Growth in agriculture depends on many things but one of the most important is investment in agricultural research. Decision making in the agricultural research policy area can only be aided by access to better information. This article overviews a recent endeavor to move policy dialogue beyond...

In this paper, we conduct a set of Monte Carlo sampling experiments to examine the effect of design characteristics on the inequality restricted maximum entropy (RME) estimator. We generate data under varying design characteristics, and estimate the parameters using maximum entropy and least...

The purpose of the present study is to determine the effects of two select types of high school extracurricular activities on future earnings: athletics and the National Honor Society. Utilizing data from the 1979 National Longitudinal Survey of Youth and a two-stage least squares estimation...

The central purpose of this work is to test the Sharpe-Lintner-Black Capital Asset Pricing Model in the Brazilian equity market. We have concluded that the CAPM is dead in the Brazilian equity market because, besides using the market premiums to explain the panel equity premiums, there are also...

This paper has the purpose of testing the expectations hypothesis of the term structure for two corporate bond yields. A new test is developed based on an ARIMA data generation process of the short rate, and on the derivation of a relation between the change in the long rate and revisions of...

The average charge for saw-ginning and wrapping a 480-pound net-weight bale of cotton in the United States was $43.28 per bale during the 1993/94 season, compared with $42.50 in 1992/93. This increase reverses a 5-year decline in the I I U.S. average ginning charge. There were a total of 1,357 I...

The rapid growth in fertilizer consumption throughout the sixties and seventies peaked at 23.7 million nutrient tons in 1981. After falling to 18.1 million tons in 1983, use has remained relatively stable, ranging from 19.1 to 21.8 million tons during 1984-93. Use has declined from its peak...