Recently several proposals have arisen to replace the current income tax system in the United States with a consumption based or Fair Tax. This study investigates the effect of such a consumption based tax on agricultural investment decisions using stochastic optimal control to model the...

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The relationship between appreciation of the exchange rate and employment is investigated in the period 1980-2008 for the United States. Previous literature has found a negative relationship, studying as channels of transmission the role of exports, substitution of factors of production, terms...

The relationship between appreciation of the exchange rate and employment is investigated in the period 1980-2008 for the United States. Previous literature has found a negative relationship, studying as channels of transmission the role of exports, substitution of factors of production, terms...

Farm operators and spouses have increasingly engaged in off-farm work in recent years. Many studies have analyzed the role of government payments; however, little is known about the impact of health insurance coverage. This study builds on previous literature by using copulas to test for...

This paper analyzes historical movements in the commodity futures market and the relationship to inflation. Specifically, the relationship between the Commodity Research Bureau (CRB) Index and United States inflation is investigated. It is said that the relationship between the CRB index and the...

This paper compares three approaches to using attitudinal data to describe heterogeneous preferences for non-market goods. Two latent class models and one random parameter logit model are included. Each model makes different assumptions about the role of attitudes in the decision process....

In this paper, multivariate spatial autoregressive model of local public expenditure determination is developed. The empirical model is developed based on maximization of community utility function. The model is estimate by efficient GMM using Appalachian counties and the results indicate...

The paper examines growth in the U.S. agricultural sector under the conditions hypothesized by endogenous growth theory. Public capital and R&D in agriculture are explicitly considered to capture the effect of public inputs. Results support some of the necessary conditions for this hypothesis to...

The Grant-in-Aid Program is a State sponsored seed grant program whereby the State of Minnesota provides the University of Minnesota approximately $2 million annually to fund new faculty research. Recently, the Graduate School engaged in an internal review of the Grant-in-Aid program. The...