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DETERMINE THE KEY FACTORS OF THE AGRARIAN ECONOMIC GROWTH IN THE 21TH CENTURY IN HUNGARY AgEcon
Czarl, Adrienn.
Economic growth is the top economic and political priority of world leaders. Countries with significant rate of development are higher ranked and serve as models for the developing countries and for the economies in transition. As an EU member, Hungary needs to close up the gap also in case of the agriculture. After analysing the period 1994-2004 the major factor among supports influencing growth is investment subsidies ahead of current flow supports such as Supports to reduce the cost of agricultural production. Irrespective of the alternating periods, the gradients established in the statistical analyses and the results from the study of elasticity along the period justify one of the basic tenets of modern economics: in order to achieve the bigger...
Tipo: Journal Article Palavras-chave: Economic growth; Agriculture; Influence; Subsidy; EU; Agribusiness; Agricultural and Food Policy.
Ano: 2007 URL: http://purl.umn.edu/58901
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Competitiveness of dairy farms in three countries: the role of CAP subsidies AgEcon
Zhu, Xueqin; Demeter, Robert Milan; Oude Lansink, Alfons G.J.M..
This paper investigates the impact of CAP subsidies on the competitiveness of dairy farms in Germany, the Netherlands, and Sweden. Technical efficiency results show that coupled subsidies have negative impacts in Germany and the Netherlands, but no significant impacts in Sweden. Decoupled subsidies negatively affect technical efficiency in each country and to a larger extent than coupled subsidies. Relative productivity results indicate that Dutch technology leads to the highest output, followed by technologies in Germany and Sweden. Dutch farms can improve their competitiveness by exploring their current production potential. Besides improving efficiency, German and Swedish farms may have options to improve their production technology.
Tipo: Conference Paper or Presentation Palavras-chave: Technical efficiency; Output distance function; Dairy farm; Subsidy; Relative productivity; Agricultural and Food Policy; Livestock Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/44143
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Efficiency of a Biofuel Subsidy Policy in the Presence of Environmental Externalities AgEcon
Bayramoglu, Basak.
The object of this paper is to analyze, in a general equilibrium setting with four markets, the efficiency of a biofuel subsidy policy. The analysis takes into account environmental externalities associated both with the production and the consumption of biofuels, as well as associated with the production of agricultural raw material. Our preliminary numerical results, applied to the biodiesel subsidy policy in France, first show that this policy increases the utility of the representative consumer compared to the laissez-faire solution. The same policy action leads, however, to an increased level of agricultural and GHG emissions, in comparison with the laissez-faire solution.
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Subsidy; Environment; Environmental Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/44399
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Market Power and Output-Based Refunding of Environmental Policy Revenues AgEcon
Fischer, Carolyn.
Output-based refunding of environmental policy revenues combines a tax on emissions with a subsidy to output. With imperfect competition, subsidies can discourage output underprovision. However, when market shares are significant, endogenous refunding suffers compared to a fixed subsidy. Refunding the emissions tax according to market share reduces the incentive to abate, and marginal abatement costs will not be equalized if market shares differ. In a Cournot duopoly, endogenous refunding leads to higher output, emissions, and possibly costs compared to a fixed rebate program. These results hold whether emission rates are determined simultaneously or strategically in a two-stage model.
Tipo: Working or Discussion Paper Palavras-chave: Emissions tax; Earmarking; Tradable performance standards; Imperfect competition; Cournot; Duopoly; Refunding; Subsidy; Environmental Economics and Policy; H21; H23; Q2.
Ano: 2003 URL: http://purl.umn.edu/10893
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An Evaluation of Canadian and U.S. Policies of Log and Lumber Markets AgEcon
Devadoss, Stephen.
The recent lumber trade war between Canada and the United States deals with Canadian stumpage policies, Canada’s log export controls, and U.S. retaliatory duty. This study determines the appropriate level of U.S. countervailing duty (CVD) by employing a vertically interrelated log–lumber model. The theoretical results show that the U.S. CVD can be greater (will be less) than the Canadian subsidy for a vertically related log–lumbermarket (for lumber market only). Empirical results support the theoretical findings in that the U.S. CVD for the log–lumber market (lumber market alone) is 1.55 (0.91) times the Canadian subsidy.
