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Registros recuperados: 5
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CAUSALITY AMONG FED CATTLE MARKET VARIABLES: DIRECTED ACYCLIC GRAPHS ANALYSIS OF CAPTIVE SUPPLY AgEcon
Lee, Andrew C.; Kim, Man-Keun.
In quantitative research, direction of causality among the variables is often assumed without a rigorous test. In this study, the directed acyclic graph (DAG) method was used to illuminate causal relationships among fed cattle industry variables, in particular, it was shown that captive supply causes spot market price to change.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2004 URL: http://purl.umn.edu/20124
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REGIONAL COST SHARE NECESSARY FOR RANCHER PARTICIPATION IN BRUSH CONTROL AgEcon
Lee, Andrew C.; Conner, J. Richard; Mjelde, James W.; Richardson, James W.; Stuth, Jerry W..
Large-scale brush-control programs are being proposed in Texas to increase off-site water yields. Biophysical and economic simulation models are combined to estimate the effects of brush control on representative ranches in four ecological regions of the Edwards Plateau area of Texas. Net present values of representative ranches in three of four regions decrease with brush control. Cost shares necessary for ranches from the three regions to break even range from 7% to 31% of total brush-control costs. Any large-scale brush-control program will therefore require a substantial investment by the state of Texas.
Tipo: Journal Article Palavras-chave: Agribusiness.
Ano: 2001 URL: http://purl.umn.edu/31036
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Valuation of human deaths and illnesses resulting from pesticide uses in the United States AgEcon
Kim, Jin; Lee, Andrew C..
The objective of this study is to measure the costs associated with the unintentional human deaths and acute illnesses resulting from pesticide uses. This study also estimated comparative health costs among alternative pesticides that can be used for a certain crop. The annual total cost of human deaths and illnesses resulting from pesticide uses in the United States is estimated at $38.83 million. The average health cost per 1,000 pounds use ranges from $.40 for 2,4,D to $23,128 for diquat.
Tipo: Conference Paper or Presentation Palavras-chave: Health Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/21172
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FED CATTLE PRICE DISCOVERY: DIRECTED ACYCLIC GRAPH AND TIME SERIES MODELING AgEcon
Lee, Andrew C.; Kim, Man-Keun.
Locating fed cattle price discovery center is revisited using the framework that combines recent progress in causal research with time series analysis. The Bernanke factorization in innovation accounting is obtained by a graphical method called directed acyclic graph which uses data to identify the contemporaneous causal structure among the innovations. This may represent an improvement over the conventional methods which use human judgment and/or theory to supply such information. Results indicate that Kansas market is a dominant price leader where new information is discovered. Contrary to the previous studies, Nebraska market does not appear to be a price discovery location.
Tipo: Conference Paper or Presentation Palavras-chave: Fed cattle; Price discovery; Directed acyclic graph; Causality; Demand and Price Analysis.
Ano: 2007 URL: http://purl.umn.edu/9989
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Time Varying Coefficient: An Application of Flexible Least Squares to Cattle Captive Supply AgEcon
Kim, Man-Keun; Lee, Andrew C..
Although conventional linear regression techniques assume time constancy of parameters time varying coefficient or the problem of structural instability in econometric relationships has been recognized by econometricians. In this study, time varying impact of captive supply on fed cattle cash market price is investigated via flexible least squares approach. Time path of flexible least squares coefficient estimate indicates an approximately four fold increase in price impact of captive supply over the sample period, but even this multiplied price impact is small compared to the effect of boxed beef price which shows negligible time variation. The time path also aids in identification of structural breaks in the price impact of captive supply.
Tipo: Conference Paper or Presentation Palavras-chave: Time varying coefficient; Flexible least squares; Structural break; Captive supply; Research Methods/ Statistical Methods.
Ano: 2005 URL: http://purl.umn.edu/19124
Registros recuperados: 5
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