Showing 1 - 10 of 1,363
This paper draws on a new state-level panel dataset and a model of domestic Dutch disease to examine the short-run and long-run effects of oil & natural gas, coal, and agricultural land endowments on state economies during 1936-2015. Using a flexible shift-share estimation approach, where the...
Persistent link: https://www.econbiz.de/10012916891
Does credit availability exacerbate asset price inflation? Are there long run consequences? During the farm land price boom and bust before the Great Depression, we find that credit availability directly inflated land prices. Credit also amplified the relationship between positive fundamentals...
Persistent link: https://www.econbiz.de/10013107219
We estimate the factors determining specialization of crop choice at the level of individual fields, distinguishing between the role of natural advantage (soil characteristics) and economies of density (scale economies achieved when farmers plant neighboring fields with the same crop). Using...
Persistent link: https://www.econbiz.de/10013243466
Crop production is subject to supply shocks, and both expected and realized outputs as well as output prices are unknown when inputs are chosen. The process by which producers form expectations is difficult to model, especially when working with aggregate data. We present a necessary and...
Persistent link: https://www.econbiz.de/10013067593
This research report makes the following claims: 1] There was not an unambiguous economic advantage of hybrid corn over the open-pollinated varieties in 1936. 2] The early adoption of hybrid corn before 1937 can be better explained by a sustained propaganda campaign conducted by the U.S....
Persistent link: https://www.econbiz.de/10012750188
We investigate how historical patterns of primary production influenced development across local economies in Argentina. Our identification strategy exploits exogenous variation in the composition of primary production induced by climatic features. We find that locations specializing in ranching...
Persistent link: https://www.econbiz.de/10012867639
Starting in the 1930s, commercial hybrid corn seeds rapidly replaced the once predominant open-pollinated varieties planted by farmers. By the mid-1950s almost all corn grown in the United States was of hybrid varieties. Observers have argued that the drought tolerant qualities of these hybrids...
Persistent link: https://www.econbiz.de/10013307733
Crop production is subject to supply shocks, and both expected and realized outputs as well as output prices are unknown when inputs are chosen. The process by which producers form expectations is difficult to model, especially when working with aggregate data. We present a necessary and...
Persistent link: https://www.econbiz.de/10013131233
The federal government has developed a large number of programs to insure various "specialty crops" over the last two decades; a given program is peculiar to a particular county and crop. This development has been particularly notable in California, because of its size and the diversity of crops...
Persistent link: https://www.econbiz.de/10013131302
Using detailed household-level data from Malawi on physical quantities of outputs and inputs in agricultural production, we measure total factor productivity (TFP) for farms controlling for land quality, rain, and other transitory shocks. We find that operated land size and capital are...
Persistent link: https://www.econbiz.de/10012963746