Tipo: Journal Article Palavras-chave: Countervailing duty; Dispute; Log; Lumber; Subsidy; Agribusiness; Agricultural and Food Policy; International Relations/Trade; Political Economy; F13.
Ano: 2008 URL: http://purl.umn.edu/45517
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Economic Factors and Body Weight: An Empirical Analysis AgEcon
Schroeter, Christiane; Lusk, Jayson L..
With this study, we investigate the effects of changes in economic factors on body weight by constructing a utility theoretic model. The model is empirically estimated by combining data on individuals’ body weight, demographic and physical activity information, and statelevel measures pertaining to the prices of food away from home, food at home, and wages. By combining these data sources, we aim to estimate directly the weight effects of price and income changes. The empirical analysis suggests that decreasing the price of food at home could decrease body weight, a finding which has important public policy implications.
Tipo: Journal Article Palavras-chave: Body mass index; Body weight; Obesity; Subsidy; Tax; Agribusiness; Consumer/Household Economics; D11; D12; I18; H20; R22.
Ano: 2008 URL: http://purl.umn.edu/46991
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The French Biodiesel Production: An Assessment of the Impacts and Interaction Effects of Policy Instruments AgEcon
Doumax, Virginie.
Replaced with revised version of paper 07/18/10.
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; Blend mandate; Subsidy; Social costs; Agricultural and Food Policy; Resource /Energy Economics and Policy; H23; Q41; Q42; Q48.
Ano: 2010 URL: http://purl.umn.edu/61698
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A Welfare Analysis of the U.S. Ethanol Subsidy AgEcon
Du, Xiaodong; Hayes, Dermot J.; Baker, Mindy L..
Based on a transparent analytical model of multiple markets including corn, ethanol, gasoline, and transportation fuel, this study estimates the welfare changes for consumers and producers resulting from ethanol production and related support polices in 2007. The welfare estimation takes into account the second-best gain from eliminating loan deficiency payments. The results suggest the total social cost is about $0.78 billion for given market parameters. We validate the model’s underlying assumption and test for the results’ sensitivity to assumed parameters.
Tipo: Working or Discussion Paper Palavras-chave: Consumer surplus; Deadweight loss; Ethanol; Subsidy; Substitution.; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/44538
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Restrições comerciais ao complexo de soja brasileiro: estudo dos impactos dos subsídios dos Estados Unidos AgEcon
Besarria, Cassio da Nobrega; Maia, Sinezio Fernandes.
This study objective at investigating the Brazilian soybean complex in the period 1990 to 2006, using the theoretical model of Brander-Spencer (1984) and the instrument of strategies based on game theory. The methodology used to estimate the payoffs of the game between Brazil and the United States was the model of vector autoregression (VAR). The analysis of oligopoly, this paper will be based on the Cournot model. For the Cournot model firms produce homogeneous goods and each one considers a fixed level of production of its competitor. It was possible to measure and analyze, through non-cooperative games, the strategic decisions of Brazil to the choices facing the United States, highlighting the reaction function for the sector on soya. The results...
Tipo: Journal Article Palavras-chave: Trade policy; Game theory; Subsidy; International Relations/Trade.
Ano: 2010 URL: http://purl.umn.edu/95064
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Market power and subsidies in the Indonesian palm oil industry AgEcon
Chalil, Diana.
Cooking oil is known as an essential commodity in Indonesia. Having such an important role, the Indonesian government often interfered the cooking oil market to assure its price remain low. To do so, the government uses a subsidy policy as one of its instruments. A dynamic duopoly model is applied to evaluate the impact of subsidies given the structure of the industry. Estimation results suggest an evidence of both an increase in the consumer surplus but a decrease in aggregate welfare due to market power. A possible reason is proposed, but, in order to obtain a clear explanation, further research is required.
Tipo: Conference Paper or Presentation Palavras-chave: Market power; Subsidy; Indonesian palm oil industry; Agricultural Finance; Crop Production/Industries; Demand and Price Analysis.
Ano: 2008 URL: http://purl.umn.edu/6022
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MAGYARORSZÁG ÉS OROSZORSZÁG AGRÁRSTRUKTÚRÁJÁNAK VÁLTOZÁSA AZ 1990-ES ÉVEKTŐL NAPJAINKIG AgEcon
Kodenko, Jekatyerina; Baranyai, Zsolt; Takacs, Istvan.
