The paper considers the use of directed acyclic graphs (DAGs), and their construction from observational data with PC-algorithm TETRAD II, in providing over-identifying restrictions on the innovations from a vector autoregression. Results from Sims’ 1986 model of the US economy are replicated...

The paper considers the use of directed acyclic graphs (DAGs), and their construction from observational data with PC-algorithm TETRAD II, in providing over-identifying restrictions on the innovations from a vector autoregression. Results from Sims’ 1986 model of the US economy are replicated...

Previous studies on post-reform market performance of Chinese grain markets have produced mixed results. This paper employs province-level price data to determine if China's food market liberalization policies in the 1990s resulted in interregional rice market integration. Furthermore, this...

Existing empirical evidence on the impact of macroeconomic variables on agriculture remains mixed and inconclusive. This paper re-examines the dynamic relationship between monetary policy variables and agricultural prices using alternative vector autoregression (VAR) type model specifications....

The economic benefits from improving health status are obvious, yet there remains a lack of agreement on how to quantify and compare the benefits and the accompanied costs. In our study, we extend Liu et al. (2008)’s study on the role of health status on income in China and examine whether...

Very little research exists on the potential impact of political and institutional instability on agricultural trade. This paper evaluates the effects of political instability on U.S. agricultural exports. Relative to effects of potential instability measures, we found that the economic...