A multi-dimensional, non-linear dynamic model in continuous time is presented for the purpose of finding the optimal combination of exploitation and capital investment in optimal renewable resource management. Non-malleability of capital is incorporated in the model through an asymmetric...

When different technologies are present in an industry, assuming a homogeneous technologywill lead to misleading implications about technical change and inefficient policyrecommendations. In this paper a latent class modelling approach and flexible estimation ofthe production structure is used...

Rural Development

The aim of this article is to investigate the relationship between Economic Value Added, traditional performance measures (Return on Assets ‘ROA’ and Return on Equity ‘ROE’) and their ability to measure the creation of shareholder wealth in food-processing firms in the Czech Republic. To...

In the research area of crop yield density estimation and in particular in risk analysis, little emphasis has been given to the appropriateness of transformation methods (e.g., removing a linear trend) and how such transformations impact the reliability of the empirical distribution functions...

Stochastic coefficients models can provide accurate agricultural secto forecasts and useful policy analysis Coefficient variation may occur for many reasons including aggregating over micro units, omitting variable, using an incorrect functional form, and allowing for a dynamic economic theory...

This paper uses the concept of Meta-frontier to investigate the relationship between Meta Technology Ratios (MTR) and different varieties in datepalms including; Mazafati, Rabi and Zardan that are produced widely in Sistan and Baluchestan province of Iran. We used a stratified sampling of 300...

Agricultural production estimates have often differentiated and estimated different technologies within a sample of farms. The common approach is to use observable farm characteristics to split the sample into groups and subsequently estimate different functions for each group. Alternatively,...