Accurate estimates of returns to scale require that inputs and output are measured without error and that environmental and managerial differences among firms of varying sizes are taken into account. Measurement problems affecting estimates of returns to scale in agriculture include: (1)...

The results of estimating reduced form supply and input demand functions suggest that farm programs have increased the area planted to corn and soybeans in the corn belt by about 12 percent, and increased fertilizer and chemical use per acre by about 18 percent. It is argued that a limited land...

Money is broadly defined to include M2 plus large denomination time deposits and deposits in savings institutions. Splitting M2+ into two components, M1 and the remainder, MD, each was found to bear a stable relationship to GDP over the 1929-94 period. An economic test of the causality question...