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Cari koleksi dengan cepat sesuai kebutuhan Anda.The paper estimates the impacts of risk-reducing government programs on the use of conservation tillage (no-till and other conservation tillage) practices in agriculture. Conservation tillage can be used to reduce production risk from weather shocks. However, subsidized crop insurance and disaster payments also reduce risk through financial assistance. The paper examines the extent to which r…
Applicability of the induced innovation hypothesis�that a change in relative input prices induces innovation to economize use of the increasingly expensive input (Hicks 1932)�is examined for U.S. public agricultural research. A reduced-form test is developed using input prices from the agricultural production sector, expenditures from the public research sector aimed at developing new…