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This paper suggests a new approach to econometrically estimate parameters of multi-level Constant Elasticity of Transformation (CET) functional forms which are widely used in developing Computable General Equilibrium (CGE) models. An illustrative CET functional form is estimated using the...
Persistent link: https://www.econbiz.de/10010881127
Retiring land from crop production under the Conservation Reserve Program is expensive and often unnecessary. Instead, more emphasis should be placed on providing incentives for farmers to reduce erosion by adopting better cropping practices. This would cost less than current programs and allow...
Persistent link: https://www.econbiz.de/10010881318
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The present paper intends to make an analysis at regional level, respectively in Galati county, in order to determine the present situation of agriculture in the South-East region of Romania; it investigates the possibility of changing the crop structure towards more added value such as...
Persistent link: https://www.econbiz.de/10010881851
An empirical model accurately estimates row crop and extensive crop acreage in the North Central region. It shows (a) for each 1-acre increase in diversion, rcw crops decrease 0.62 acre and extensive crops decrease 0.12 acre, and (b) the annual shift to .row crops is diminishing.
Persistent link: https://www.econbiz.de/10010882059
Invasive species pose an enormous threat in the Pacific: not only do they strongly affect biodiversity, but they also potentially affect the economic, social, and cultural wellbeing of Pacific peoples. Invasive species can potentially be managed and their impacts can potentially be avoided,...
Persistent link: https://www.econbiz.de/10010882127
Abstract. This paper examines the optimal management of agricultural land through the use of non-crop inputs, such as fertiliser, and land uses that either degrade or restore productivity. We demonstrate the need to consider the relative total asset value of alternative crops over time. It is...
Persistent link: https://www.econbiz.de/10010882140
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The use of economic analysis to aid farm input investment decisions has been contentious because of observed flatness of economic response in the region of the optimum input. In this paper an application of a crop simulation model, to specify the production response, in conjunction with...
Persistent link: https://www.econbiz.de/10010882874