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| Registros recuperados: 75 | |
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| Wang, Kai-Li; Barrett, Christopher B.. |
| This paper takes a new empirical look at the longstanding question of the effect of exchange rate volatility on international trade flows by studying the case of Taiwan's exports to the United States from 1989-1998. In particular, we employ sectoral level, monthly data and a multivariate GARCH-M estimator with corrections for leptokurtic errors that is consistent with the core hypothesis that traders' forward contracting behavior might be affected by exchange rate risk. We find that real exchange rate risk has insignificant effects in most sectors, although agricultural trade volumes appear highly responsive to real exchange rate volatility. These results differ significantly from those obtained using more conventional and restrictive modeling... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade; F1; F3. |
| Ano: 2002 |
URL: http://purl.umn.edu/14751 |
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| Barrett, Christopher B.; Brown, Douglas R.. |
| Persistent poverty is one of the core challenges faced by Christians and by development scholars and practitioners alike. There is no question that Jesus was concerned about the poor - both materially and spiritually. From his first public address in the Synagogue in Nazareth, His home town, where He concluded by saying that He had come to "preach good news to the poor" (Luke 4:18), Jesus lived the gospel in word and deed. We, as Christian men and women, whether researchers or practitioners, are called to do no less. When Jesus made His parting remarks to His disciples, He said (John 20:21) "As the Father has sent me, I am sending you." emphasizing that we are to do likewise. This concern permeates the Old and New Testament, another example being the words... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Community/Rural/Urban Development; O1; Q12; Q18. |
| Ano: 2002 |
URL: http://purl.umn.edu/14738 |
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| Bellemare, Marc F.; Barrett, Christopher B.. |
| Reverse tenancy, wherein poorer landlords rent out land to richer tenants on shares, is a common phenomenon. Yet, it does not fit existing theoretical models of sharecropping and has never before been modeled in the development microeconomics literature. We explain reverse tenancy contracts using an asset risk model that incorporates moral hazard. When choosing the terms of an agrarian contract, the landlord considers the impact of her choice on the probability that she will retain future rights to the rented land. Thus, this model captures the effect of tenure insecurity and property rights on agrarian contracts. The main testable implication of the theoretical model is that, as property rights become more secure, reverse tenancy tends to disappear. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2003 |
URL: http://purl.umn.edu/22132 |
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| Bellemare, Marc F.; Barrett, Christopher B.. |
| Do rural households in developing countries make market participation and volume decisions simultaneously or sequentially? This article develops a two-stage econometric model that allows testing between these two competing hypotheses regarding household-level market behavior. The first stage models the household's choice of whether to be a net buyer, autarkic, or a net seller in the market. The second stage models the quantity bought (sold) for net buyers (sellers) based on observable household characteristics. Using household data from Kenya and Ethiopia on livestock markets, we find evidence in favor of sequential decision-making, the welfare implications of which we discuss. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Industrial Organization. |
| Ano: 2005 |
URL: http://purl.umn.edu/14748 |
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| Barrett, Christopher B.; Bailey, DeeVon. |
| We examine the determinants of agricultural experiment station faculty salaries and find that productivity pays-as manifest by grantsmanship, publications, and the elicitation of competing offers-with no residual evidence of a negative seniority-salary relationship that could signal university monopsony power. This contrasts with findings in the previous literature on faculty salaries. Moreover, national market salary benchmarks, which may proxy for imperfectly observable productivity, correlate almost one-for-one with individual faculty salaries, with individual deviations from peers' salaries proving essentially random. This evidence is much more consistent with the hypothesis that experiment station faculty salaries are determined in a competitive... |
| Tipo: Journal Article |
Palavras-chave: Teaching/Communication/Extension/Profession. |
| Ano: 1999 |
URL: http://purl.umn.edu/31500 |
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| Barrett, Christopher B.; Reardon, Thomas. |
