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Two choice modelling studies in Australia were designed to test for the effects of variations in geographic scale and scope on WTP values. One case study assessed values for improved natural resource management in a river catchment, and the other assessed values for improved protection of the...
Persistent link: https://www.econbiz.de/10010882126
Agricultural commodities prices play crucial role both in farmers income determination and in price relationship establishment for the whole economy. Among the factors influencing the wheat prices, crude oil prices are considered as one of the most important. The aim of this paper was to assess...
Persistent link: https://www.econbiz.de/10010882201
Persistent link: https://www.econbiz.de/10010882413
A test of the adding up condition in demand systems is crucial for determining whether a share format is admissible when the number of sample goods is smaller than the number of commodity choices available to consumers. This test requires the estimation of a demand system in a quantity format....
Persistent link: https://www.econbiz.de/10010882499
The method often proposed to meet environmental goals such as water quality improvement is input restriction, such as reduced fertilizer or pesticide use. Computable general equilibrium (CGE) models are potentially valuable tools to analyze the economic impact of such programs. However, to be...
Persistent link: https://www.econbiz.de/10010882676
The statistical properties of daily closing futures prices for nine commodities are studied. Two hypotheses are examined: Price changes are normally distributed, and prices follow a random walk process. Normality is tested by estimating kurtosis, the R/S statistic, and characteristic exponents....
Persistent link: https://www.econbiz.de/10010882785
The objective of this paper is to examine the responsiveness to price incentives of petroleum exploration, the generation of proven reserves and the production out of reserves in the United States. First, a theoretical framework of oil extraction and supply is developed. Next, an econometric...
Persistent link: https://www.econbiz.de/10010882828
This statistical reference summarizes current and historical data on U.S. foreign trade in agricultural products. Tables highlight commodity and country information, including values, quantities, principal markets for agricultural exports, and import sources.
Persistent link: https://www.econbiz.de/10010882854
Rising foreign production, falling prices, and shrinking volume pushed down U.S. agricultural exports 17 percent in value during the first 11 months of fiscal year (FY) 1985 (October1984-August 1985) to $29. 3 billion from $35.1 billion a year earller. Unfavorable weather conditions and higher...
Persistent link: https://www.econbiz.de/10010882858
The value of fiscal year (FY) 1985 farm exports declined 18 percent, as larger world Increased demand, unfavorable weather, supplies reduced prices and U.S. export volumes. and higher prices in the United States boosted the value of U.S. agricultural imports to Bumper a record high of $19.7...
Persistent link: https://www.econbiz.de/10010882862