The 1990’s have brought fundamentally changes in the political, social and economic sphere of the Central and Eastern European countries. The transition process set deep changes off on several areas of economy, so agriculture too. Based on statistical data of Hungary (HCSO) and Russia (GKS) the paper shows the changes of agricultural structure in both counties during the transition, analyses that which tendencies affected during the fifteen years after the transition. The examination deals with the main aspects of the efficiency issues, parallel with structural changes.
Tipo: Book Palavras-chave: Gazdasági rendszerváltás; Reform; Privatizáció; Támogatás; Socio-economic transition; Privatization; Subsidy; Agricultural and Food Policy; Political Economy.
Ano: 2008 URL: http://purl.umn.edu/43328
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COMPARISON OF AGRICULTURAL FARM EFFICIENCY IN SLOVAK REGIONS BEFORE AND AFTER EU ACCESSION AgEcon
Sojkova, Z.; Kropkova, Z.; Kovae, S..
This paper presents results of stochastic parametric approach used in estimation of farm technical efficiency. The estimation of output oriented technical efficiency was based on Stochastic Frontier analysis with Cobb-Douglas production function. Model specification for empirical application were employed Battese and Coelli 1995 model specification, where technical inefficiency effects are explicitly expressed as a function of a vector of firm-specific variables and random error and integrated in the stochastic frontier model. Model also included dummy variable which expressed production conditions in which Slovak farms are operating. We divided farms into two groups of production conditions: productive regions (PR) and less favorable area (LFA) regions....
Tipo: Conference Paper or Presentation Palavras-chave: Less favorable area (LFA); Subsidy; Stochastic production frontier; Panel data; Output – oriented technical efficiency; Cobb-Douglas production function; Production Economics; Research Methods/ Statistical Methods.
Ano: 2008 URL: http://purl.umn.edu/6462
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AN ECONOMIC ANALYSIS OF THE EFFECTIVENESS OF THOROUGHBRED BREEDER/OWNER INCENTIVE POLICIES AgEcon
Neibergs, J. Shannon; Thalheimer, Richard.
Thoroughbred incentive programs are subsidy policies funded from state parimutuel tax revenue designed to promote regional race horse breeding and ownership. At issue is an ongoing debate concerning the effectiveness of alternative policies. Empirical results indicate that incentive programs have a positive economic effect, but gains to Thoroughbred breeders can be obtained by reallocating tax revenue to non-restricted purses. A policy allocating tax revenue ton non-restricted purses shifts yearling demand and increases prices, while breeder subsidies shift only the supply function and therefore lower prices. Consequently, breeder revenues increase in response to a policy that favors non-restricted purses over subsidies.
Tipo: Journal Article Palavras-chave: Incentive programs; Parimutual horse racing; Subsidy; Tax; Thoroughbred; Agricultural and Food Policy.
Ano: 1999 URL: http://purl.umn.edu/15157
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Market Power in the Corn Sector: How Does It Affect the Impacts of the Ethanol Subsidy? AgEcon
Saitone, Tina L.; Sexton, Richard J.; Sexton, Steven E..
Market power is discussed in debates about subsidies for ethanol production. The structural conditions in the corn industry create a case for concerns about market power. We develop an analytical model for determining the production and price impacts and the distribution of benefits from the U.S ethanol subsidy when upstream sellers in the seed sector and downstream buyers in the processing sector may exercise market power. Results demonstrate that the impacts on prices and output are probably limited. Distribution impacts are much greater. Seed producers and corn processors with market power capture relatively large shares of subsidy benefits.
Tipo: Journal Article Palavras-chave: Corn ethanol; Market power; Oligopoly; Oilopsony; Subsidy; Agricultural and Food Policy.
Ano: 2008 URL: http://purl.umn.edu/42457
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Em busca de um novo paradigma para o seguro rural no Brasil AgEcon
Ozaki, Vitor Augusto.
The implementation of a crop insurance program is an old requirement of the agricultural sector. After the failure of the National Crop Insurance Company (CNSA), in the period of 1954 through 1966, the federal government started to stimulate the agricultural insurance market. Aiming increase the crop insurance operations the Government approved Law n. 10.823 which subsidize part of the premium paid by farmers. The nature of this work is essentially analytical, such that any quantitative model has been established. Over the years, government risk management tools, such as, Proagro and some private insurance companies have had unsatisfactory financial results suggesting that the current crop insurance model presents signals of decline. This article shows the...
