| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
YIELD RESPONSE TO PRICES: IMPLICATIONS FOR POLICY MODELING
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| Autores: |
Keeney, Roman
Hertel, Thomas W.
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| Data: |
2008-12-22
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| Ano: |
2008
|
| Palavras-chave: |
Supply response
Yield elasticity
Policy models
Agricultural and Food Policy
Production Economics
Q11
Q12
Q18
|
| Resumo: |
We examine the determinants of own-price output supply response in policy models, focusing primarily on the OECD-PEM equilibrium displacement model. Reviewing expert assessments and econometric literature estimates we find that there is evidence to both support and challenge the relatively high supply response of a model like the OECD-PEM. We also consider possible avenues of reconciliation between evidence that supports and challenges the assumed supply response in the OECD-PEM model. Our analysis of supply response in the OECD-PEM case and from reviewing literature leads us to recommend that future econometric investigation be focused on the role of farm household owned resource mobility as it contributes to agricultural supply response.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/45969
|
| Relação: |
Purdue University>Department of Agricultural Economics>Working Papers
Working Paper
08-13
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| Formato: |
37 pages
|
