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| LeBlanc, Michael. |
| This report is an empirical inquiry into how poverty is changed by the macroeconomy. The analysis suggests low real wage rates and not the unemployment rate are the most important determinant of poverty in the long run. Changes in output and unemployment primarily affect cyclical or shortun poverty. The empirical results weaken the belief that output growth acting alone will significantly and permanently reduce poverty in the United States. Instead, the results suggest combining economic growth strategies with targeted interventions that may lie outside the traditional sphere of monetary and fiscal policy. |
| Tipo: Report |
Palavras-chave: Poverty; Unemployment; Wages; Economic growth; Food Security and Poverty; Labor and Human Capital. |
| Ano: 2001 |
URL: http://purl.umn.edu/33584 |
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| Gundersen, Craig; LeBlanc, Michael; Kuhn, Betsey A.. |
| The Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA) dramatically transformed and continues to transform the food assistance landscape in the United States. The Act cut more funds from the Food Stamp Program than it did from any other program, through reductions in benefits per person and restrictions in eligibility. Despite these cuts, food stamps now have a more prominent role in the post-welfare reform social safety net because the largest cash-assistance entitlement program, Aid to Families with Dependent Children (AFDC), was replaced with the Temporary Assistance to Needy Families (TANF) program, a nonentitlement program. This leaves the Food Stamp Program as one of the only remaining entitlement programs available to... |
| Tipo: Report |
Palavras-chave: Food stamps; Transfer payments; Food consumption; Nutrition; Food Consumption/Nutrition/Food Safety; Food Security and Poverty. |
| Ano: 1999 |
URL: http://purl.umn.edu/33993 |
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| LeBlanc, Michael; Hrubovcak, James; Durst, Ron L.; Conway, Roger K.. |
| The Tax Reform Act of 1986 significantly changed incentives for investing. This analysis specifically examines how changes in marginal tax rates, depreciation schedules, and the investment tax credit altered the cost of capital and net investment in agriculture. A stochastic coefficients econometric methodology is used to estimate an investment function which is then used to simulate the effects of tax reform. Estimates indicated that relative to prior law, the Tax Reform Act will reduce the capital stock of farm machinery and equipment by nearly $4 billion. |
| Tipo: Journal Article |
Palavras-chave: Agricultural Finance; Farm Management. |
| Ano: 1992 |
URL: http://purl.umn.edu/30743 |
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| LeBlanc, Michael; Yanagida, John F.; Conway, Roger K.. |
| Implications of real cash balances as a productive input in agricultural production are explored. A system of aggregate input demand functions for agriculture including real cash balances is formulated and estimated, assuming that producers minimize input costs for a given output level. Empirical results suggest real cash balances are an important contributor to agricultural production. Their exclusion from production studies may lead to serious specification biases. Tests herein indicate that the demand for cash balances is relatively inelastic with respect to changes in the user cost of money and that real cash balances are a substitute for machinery and capital. |
| Tipo: Journal Article |
Palavras-chave: Agricultural Finance; Demand and Price Analysis. |
| Ano: 1987 |
URL: http://purl.umn.edu/32478 |
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| LeBlanc, Michael; Lutton, Thomas. |
| A dynamic system of cost-share equations for agricultural inputs is used to test for the presence of input disequilibrium. This dynamic system incorporates a disequilibrium adjustment process into input-share equations derived from a translog cost function. The disequilibrium process is represented as a generalized partial adjustment model where disequilibrium in one input may affect other inputs. Results from this analysis suggest applications of translog share systems to agriculture under static equilibrium assumptions are inappropriate. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis; Research Methods/ Statistical Methods. |
| Ano: 1984 |
URL: http://purl.umn.edu/32382 |
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