Tipo: Journal Article Palavras-chave: Crop insurance; Paradigm; Subsidy; Agribusiness; Q19.
Ano: 2008 URL: http://purl.umn.edu/61274
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Investment in irrigation technology: an application of real options analysis AgEcon
McClintock, Anthea.
Investment in irrigation infrastructure and technologies, particularly those that reduce on-farm water use have become a major focus of government programs both at a State and Commonwealth level. Particular attention has been given to increasing the uptake of water “saving” technologies among irrigators. The design of programs capable of achieving government objectives at least cost requires an understanding of farm level investment decisions. In this context, the influence of uncertainty on decisions to invest in irrigation technology and infrastructure is examined. The potential for uncertainty to influence investment decisions via strategies to manage risk is demonstrated using the method of real options valuation. The approach is applied to case...
Tipo: Conference Paper or Presentation Palavras-chave: Investment; Irrigation technology; Real options; Uncertainty; Subsidy.
Ano: 2009 URL: http://purl.umn.edu/47934
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Efficiency Costs of Subsidy Rules for Crop Insurance AgEcon
Wang, H. Holly; Hanson, Steven D.; Black, J. Roy.
Participation in federal crop insurance programs has been encouraged through premium subsidies. The current subsidy depends on contract features as well as coverage levels. This type of subsidy rule causes farmers to choose contract designs and coverages that are not efficient for managing risk, in order to capture subsidy. Farmers are found to be as well off with a flat subsidy that is up to 25% less than the value of the current regressive proportional subsidy.
Tipo: Journal Article Palavras-chave: Crop insurance; Futures; Risk management; Subsidy; Risk and Uncertainty.
Ano: 2003 URL: http://purl.umn.edu/30717
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Specification and estimation of heterogeneous risk preference AgEcon
Guan, Zhengfei; Wu, Feng.
In this paper we specify and estimate producers’ risk preference using farm data. We allow heterogeneous risk preference across individuals and propose a specification to model the heterogeneity. We base farmers’ decision making on a utility maximization framework and incorporate both market and production risk in farmers’ decision making. We do not assume any specific utility function or distribution of risk. The empirical application to farm level production data shows that risk preference does vary among individuals; demographic and institutional factors have significant effect on producers’ risk attitude.
Tipo: Conference Paper or Presentation Palavras-chave: Risk Preference; Heterogeneity; Production Risk; Price Risk; Demographics; Subsidy; GMM; Agricultural Finance; Crop Production/Industries; Production Economics; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/51804
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Is the U.S. Import Tariff on Brazilian Ethanol Justifiable? AgEcon
Devadoss, Stephen; Kuffel, Martin.
The United States has used tax credits and mandates to promote ethanol production. To offset the tax credits received by imported ethanol, the United States instituted an import tariff. This study provides insights about the quantitative nature of a U.S. trade policy that would establish a free-market price for ethanol, given the U.S. ethanol mandate and tax credit. The theoretical results from a horizontally related ethanol-gasoline partial equilibrium model show that the United States should provide an import subsidy rather than impose a tariff. The empirical results quantify that this import subsidy is 9 cents, instead of a 57 cent import tariff, per gallon of ethanol.
Tipo: Journal Article Palavras-chave: Ethanol imports; Mandate; Subsidy; Tariff; Tax credit; International Relations/Trade; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/99107
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SUBSIDIES, ENDOGENOUS TECHNICAL EFFICIENCY AND THE MEASUREMENT OF PRODUCTIVITY GROWTH AgEcon
Lachaal, Lassaad.
The impacts of program subsidy on productivity growth is investigated in this study Mundlak's concept of endogeneity is applied to technical efficiency and generalized within a dual framework. Technology is described by an aggregate cost function while technical efficiency is conditional on a vector of state variables. Empirical evidence from the U.S. dairy sector supports the hypothesis that protectionism, in the form of program subsidy, is the source of considerable technical inefficiencies.
Tipo: Journal Article Palavras-chave: Dairy sector; Endogenous technical efficiency; Productivity growth; Subsidy; Productivity Analysis.
Ano: 1994 URL: http://purl.umn.edu/15432
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