Agricultural economists and policy makers in the United States believe that the magnitude of the export demand elasticity is one of the most important parameters used in farm policy decisions. However, past empirical estimates show wide variation in the size of the U.S. export demand elasticity....

Endogenizing the exchange rat in trade models over the period of fixed and flexible exchange rate systems poses an econometric problem in the estimation because of the fixity of the exchange rate under the fixed exchange rate system. An econometric technique, the grafted polynomial approach, is...

Lithuania is one of three Baltic republics. Its area is 25.2 thousand square miles and it has a total population of 3.72 million people. The republic is currently moving towards independence. There are numerous political changes as a result. One outcome of these political changes is the reform...