Public health officials and physicians are concerned about possible development of bacterial resistance and potential effects on human health that may be related to the use of antimicrobial agents in livestock feed. The focus of this research is aimed at determining the economic effects that...

This study provides elasticity estimates of the Caribbean demand for U. S. and Rest-of-the-World starchy foods (unmilled wheat and flour, rice, corn and fresh potatoes) using the Restricted Source Differentiated Almost Ideal Demand System (RSDAIDS) model. Caribbean per capita import demand...

The dynamic relationship between daily cash and futures prices is investigated using time series analysis. The procedure involves causality tests between the two price series. The results show that futures price movements lead cash prices, implying that prices are discovered in the futures market.

Little research has been conducted on evaluating out-of sample forecasts of discrete dependent variables. This study describes the large and small sample properties of two forecast evaluation techniques for discrete dependent variables: receiver-operator curves and out-of-sample log-likelihood...

A Cox test with parametric bootstrap is developed to select between the linearized version of the First-Difference Almost Ideal Demand System (FDAIDS) and the Rotterdam model. A Cox test with parametric bootstrap has been shown to be more powerful than encompassing tests like those used in past...

Time-series data for Oklahoma agricultural land sales from 2001-2005 are analyzed to measure the impacts of recreation and urbanization. Recreational variables such as deer harvest per county and variables depicting urban influence were found to have positive significant impacts on land values...