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| Hallberg, Milton C.; Herendeen, James B.. |
| The agricultural economies of Australia and the United States experienced a major boom in the 1970s and a major bust in the 1980s. This paper examines the contribution of macroeconomic policy to these phenomena in the two countries over the last twenty years. We find that the observed agricultural cycles in the two countries were in part the unintended consequences of macroeconomic policies pursued for other reasons. Agriculture in both countries is heavily dependent on export demand and is highly capital intensive. Macroeconomic policies affecting exchange rates and interest rates are thus of considerable importance to these sectors. Implications for agricultural policy are also discussed. |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 1996 |
URL: http://purl.umn.edu/12299 |
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| Lass, Daniel A.; Findeis, Jill L.; Hallberg, Milton C.. |
| The off-farm labor participation and supply decisions of Massachusetts farm families were estimated in a model which allows for joint decisions. The hypothesis of joint off-farm participation decisions by operators and spouses was rejected. However, there was some evidence that the hours supplied by the farm operator was dependent upon the decision by the spouse to work off-farm. Farm operators were found to respond to both family and farm characteristics in making participation and supply decisions. Spouses respond to the characteristics of the farm and family in participation decisions while family characteristics determined hours worked by the spouse. |
| Tipo: Journal Article |
Palavras-chave: Consumer/Household Economics. |
| Ano: 1989 |
URL: http://purl.umn.edu/28867 |
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