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| Registros recuperados: 16 | |
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| Pope, Micah; Keeney, Roman. |
| This paper analyzes the tradeoffs present between equity and efficiency in farm policy. In terms of equity, we are concerned with the implications of policies on the distribution of income. For efficiency we consider how the profitability of farms is impacted by the same government policies. Specifically of interest will be the relative contributions of direct payments, commodity payments, and conservation payments to each of these measures. Results show that relative to direct payments commodity payments are more efficient (in terms of increasing average farm profitability) but less equitable (large farmers dominate the income gains). Conservation payments are found to be both less equitable and efficient relative to direct payments. We identify... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: U.S. Farm Policy; Equity; Efficiency; Agricultural and Food Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/6064 |
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| Hertel, Thomas W.; Keeney, Roman; Valenzuela, Ernesto. |
| This paper presents a validation experiment of a global CGE trade model widely used for analysis of trade liberalization. We focus on the ability of the model to reproduce price volatility in wheat markets. The literature on model validation is reviewed with an eye towards designing an appropriate methodology for validating large scale CGE models. The validation experiment results indicate that in its current form, the GTAP-AGR model is incapable of reproducing wheat market price volatility and that trade and poverty analysis taking these prices as inputs might be wrongly influenced. We conclude that model validation is tractable and an important component of analysis, as it points to areas to consider for refining analysis. In the specific case presented... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2004 |
URL: http://purl.umn.edu/20199 |
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| Hertel, Thomas W.; Hummels, David; Ivanic, Maros; Keeney, Roman. |
| With the proliferation of Free Trade Agreements (FTAs) over the past decade, demand for quantitative analysis of their likely impacts has surged. The main quantitative tool for performing such analysis is Computable General Equilibrium (CGE) modeling. Yet these models have been widely criticized for performing poorly (Kehoe, 2002) and having weak econometric foundations (McKitrick, 1998; Jorgenson, 1984). FTA results have been shown to be particularly sensitive to the trade elasticities, with small trade elasticities generating large terms of trade effects and relatively modest efficiency gains, whereas large trade elasticities lead to the opposite result. Critics are understandably wary of results being determined largely by the authors' choice of trade... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2003 |
URL: http://purl.umn.edu/28690 |
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| Keeney, Roman; Remble, Amber A.; Ogle, Tamara M.. |
| A new typology of U.S. farms is constructed focusing on the managerial organization of farms. Single operator farms are distinguished from those with multiple operators which are divided into four classes: (single generation farms with 1) operators of the same sex, 2) operators of opposite sex, and multiple generation farms with 3) an elder primary operator, and 4) an younger primary operator). The utility of this classification scheme for understanding farm structure is analyzed and findings show that the managerial organization represents an important classification for understanding the distribution of farm payments. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Household; Government Policy; Agricultural and Food Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/56499 |
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| Remble, Amber A.; Keeney, Roman; Marshall, Maria I.. |
| This study identifies factors that influence primacy between generations in the management structure of U.S. family farms. The paper fills an important gap in the farm succession literature by exploring succession (in management of the farm) as an incremental process. Estimation with cross-sectional data from the USDAERS’ Agricultural Resource Management Survey (ARMS) and a limited dependent variable model is used to explain the decision for older generation operators to retain primary farm management duties with a junior operator serving a secondary role. We identify a number of statistically significant attributes that explain variation in the elder farmer’s role (primary versus secondary) in management of the farm. Our results suggest that transferring... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Household; Succession; Farm Management. |
| Ano: 2010 |
URL: http://purl.umn.edu/56513 |
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| Dimaranan, Betina V.; Hertel, Thomas W.; Keeney, Roman. |
| An AGE model with detailed farm supply and substitution relationships is used to analyze impacts of OECD domestic support reform on developing economy welfare. Stylized simulations indicate reforms best suited for reducing trade distortions with least impact on farm incomes. Comprehensive reforms result in welfare losses for LDCs and large declines in OECD farm incomes. Shifting from market price support to land-based payments designed to maintain farm incomes results in increased welfare for most developing countries. LDCs should focus on improved market access to OECD economies while permitting said economies to continue domestic support payments not linked to output/variable inputs. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/22000 |
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| Dimaranan, Betina V.; Hertel, Thomas W.; Keeney, Roman. |
| This paper aims to shed light on the potential interests of developing countries in reforms to domestic support for agriculture in the OECD economies. In order to accomplish this goal, we begin by reviewing the literature on the impacts of domestic support on key variables, including farm income, in the OECD economies themselves. We then proceed to revise the standard GTAP model of global trade, based on recent work at the OECD, in order to permit it to better capture these impacts. A series of stylized simulations are subsequently offered to illustrate the differential impacts of alternative types of domestic support. These suggest the possibility of policy re-instrumentation, whereby farm income is stabilized in the face of cuts to overall support levels... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Development. |
| Ano: 2003 |
URL: http://purl.umn.edu/28689 |
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| Keeney, Roman; Hertel, Thomas W.. |
| 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. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Supply response; Yield elasticity; Policy models; Agricultural and Food Policy; Production Economics; Q11; Q12; Q18. |
| Ano: 2008 |
URL: http://purl.umn.edu/45969 |
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| Registros recuperados: 16 | |
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