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| Childs, Nathan W.; Hammig, Michael D.. |
| An· econometric partial equilibrium trade model of the U.S. corn, wheat, soybean, cotton, and tobacco market is developed for the yearly periods 1968-1983. The effect of real exchange rates, real price, and demand factors on the exports of each commodity is examined to test the hypothesis that monetary factors can affect the agricultural sector. An examination of the elasticities of real price, real exchange rate, and real income indicate that an extremely inelastic response to both price movements and exchange rate adjustments. Foreign buying power is the strongest explanatory variable. An exchange rate linkage with the agricultural sector is not proven. |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 1986 |
URL: http://purl.umn.edu/117656 |
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| Boys, Kathryn A.; Willis, David B.; George, Seraphine; Hammig, Michael D.. |
| The economy of Dominica faces a unique set of challenges. As with many other Caribbean nations, Dominica has historically been dependent upon agriculture. Over the past several hundred years, the island's economy has been largely supported through the concentrated mono-cropping of a variety of export-oriented crops including coffee, limes, vanilla, and bananas (FAVACA, 2008). Today, approximately 45% of Dominica's labor force is employed in the agricultural sector (FAVACA, 2008). While neighboring countries have economically benefited from tourism, due to its lack of white sand beaches, Dominica is not a typical tourist destination. Taking advantage of its landscape, rainforests, and diversity of natural wildlife, in an effort to diversify its economy... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Contingent valuation; Willingness to pay; Caribbean; Organic; Locally grown; Food; Agricultural and Food Policy; International Development; Marketing; O13; O54; Q01; Q13; Q18. |
| Ano: 2011 |
URL: http://purl.umn.edu/103903 |
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| Bhattarai, Madhusudan; Hammig, Michael D.. |
| This paper provides a synthesis of recent literature dealing with the institutional environment, policy framework, and economic instruments used in policy analysis related to the conservation and sustainable use of biodiversity resources. The paper analyzes the economic consequences of alternative policy options and summarizes the application of these economic issues in the formulation of biodiversity protection policy. The paper also concludes that the proper understanding of underlying institutions and, if needed, institutional reforming procedures are also required to provide appropriate incentive structures for conservation and sustainable use of biodiversity resources. Illustrations of these principles and examples are taken from published accounts... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Biodiversity; Conservation; Resource management; Environmental Economics and Policy; Q2; Q3. |
| Ano: 1998 |
URL: http://purl.umn.edu/18810 |
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| Nyankori, James Cyprian Okuk; Hammig, Michael D.. |
| The forecast performances of the fixed coefficient demand model are compared with those of spline function and the Cooley-Prescott varying parameter demand models using consumption and price data for beef, pork, chicken and turkey. In general, the varying parameter models outperformed the fixed coefficient model and the spline function varying parameter model appears to be slightly superior to the Cooley-Prescott model. However, no single model was consistently superior over all the commodities in the capacity to predict either the turning points or commodity levels. Apparently, the explicit specification of structural change using spline rather than random coefficient model offers some improvement in commodity forecasting. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1983 |
URL: http://purl.umn.edu/117654 |
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| Hammig, Michael D.; Mittelhammer, Ronald C.. |
| An econometric model was specified to represent the U.S. lettuce industry. Cursory examination of the industry structure suggests that imperfect competition may prevail in the lettuce market. Therefore, relations were specified that allowed for the possibility of imperfectly competitive behavior to affect market equilibrium outcomes. Specifically, a supply price equation was specified to account for the influence of market power of large growers, particularly during seasons of geographically concentrated production. Results do not contradict the hypothesis that imperfect competition exists in the lettuce market. |
| Tipo: Journal Article |
Palavras-chave: Industrial Organization. |
| Ano: 1980 |
URL: http://purl.umn.edu/32531 |
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