| This paper starts from the premise that diversification of assets, activities, and incomes is important to African rural households, in that diversification into nonfarm income constitutes on average about 45 percent of incomes, and the push and pull factors driving that diversification are bound to persist. From that premise, we noted that the empirical study of diversification has been beset by practical problems and issues relating to (1) definitions and concepts, (2) data collection, and to (3) measurement of the nature and extent of diversification. The paper addressed each of those problems. Two points are of special interest to the overall conceptualization of diversification research. The first is that empirical studies have exhibited a wide... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; O; Q12. |
| Ano: 2000 |
URL: http://purl.umn.edu/14734 |
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| Lybbert, Travis J.; Barrett, Christopher B.; McPeak, John G.; Luseno, Winnie K.. |
| Temporal climate risk weighs heavily on many of the world's poor. Recent advances in model-based climate forecasting have expanded the range, timeliness and accuracy of forecasts available to decision-makers whose welfare depends on stochastic climate outcomes. There has consequently been considerable recent investment in improved climate forecasting for the developing world. Yet, in cultures that have long used indigenous climate forecasting methods, forecasts generated and disseminated by outsiders using unfamiliar methods may not readily gain the acceptance necessary to induce behavioral change. The value of model-based climate forecasts depends critically on the premise that forecast recipients actually use external forecast information to update... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; O1; D1; Q12. |
| Ano: 2003 |
URL: http://purl.umn.edu/14762 |
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| Barrett, Christopher B.; Moser, Christine M.. |
| In assessing the productivity gains of a new technology, it is often difficult to determine the extent to which observed output gains are due to the technology itself, rather than to the skill of the farmer or the quality of the plot on which the new technology is tried. This problem of attribution is especially important when technologies are not embodied in purchased inputs such as seed or machinery but result instead from changed farmer cultivation practices. Using data based on observations of farmers in Madagascar who simultaneously practice both a newly introduced and traditional rice production methods, we introduce a method for properly attributing observed productivity and risk changes among new production methods, farmers and plots by... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Productivity Analysis. |
| Ano: 2003 |
URL: http://purl.umn.edu/22251 |
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| Stevens, Thomas H.; Barrett, Christopher B.; Willis, Cleve E.. |
| Three conjoint models-a traditional ratings model, a ratings difference specification, and a binary response model-were used to value groundwater protection program alternatives. The last, which is virtually identical to a dichotomous choice contingent valuation specification, produced the smallest value estimates. This suggests that the conjoint model is very sensitive to model specifications and that traditional conjoint models may overestimate economic value because many respondents are not in the market for the commodity being valued. |
| Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1997 |
URL: http://purl.umn.edu/31562 |
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| Barrett, Christopher B.; Luseno, Winnie K.. |
| This paper introduces a simple method of price risk decomposition that determines the extent to which producer price risk is attributable to volatile inter-market margins, intra-day variation, intra-week (day of week) variation, or terminal market price variability. We apply the method to livestock markets in northern Kenya, a setting of dramatic price volatility where price stabilization is a live policy issue. In this particular application, we find that large, variable inter-market basis is the most important factor in explaining producer price risk in animals typically traded between markets. Local market conditions explain most price risk in other markets, in which traded animals rarely exit the region. Variability in terminal market prices accounts... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis; O1; Q13; Q18. |
| Ano: 2002 |
URL: http://purl.umn.edu/14753 |
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| Barrett, Christopher B.; Luseno, Winnie K.. |
| This paper introduces a simple method of price risk decomposition that determines the extent to which producer price risk is attributable to volatile inter-market margins, intra-day variation, intra-week (day of week) variation, or seasonality. We apply the method to livestock markets in northern Kenya, a setting of dramatic price volatility where price stabilization is a live policy issue. Large, variable inter-market basis is the single most important factor in explaining producer price risk in animals typically traded between markets. Local market conditions explain most price risk in other markets, in which traded animals rarely exit the region. Seasonality accounts for relatively little price risk faced by pastoralists in the dry lands of northern... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Livestock Production/Industries; Risk and Uncertainty. |
| Ano: 2001 |
URL: http://purl.umn.edu/36154 |
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| Registros recuperados: 75 | |
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