As the population ages there will be potentially significant implications for a wide range of economic variables, including in particular the fiscal costs of social expenditures. Long-term fiscal planning requires estimates of the possible future path of public spending. This article presents...

Increasing life expectancies and uncertainty about future retirement incomes are likely to lead to various changes in behaviour. As expectations are revised, one potentially important adjustment mechanism is in labour force participation rates. There is already evidence these are rising for...

Recent studies have revealed that less developed countries (LDCs) have been taxing their agricultural sectors at rates of 40-50%. This study uses quantity-based general equilibrium measures of deadweight loss to evaluate the cost of these distortions in 18 of these countries. The Allais-Debreu...

This study analytically evaluates the impact of technological change on output and input markets in a competitive industry of identical firms. Firm-level technology and technological change are represented parametrically as local approximations to unknown functional forms. The comparative...

Our contribution in this article is to compare two methods of adjusting agricultural productivity estimates for the effects of bad environmental outputs. One method is a direct non-parametric Malmquist index with the environmental variables include. The other method is to use the shadow prices...

Traditional measures of agricultural productivity only incorporate those inputs and outputs that are recorded in market transactions. However, such measures do not account for externalities such as environmental damage. This study uses an output distance function framework to estimate a...

The expansion of the corn ethanol industry after 2003 increased corn prices throughout the United States, and, in some cases, prices were shown to be higher with proximity to individual ethanol plants. This leads to the hypothesis that the value of farmland in close proximity to ethanol plants...