The application of modern biotechnology to plant breeding is considered to be more efficient and quicker than conventional breeding techniques in the development of new and more resilient crop varieties. To test the impact that biotechnology is having on a industrial plant breeding activities,...

This study used the flexible fixed cost quadratic function to analyze the cost structure of multi-product farms using farm-level panel data. The robustness of estimated parameters are examined using four panel data estimators. Results suggest that scale economies remain significant in Illinois...

Long-run implications of the one-factor neoclassical growth models are tested by using data from Australia, New Zealand, South Korea and Taiwan. Testable propositions about the long-run relations between log of real output, consumption, and investment are investigated using unit root tests and...

The intertemporal models of current account determination demonstrate that in the analysis of the current account balance of a country, it is important to distinguish between transitory and permanent disturbances in income and relative prices. This paper attempts to decompose the observed data...

Using data from a national survey, this study analyzes US consumers' acceptance of genetically modified foods that provide additional nutritional benefits. Using an ordered probit model, this study examines the relation between the willingness to consume genetically modified foods and consumers'...

This paper is a descriptive study of consumersÂ’' self-reported knowledge, assumptions, and acceptance of genetically modified foods in the U.S. These findings are based on a national survey of consumers. Our findings demonstrate a rather low level of awareness among most Americans about...

Changes in consumer demographic composition, information technology, labor force participation, and time demands of the workplace have created demand as well as opportunities for the food retailing industry to deliver food using new alternative methods. Using a logit analysis, this study...