This study examines the effects of the changing fiscal role of the federal government with respect to providing financial support for low-income households and the taxation of returns from capital. Specifically, the effects of reducing transfers to low income families by US$10 billion and...

In this paper, we develop atheoretically consistent framework to incorporate theenvironmental effects of agricultural production andthe depletion of natural capital caused byagricultural production into the existing incomeaccounts. We apply the framework and adjust theincome attributed to the...

Markets for many products are dominated by small group of states or countries with a natural advantage in the marketplace because of some initial endowment of resources, favorable climate, or location. The purpose of this paper is to explore how such ...

With the advent of the translogarithmic (translog) cost function has come greater interest in estimating systems of input share equations (Christensen and Greene, 1976; Berndt and Wood, 1975). A distinguishing feature of the translog cost function is that optimal input shares are linear in...