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The impact of plant-level resource reallocations and technical progress on U.S. macroeconomic growth.

Petrin, Amil; White, T. Kirk; Reiter, Jerome P. - 2011

We build up from the plant level an “aggregate(d)” Solow residual by estimating every U.S. manufacturing plant's contribution to the change in aggregate final demand between 1976 and 1996. Our framework uses the Petrin and Levinsohn (2010) definition of aggregate productivity growth, which...

Persistent link: https://www.econbiz.de/10009429432

A two-step estimator for a spatial lag model of counts: Theory, small sample performance and an application.

Lambert, Dayton M.; Brown, Jason P.; Florax, Raymond J.G.M. - 2010

Several spatial econometric approaches are available to model spatially correlated disturbances in count models, but there are at present no structurally consistent count models incorporating spatial lag autocorrelation. A two-step, limited information maximum likelihood estimator is proposed to...

Persistent link: https://www.econbiz.de/10009429435

Decomposing growth in revenues and costs into price, quantity and total factor productivity contributions.

Dumagan, J.C.; Ball, V.E. - 2009

This article employs the superlative Fisher and Trnqvist indexes for exact decomposition of growth in nominal revenues and costs. The findings confirm the well-known result that these indexes very closely approximate each other, implying that the mathematically simpler and computationally easier...

Persistent link: https://www.econbiz.de/10009429437

Characteristics and hedonic pricing of differentiated beef demands.

Hahn, William F.; Mathews, Kenneth H. Jr. - 2007

We estimate a CBS system model of U.S. derived demand for meat. We use this model (1) to examine relationships between three quality categories of beef and three other meats and (2) to simulate how taste shifts have affected demands for meats over time. We extend previous studies by...

Persistent link: https://www.econbiz.de/10009429466

Brand Inertia in U.S. Household Cheese Consumption.

Arnade, Carlos; Gopinath, Munisamy; Pick, Daniel - 2008

To analyze U.S. consumers' brand choices for cheese purchases, we derive a set of discrete-choice models from dynamic utility maximization. ACNielsen Homescan Survey data on U.S. households is used to estimate a dynamic probit model for each of the top brands for cheddar, shredded, and sliced...

Persistent link: https://www.econbiz.de/10009429467

Managing Risk in Agriculture Through Hedging and Crop Insurance: What Does a National Survey Reveal?

Mishra, Ashok K.; El-Osta, Hisham S. - 2002

Crop insurance and hedging are two risk management strategies used by farmers to manage risk. Using a discrete choice … risk management strategies. In the case of crop insurance, results indicate that level of education, participation in other … risk management strategies (such as renting land, commodity programs, spreading sales over the year), and controlling debt …

Persistent link: https://www.econbiz.de/10009429470

Risk and farm operator labour supply.

Key, Nigel; Roberts, Michael J.; O'Donoghue, Erik - 2006

importance of risk for farm operator labour supply. Subsidy increases induced greater crop insurance coverage, which in turn …

Persistent link: https://www.econbiz.de/10009429476

Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function.

Lubowski, Ruben N.; Plantinga, Andrew J.; Stavins, Robert N. - 2006

If the United States chooses to implement a greenhouse gas reduction program, it would be necessary to decide whether to include carbon sequestration policies - - -such as those that promote forestation and discourage deforestation - - -as part of the domestic portfolio of compliance activities....

Persistent link: https://www.econbiz.de/10009429477

Labor Supply by Farm Operators Under "Decoupled" Farm Program Payments.

El-Osta, Hisham S.; Mishra, Ashok K.; Ahearn, Mary C. - 2004

As part of 1996 legislation, the U.S. began paying farmers production flexibility contract payments designed to be somewhat decoupled from current production decisions. In the labor-leisure model, decoupled payments would be expected to only have a wealth effect, but coupled payments would be...

Persistent link: https://www.econbiz.de/10009429488

Off-farm labour and the structure of US agriculture: the case of corn/soybean farms.

Nehring, Richard; Banker, David - 2005

While the growing importance of off-farm earnings suggests large benefits accrue to farmers from efforts to expand off-farm income opportunities, economic well being also depends on greater efficiency. To comprehensively gauge the economic health of farm operator households' off-farm income is...

Persistent link: https://www.econbiz.de/10009429509