Showing 1 - 10 of 157
Because of the extra risk, tenants who cash lease land should earn more money than those tenants with share leases. A competitive land market and the need to support bigger and newer machinery can easily lead tenants to pay more than they should for a cash lease. Share leases tend to avoid the...
Persistent link: https://www.econbiz.de/10008800786
The cotton harvesting industry is in the beginnings of its next technological advance, cotton harvesters that form cotton modules inside the machine then deposit them off the rows. These new machines eliminate the need for extra labor and equipment, but are more expensive than conventional...
Persistent link: https://www.econbiz.de/10005511116
Several recent papers have used annual changes and monthly data to estimate demand systems. Such use of overlapping data introduces a moving average error term. This paper shows how to obtain consistent and asymptotically efficient estimates of a demand system using seasonally differenced data....
Persistent link: https://www.econbiz.de/10008530503
We developed a theoretical model of state-level entrepreneurship activity, as measured independently by firm creation, patent applications and presence of 500Inc. firms. We estimated the roles of innovations, financial capital, state resources and entrepreneurial climate. The empirical results...
Persistent link: https://www.econbiz.de/10005804878
This paper provides a farm sector comparison of levels of capital input for fourteen OECD countries for the period 1973-2002. The starting point for construction of a measure of capital input is the measurement of capital stock. Estimates of depreciable capital are derived by representing...
Persistent link: https://www.econbiz.de/10005804930
This study examines the impact of distance among competing bank locations on market their pricing behavior. A general spatial autoregressive model that nests both spatial autoregressive and spatial error models is used to examine the impact of distance on pricing behavior of 686 non-metro banks...
Persistent link: https://www.econbiz.de/10005804932
A common problem in agricultural credit markets in developing countries is the coexistence of a competitive market equilibrium interest rate and credit rationing. The literature typically explains the existence of credit rationing in competitive credit markets using adverse selection and moral...
Persistent link: https://www.econbiz.de/10005805932
In many studies the assumption is made that traders only encounter one type of price risk. In reality, however, traders are exposed to multiple price risks, and often have several relevant derivative instruments available with which to hedge price uncertainty. In this study, commodity, foreign...
Persistent link: https://www.econbiz.de/10005806422
We search for evidence consistent with the notion that endogenous credit constraints play a role in cattle cycles. Beef cow inventories are found to be more sensitive to credit constraints during periods of falling than rising asset values. Inventories of heifer replacements exhibit only weak...
Persistent link: https://www.econbiz.de/10005807312
Efficient operation of agricultural credit markets is very important both for the producer as well as for the policy makers. DEA approach is used to calculate productivity analysis which allows decomposition of sources of productivity changes into efficiency and technical change. Measured...
Persistent link: https://www.econbiz.de/10005807329