. Impact of income on nutrient intakes: implications for undernourishment
and obesity. Journal of Development Studies (2012) 48 (12) 1716-1730
- Fraser, I, Balcombe, K., Rahman, M. and Smith, L. Examining
the technical efficiency of rice producers in Bangladesh. Journal
of International Development (2007) 19, Issue 1, 1-16
- Morrison J and K Balcombe. Bootstrapping Policy Analysis
Matrices: Beyond Simple Sensitivity Analysis. Journal of International
Development (2002) 14, 459-471
- Balcombe K and L Smith. Refining the Use of
Monte Carlo Techniques for Risk Analysis in Project Planning. Journal
of Development Studies (1999) 36, 2, 112-134
Other
Journal Types
- Breeze, T. D., Bailey, A. P., Balcombe, K. G. and Potts, S.
G. Costing conservation: an expert appraisal of the pollinator habitat
benefits of England's entry level stewardship. Biodiversity and
Conservation (2014) 23 (5) 1193-1214
- Bennett, R., Kehlbacher, A. and Balcombe, K. A method
for the economic valuation of animal welfare benefits using a single
welfare score. Animal Welfare (2012) 21 (S1) 125-130
- Breeze, T. D., Bailey, A. P., Balcombe, K. G. and Potts, S.
G. Pollination services in the UK: how important are honeybees? Agriculture,
Ecosystems and Environment (2011) 142 (3-4) 137-143
- K. Balcombe, I Fraser and L. Harris. Consumer Willingness
to Pay for In-Flight Service and Comfort Levels: A Choice Experiment. Journal
of Air Transport Management (2009) 15, 5, 221-226
- Areal, F., Tiffin, R. and Balcombe, K. (2012) Farm
technical efficiency under a tradable milk-quota system. Journal
of Dairy Science Volume (2012) 95 Issue: 1, 50-62
Book Chapters and Other Publications (Excluding
Working Papers or Reports)
1.
Buckwell, A.E., Davis, J.R., Balcombe, K and S. Davidova (1994) Food Consumption During
Economic Transformation. In: Privatization
of Agriculture in New Market Economies: Lessons from Bulgaria, Klewer Academic
Publishers, The Netherlands
2.
Balcombe K. and L Smith (2002) "Refining the Use of Monte Carlo
Techniques for Risk Analysis in Project Planning": In: Cost Benefit Analysis: The International
Library of Critical Writings in Economics. Eds: A C Harberger and G P. Jenkins. Reprinted From: Journal of Development Studies
3.
Gurkan, A. Balcombe K., and A. Prakash (2003), Food
import bills: experiences, factors underpinning changes and policy implications
for food security of least developed and net food-importing developing
countries. FAO Commodity Market Review
2003-2004 19-38
4.
Jonathan Brooks, Olga Melyukhina, Alastair
Bailey and Kelvin Balcombe. (2006) Estimating the Pass-Through of Agricultural
Policy Reforms: an Application to Brazilian Commodity Markets. Proceedings from
FAO Workshop April 4 and 5, 2006: Governance, Coordination, and Distribution
along Commodity Value Chains
5.
Balcombe K. (2009) The Nature and Determinants
of Volatility in Agricultural Prices: An Empirical Study from 1962-2008.
Proceedings from FAO Workshop. November, 2009