Although conventional linear regression techniques assume time constancy of parameters time varying coefficient or the problem of structural instability in econometric relationships has been recognized by econometricians. In this study, time varying impact of captive supply on fed cattle cash...

Changes in allocation of federal grazing permits to ranchers can impact not only local ranchers but the entire county economy itself. Regional impacts of changing grazing rights and grazing fees are measured by linking cattle production through a linear programming framework with a county level...

The relationship among rice yield and weather variables in Korea is explored using a stochastic production function. The results reveal that average rice yield is positively related to temperature and negatively associated with precipitation. Both temperature and precipitation, which are...

The input-output (IO) analysis explores changes in final demand through the regional economy using multipliers. However, it isn’t flexible to investigate the regional impact from the capacity limitations which are directly imposed on production, not final demand. This is because the...

In quantitative research, direction of causality among the variables is often assumed without a rigorous test. In this study, the directed acyclic graph (DAG) method was used to illuminate causal relationships among fed cattle industry variables, in particular, it was shown that captive supply...