We used poisson and negative binomial models to estimate future demand of recreation trips to a closed site using internet and intercept surveys. Parameter estimates were validated using 1,000 bootstrap replications. Result indicated a significant negative impact of travel time and positive...

Nutrient runoff from agricultural land can be reduced through production termination to mitigate water pollution. The willingness to accept value to terminate the broiler production is evaluated using sample selection model. The result showed a positive relationship between the decision to...

Online surveys have emerged as low-cost data collection approach in empirical researches; however, the validity of data remains questionable. Therefore, we employed a stochastic frontier estimation method to calibrate online recreational expenditure. Study results suggested the presence of...

This paper analyzed the exchange rate and inward foreign direct investment (FDI) in Mexico from the 25 developed countries comprising the Organization for Economic Co-operation and Development (OECD). Our empirical result does not support the significant relationship between exchange rate and...

A structural time series methodology was used to examine the role of stochastic trend and seasonality in dairy supply response model. In our analysis, the dairy supply model with stochastic seasonality and deterministic trend performs best in terms of diagnostic tests, goodness-of-fit measures,...

A cost minimization model was used to find the minimum cost and environmental friendly management practices(MCEFMP). Use of MCEFMP in cattle production seems to be the most cost effective means of reducing water pollution with a marginal cost of $1200 in comparison to use of MCEFMP on other...

There exist conflicting views among the researchers about the magnitudes of US cotton export demand elasticity, ranging from the highly inelastic to highly elastic. An Armington model was used to analyze the export demand elasticity of US Cotton. Our analysis confirms an elastic nature of US...

A visitor’s decision to use a particular recreational site is influenced by the individual’s taste as well as the characteristics of the site. For this reason, improved knowledge of the visitors’ interests and factors influencing their choices are vital for both planning and...