Most studies analyzing the impact of human capital in agriculture use the measure of years of schooling of the producer as a proxy for decision-making skills. An alternative measure is used in this paper. The measure was derived by grading decision-making and execution skills of a sample of...

This paper attempts to understand the linkages between human capital and input choice in agricultural firms. The hypothesis to be tested is that better educated managers choose different input combinations than managers with a lower educational level. In particular, the hypothesis is that the...

In his numerous textbooks WILHELM BRANDES has laid the foundation for theoretically appropriate modeling of farm firms, which has recently been expanded to modeling sustainability goals. The published research results belong to the fields of economic, ecological, and social sustainability....

Real Options: Concept, Methods and Applicability in Agricultural EconomicsThis paper discusses the real options approach to investment. Real options facilitate an analysis of investment under uncertainty explicitly taking into account irreversibility of the investment decision and flexibility...

Traditional objects of farm management research and farm management science are farms and farm households. In the course of time new objects have been added, for example different forms of horizontal and vertical co-operation, commerce and manufacturing enterprises in the field of agriculture,...

In most western societies, marital fertility began to decline in the nineteenth century. But in Ireland, fertility in marriage remained stubbornly high into the twentieth century. Explanations of this focus on the influence of the Roman Catholic Church in Irish society. These arguments are often...

This paper investigates whether the degree and the nature of economic and monetary policy interdependence between the United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the perspective of financial markets by analysing the...

It is widely believed that the Millennium Challenge Corporation (MCC) has grossly fallen short of high expectations raised by the Bush administration in 2002. From the perspective of potential recipient countries, the crucial issue is whether the MCC increased the overall pool of aid resources...

In this paper we analyze the synchronization between the business cycles of US and Mexican regions. Regional economic activity in Mexico is measured using regional coincident indexes recently developed at Banco de México, while US aggregate economic activity is measured with the national...