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| Registros recuperados: 48 | |
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| Andersen, Matthew A.; Alston, Julian M.; Pardey, Philip G.. |
| This is a substantially revised version of “Capital Use Intensity and Productivity Biases.” Andersen, Matt A.; Alston, Julian M.; Pardey, Philip G., St. Paul, MN: University of Minnesota, Department of Applied Economics; University of Minnesota, International Science and Technology Practice and Policy (InSTePP), 2007. (Staff paper P07-06; InSTePP paper 07-02) |
| Tipo: Working or Discussion Paper |
Palavras-chave: U.S. agriculture; Pro-cyclical productivity; Capital utilization; Primal productivity bias; Productivity Analysis; D24; C51; Q1; O4; O47. |
| Ano: 2010 |
URL: http://purl.umn.edu/93143 |
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| Lin, Ni; Shumway, C. Richard. |
| The sensitivity of asset fixity conclusions, input adjustment rates, and elasticities to choice of functional form is examined using a dynamic dual model of U.S. agriculture. A very general initial specification allows tests of instantaneous adjustment to be performed for every input. Test results are mixed across functional forms for all inputs except real estate, which is consistently found to be quasi-fixed. Important differences in estimated adjustment rates and elasticities are also found among the functional forms. The translog has higher likelihood support than either the generalized Leontief or normalized quadratic functional forms for this dynamic model specification and data set. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance; Research Methods/ Statistical Methods; Q11; C51. |
| Ano: 2000 |
URL: http://purl.umn.edu/12967 |
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| Brown, Mark G.. |
| An extension of the Rotterdam model is developed that makes the model’s income flexibility and marginal propensities to consume varying coefficients. Frisch’s duality relationships that the second partial derivatives of demand with respect to income and prices are independent of the order of differentiation are imposed with the marginal propensities to consume specified as functions of income and price, and the Slutsky coefficients specified as functions of income only. A uniform substitute specification is used to analyze the conditional demands for a group of beverages. |
| Tipo: Journal Article |
Palavras-chave: Demand; Rotterdam model; Varying parameters; Agribusiness; Agricultural Finance; Production Economics; C51; D12; Q11. |
| Ano: 2008 |
URL: http://purl.umn.edu/47201 |
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| Margarian, Anne. |
| The present paper asks under what circumstances a standardisation of evaluations would be feasible in order to enable a comprehensible aggregation of results for the European administration. We argue that in the complex environment of rural development the adequate definition of system boundaries is a precondition for the successful application of empirical methods and the identification of causal effects. If macro effects and self-enforcing effects are important, the objects of inquiry have to be defined on a higher observational level. In this case, the statistical identification may not be possible because there might be hardly any comparable (“counterfactual”) observations. We conclude that evaluators need definite theoretical guidance in order to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Evaluation; Complex systems; Causal inference; Counterfactual approach; Community/Rural/Urban Development; O22; Q18; R58; C51. |
| Ano: 2010 |
URL: http://purl.umn.edu/95320 |
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| Wilfling, Bernd. |
| Recent theory on exchange rate dynamics suggests that the mere announcement of regime switching from floating to fixed rates at a given future date triggers a reduction in exchange rate volatility during the interim period. Using a Markov-switching GARCH model this paper estimates the volatility processes of four EMU exchange rate returns vis-à-vis the German mark using daily data for the time prior to Stage III of EMU. Statistical inference yields the dates at which financial markets began to incorporate the expected EMU participation of each country into currency pricing. The data exhibits strong econometric evidence for two distinct views concerning the ultimate EMU membership: (1) Finland and France were considered irrefutable EMU members long before... |
| Tipo: Working or Discussion Paper |
Palavras-chave: EMU; Exchange rate policy; Volatility; Regime-switching GARCH models; Financial Economics; F31; F33; C51. |
| Ano: 2001 |
URL: http://purl.umn.edu/26136 |
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| Banzhaf, H. Spencer. |
| This paper illustrates how public goods may be incorporated into a cost-of-living index. When public goods are weak complements to a market good, quality-adjusted prices for the market good capture all the welfare information required. They are also consistent with a Laspeyres index that maintains the bound on a true cost-of-living index. The paper recovers this information from a discrete-choice model, using a simulation routine to solve for the appropriate price adjustments. These concepts are applied to the case of housing, education, crime, and air quality in Los Angeles for 1989 to 1994. Over a period of time when they are improving, incorporating pubic goods into the index lowers the estimated change in the cost of living by 0.5 to 2.6 percentage... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Air quality; Discrete choice models; Green accounting; Nonmarket valuation; Price index; Public Economics; C51; D12; D60; E31; H40; R10. |
| Ano: 2002 |
URL: http://purl.umn.edu/10833 |
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| Ciaian, Pavel; Kancs, d'Artis. |
| The present paper examines a long-run relationship between the energy, bioenergy and food prices. In the recent years the bioenergy production has increased significantly around the world. The increase has been driven by rising energy prices as well as by environmental policies aiming at reducing the harmful effects of conventional sources of energy, such as climate change. Bioenergy, in turn, affects agricultural markets, because it uses agricultural commodities as inputs. The theoretical model we develop predicts that, because of price inelastic food demand, the agricultural price increase may be substantial. The empirical findings confirm the theoretical hypothesis that energy prices do affect prices of agricultural commodities. However, the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Energy; Bioenergy; Crude oil; Renewable fuel; Cointegration; Agricultural and Food Policy; Demand and Price Analysis; International Development; Resource /Energy Economics and Policy; C14; C22; C51; Q11; Q13; Q42. |
| Ano: 2010 |
URL: http://purl.umn.edu/61009 |
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| Kristofersson, Dadi; Rickertsen, Kyrre. |
| The paper is concerned with efficient estimation of characteristics demand. We derive and estimate an inverse input demand system for quality characteristics by using 172,946 observations over 881 trading days in the Icelandic fish auctions. An improved estimation method based on an expanded random coefficient model is suggested as an alternative to the currently used two-stage method of Brown and Rosen (1982). The estimates demonstrate the improved efficiency of the suggested method. A number of empirical results emerge, including a general increase in the demand for quality. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis; C51; Q22.. |
| Ano: 2003 |
URL: http://purl.umn.edu/21926 |
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| Registros recuperados: 48 | |
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