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Farm debt in transition countries: Lessons for Tajikistan

Lerman, Zvi; Sedik, David J. - Agricultural and Applied Economics Association - AAEA - 2009

contend with farm debt overhangs in the 1980s and the 1990s. Five CIS transition countries (Belarus, Kazakhstan, Moldova … efficiency criteria. The basic reasons that led to debt accumulation in CIS and in Israel remain valid to this day, and the …

Persistent link: https://www.econbiz.de/10005000524

Price Discovery in U.S. Corn Cash and Futures Markets: The Role of Cash Market Selection

Xu, Xiaojie - Agricultural and Applied Economics Association - AAEA - 2014

futures markets vary with selection of cash markets. The cointegration relationship between corn cash and futures prices only … equal in the long run for 49 out of these 52 markets. In the short run, the unidirectional causality from cash to futures … majority of causal relationships are linear, the causality from futures to cash prices is more likely to be nonlinear …

Persistent link: https://www.econbiz.de/10011068966

Causality and Price Discovery in U.S. Corn Markets: An Application of Error Correction Modeling and Directed Acyclic Graphs

Xu, Xiaojie - Agricultural and Applied Economics Association - AAEA - 2014

This study investigates dynamic relationships among U.S. corn cash prices for the years 2006-2011. With daily data from 182 spatially separated markets spreading across 7 states, Iowa (IA), Illinois (IL), Indiana (IN), Ohio (OH), Minnesota (MN), Nebraska (NE), and Kansas (KS), we apply an error...

Persistent link: https://www.econbiz.de/10011068978

Does Agriculture Really Matter for Economic Growth in Developing Countries?

Awokuse, Titus O. - Agricultural and Applied Economics Association - AAEA - 2009

In recent decades, the potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. While some contend that agricultural development is a precondition to industrialization, others strongly disagree and argue for a different path....

Persistent link: https://www.econbiz.de/10005012577

Modeling Nonlinearities in Farmland Values: A Dynamic Panel Threshold Error-Correction Model

Onel, Gulcan - Agricultural and Applied Economics Association - AAEA - 2009

suggest a panel unit root model with two regimes in which the adjustment process may be characterized by the presence of …

Persistent link: https://www.econbiz.de/10005012592

CAUSALITY BETWEEN TFP, R&D AND PRICES: UNCONDITIONAL AND CONDITIONAL LINEAR FEEDBACK

Shaik, Saleem - Agricultural and Applied Economics Association - AAEA - 1999

This paper estimates the unconditional and conditional linear dependence between exogenous supply (R&D), endogenous demand (prices) and TFP based on the linear feedback method. Unit root tests are performed for Nebraska agriculture sector data spread over 1936-94 time period. Results indicate...

Persistent link: https://www.econbiz.de/10005338136

Proving causal relationships using observational data

Bryant, Henry L.; Bessler, David A. - Agricultural and Applied Economics Association - AAEA - 2011

We describe a means of rejecting a null hypothesis concerning observed, but not deliberately manipulated, variables of the form H0: A -/- B in favor of an alternative hypothesis HA: A -- B, even given the possibility of causally related unobserved variables. Rejection of such an H0 relies on the...

Persistent link: https://www.econbiz.de/10009002519

Price Discovery of World and China Vegetable Oil Markets and Causality with Non-Gaussian Innovations

Dharmasena, Senarath; Fang, Lu; Bessler, David A.; … - Agricultural and Applied Economics Association - AAEA - 2014

Persistent link: https://www.econbiz.de/10011068679

FED CATTLE PRICE DISCOVERY: DIRECTED ACYCLIC GRAPH AND TIME SERIES MODELING

Lee, Andrew C.; Kim, Man-Keun - Agricultural and Applied Economics Association - AAEA - 2007

Locating fed cattle price discovery center is revisited using the framework that combines recent progress in causal research with time series analysis. The Bernanke factorization in innovation accounting is obtained by a graphical method called directed acyclic graph which uses data to identify...

Persistent link: https://www.econbiz.de/10005476742

Macro Effects on Agricultural Prices in Different Time Horizons

Koo, Won W.; Cho, Guedae; Kim, MinKyoung - Agricultural and Applied Economics Association - AAEA - 2005

Using monthly data covering 1974:1 to 2002:12, this paper explores the linkage between changes in macroeconomic variables (real exchange rate and inflation rate) and changes in relative agricultural prices in different time horizons (1, 12, 24, 36, 48, and 60 months). By controlling factors that...

Persistent link: https://www.econbiz.de/10005327313