Purpose: This paper quantifies the effects of recent Federal Reserve interest rate changes, specifically recent hikes and cuts in the federal funds rate since 2015, on Midwest farmland values. Design/methodology/approach: The authors apply three autoregressive distributed lag (ARDL) models to a...

We investigate whether residential development patterns from a rapidly growing exurban area are consistent with the urban economic model's predictions of leapfrog and infill development. Using historical data on subdivision development from 1960-2005 in the Baltimore, Maryland region, we develop...

President Biden proposed the American Families Plan (AFP) on April 28, 2021, to provide new social programs to millions of Americans. Specifically, the AFP proposes increasing the top marginal tax rate, taxing some capital gain at ordinary income tax rates, and subjecting more gain to the 3.8%...

Coal-fired power plants are among the biggest air polluters both in China and globally. In 2013, China launched a pilot project to switch its power plants from coal to natural gas to curb coal-fired plants’ detrimental effects on air quality. Debates about this policy mainly invoke the costs,...

China is the world’s largest hog producer and a leading pork importer. Since August 2018, ongoing outbreaks of African Swine Fever (ASF), a highly contagious and deadly disease affecting pigs, have hit China’s livestock industries and wiped out 40% of China’s pigs. We leverage data on...

PurposeThe purpose of this paper is to examine the current farm economic downturn and credit restructuring by comparing it with the 1920s and 1980s farm crises from both economic and regulatory perspectives.Design/methodology/approachThis paper closely compares critical economic and regulatory...

Despite the growing awareness of harmful algal blooms (HABs) in the United States and abroad, estimates of welfare losses due to their presence are missing from the literature. Using a mail survey of 767 Ohio Lake Erie recreational angler respondents and a choice experiment, this study provides...