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| Davison, Cecil W.; Crowder, Bradley M.. |
| Expected prices and expected net returns from cropping activities are used to estimate soybean acreage response in the Northeast. Futures prices and lagged cash prices constitute proxies for price expectations. Expected net returns appear as good or better than expected prices for estimating acreage response. Short-run and long-run elasticities of soybean acreage with respect to expected net returns from soybeans are estimated as 0.5 and 1.6 for the northeast region. Soybean acreage appears less responsive to changes in expected net returns than to expected changes in prices. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1991 |
URL: http://purl.umn.edu/28817 |
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| Arnade, Carlos Anthony; Davison, Cecil W.. |
| Most previous estimates of elasticities of export demand for U.S. soybeans have emanated from single import equations subject to aggregation and simultaneous equation bias. This analysis tests U.S. soybean export data for aggregation and simultaneous equation bias and divides the aggregated data into six market equations to reduce these biases. Elasticity estimates from the six equations are compared with elasticity estimates from single equation OLS and 2SLS estimations using the same aggregate data. Results suggest that distortions from unjustified 2SLS estimation may exceed those from aggregation bias. |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 1989 |
URL: http://purl.umn.edu/30112 |
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