The induced innovation hypothesis states that the direction of technical change is determined by changes in relative input prices acting as a "spur to invention". To determine the validity of this hypothesis for the High Rainfall Zone of the Australian sheep industry, technical change biases for...

Fisheries managers use licenses as a method of capping the size of a fishing industry, but as management goals change and the size of fishery stocks fluctuate, managers may be faced with the decision to buy back licenses. The vast majority of economic literature on license buyback programs...

This article summarizes the conceptual development and empirical implementation of the travel cost recreation demand model by (J) describing its theoretical underpinnings, (2) outlining how theory must be adapted for the needs imposed by available data. (3) explaining issues to be considered in...

The aggregate approach to the evaluation ofproduction oriented expenditure in the UnitedStates has consistently shown high rates ofreturn to agricultural research investments.These efforts, while showing the value of agricultural research, are limited in the information they can provide policy...

Much research work has been conducted in recentyears to evaluate the effects of researchand extension.2/ Some of these efforts were conductedat the national aggregate level, whileothers were conducted at the regional or communitylevels. The methodologies used in thosestudies varied, but most of...

This paper stresses that innovation in Hungary leaves something to be desired, and a perpetual lack ofinnovation also applies to the agro-food sector which, of course, consequently weakens the nation’s generalcompetitiveness.The 2007-2013 period and the subsequent resources provided by the EU...

This study uses a unique firm-level dataset to examine how falling trade costs from 1993-2001 affected entry, exit, productivity, and exporting in the Korean manufacturing sector. We verify many of the predictions of recent heterogeneous-firm models of international trade. For example, falling...

This version of the paper is subject to changes.

The focus of the microeconomic technology adoption literature has been on the adoption and diffusion of new innovations: who adopts, and when they adopt. Implicit in the literature is that consumers will embrace the product that results from the use of the new technology. If producers have...

Genetically modified (GM) crops have been largely adopted in major exporting countriesthereby representing a dominant share of a few key agricultural commodities that aretraded in international markets. Regulatory reviews and approvals for the cultivation andmarketing of GM crops, however, are...