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of urbanisation was found to make a significant contribution to the functions. The urbanisation elasticities were always … positive, indicating that the process of urbanisation had a positive effect on the demand for animal food products. The … expenditure elasticities were also positive, but often less than they would be if estimated from consumption functions that …
Persistent link: https://www.econbiz.de/10011069348
and import demand for dairy products in Mexico to determine price and income elasticities as well as import elasticities …. The results indicate that the demand for fluid milk is the most responsive to price changes and NFDM demand is inelastic … relatively elastic, which suggests the existence of other substitutes for fluid milk. Estimation of import demand equations …
Persistent link: https://www.econbiz.de/10010879428
In a recent article, Oehmke reported that a high internal rate of return for investment in research when the interaction between research and price policy costs was disregarded could become very low or even negative when the effects of research on the costs of price policy were considered. In...
Persistent link: https://www.econbiz.de/10010879432
Using the multi-product translog cost function, this paper examines the cost structure and technical change occurring within the novel Ghanaian rural banks. The results of the seemingly unrelated error components model indicate substantial unexploited economies of scale in individual products as...
Persistent link: https://www.econbiz.de/10010879446
This study investigates non-parametrically the optimizing behavior of a sample of 289 Kansas farms under profit-maximization and cost-minimization hypotheses. The study uses both deterministic and stochastic non-parametric tests. The deterministic results do not support strict adherence to...
Persistent link: https://www.econbiz.de/10010879477
In this paper a simple model is developed in which the piglet price serves as a forecast for the hog price 3 months ahead. The model is tested on data from Northern Europe, viz. Norway, Sweden, Denmark and Finland during the period 1982-1992. The empirical results lend strong support to the...
Persistent link: https://www.econbiz.de/10010879508
Countries replacing existing trade barriers with a fixed tariff may find that domestic price variability rises to politically unacceptable levels. This paper shows how the tariff-reduction formula can be modified to delay the transmission of world price variability. The importance of this...
Persistent link: https://www.econbiz.de/10010879510
China is both the world's largest producer and consumer of wheat. In an attempt to gain a larger slice of the important Chinese market, both the European Community and the United States have offered China subsidised wheat. In addition, other exporters have offered attractive credit arrangements...
Persistent link: https://www.econbiz.de/10010879519
Pesticide prices can influence producer decisions to apply pesticides as opposed to nonchemical means of pest control. Those prices are in tum influenced by price and exchange rate policies. The effective rate of protection for nine pesticides commonly applied to vegetables in the Philippines...
Persistent link: https://www.econbiz.de/10010879524
The Almost Ideal Demand system is applied to consumption in Bulgaria. It is argued that the conventional estimation of … canonical cointegrating regression procedure of Park is applied. It is argued that the results of the Almost Ideal Demand system …
Persistent link: https://www.econbiz.de/10010879532