The purpose of this paper is to estimate China’s soybeans import allocation by country-of-origin using the input allocation model for the multiproduct firm under input-output seperability. From the results, we find there is a competition between the U.S. and South America (Brazil and...

Recent theoretical and empirical research has considered how differences in political arrangements affecting national policy formation might explain variation in fiscal policies pursued (Volkerink and de Haan, 2001). The experience of high government deficits of developed nations in the 1980s...

Son zamanlardaki teorik ve ampirik araştırmalar, politik düzenlemelerdeki değişimlerin, maliye politikalarındaki çeşitliliği nasıl açıklayabileceğini incelemektedir. 1980’lerde gelişmiş ülkelerde gözlenen yüksek kamu açıkları, araştırmacıları bunun nedenlerini analiz...

Time-series methods based on panel data are used to increase the power of conventional econometric tests of present value models commonly applied to studies of asset valuation. A second contribution is to allow for the presence of frictions in farmland markets by allowing for threshold...

Earlier studies usually indicate that farmland prices and cash rents are not cointegrated, a finding that seems at odds with the implications of the present value model. The main objective of this study is to explore whether this absence of empirical support for the present value model can be...

Replaced with revised version of paper 06/28/11.