Prices for prime farmland have increased significantly in recent years. But, is the dramatic increase the result of a speculative bubble or is it consistent with market fundamentals with increases driven by growing global demand and recent changes to U.S. agricultural and energy policies? This...

This paper empirically evaluates the degree of integration among spatially separated markets using monthly wholesale real price series of tomato and onion from regional markets located in each of the four provinces of Pakistan. Unit root test indicates that the price series are stationary, and...

This paper examines the effect of variety attributes on adoption of improved sorghum varieties in Kenya. Using data from 140 farmers, the paper uses a multivariate probit to identify variety-specific drivers of adoption. The results on the perception of farmers variety attributes show that...

This study presents recent results on the impact of adopting Bt corn on farm profits, yields, and seed and insecticide use. The study employs an econometric model that corrects for self-selection and simultaneity and uses farm-level survey data for 2010. Results confirm previous findings that Bt...

We propose a flexible nonparametric density estimator for panel data. One possible areas of application is estimation of crop yield distributions whose data tend to be short panels from many geographical units. Taking into account the panel structure of the data can likely improve the efficiency...

This paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia, the Caucasus, and Central Asia. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that the...

We present a simple model of intra-household allocation between spouses to show that when there is asymmetric information over monetary transfers between spouses, the incentives to hide income depend on the role spouses play within the household. We test the model with data from a field...