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A quarterly econometric model of the Hawaii beef production sector is estimated. Energy prices influence the model through Hawaii beef and feed prices which are a function of Mainland-to-Hawaii freight rates. Energy prices also influence the decision of whether to allocate feeder animals to...
Persistent link: https://www.econbiz.de/10005327814
Econometric models designed to show how national policies affect state agricultural sectors often use national prices as proxies for state prices. Consequently, they ignore the influence of freight rates on state production. An application to the Hawaii beef industry demonstrates that both...
Persistent link: https://www.econbiz.de/10005327824
A model describing the choice of technology is developed from theoretical considerations. It is shown that the model can be approximated using a logit function. Estimates of short-run elasticities are easily obtained. The model is then applied to the decision to place feeder cattle in confined...
Persistent link: https://www.econbiz.de/10005804222
The effects of the 1964 and 1979 beef import laws on the beef industries of the aggregate United States and Hawaii are simulated for 1972-81 by linking Hawaii and national econometric models. Although impacts are slight for both models, Hawaii beef prices and production appear to be less...
Persistent link: https://www.econbiz.de/10005522766
Several past studies used time series data to estimate price elasticities of demand for fertilizer or nutrient use on all crops in the United States or by region. In this study, demand functions for nitrogen, phosphorous and potassium applied per acre of corn, wheat and soybeans in the United...
Persistent link: https://www.econbiz.de/10005480880