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Food commodity price fluctuations have an important impact on poverty and food insecurity across the world. Conventional models have not provided a complete picture of recent price spikes in agricultural commodity markets, and there is an urgent need for appropriate policy responses. Perhaps new approaches are needed to better understand international spill-overs, the feedback between the real …
- Tahun Terbit
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This article offers a methodology to address the endogeneity of inputs in the input distance function (IDF) formulation of the production processes. We propose to tackle endogenous input ratios appearing in the normalized IDF by considering a flexible (simultaneous) system of the IDF and the first-order conditions from the firm�s cost minimization problem. Our model can accommodate both te…
- Tahun Terbit
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The objective of this research is to estimate and analyze the gap between in-trial yield potential, on-farm yield potential, and actual on-farm wheat yields. Yield gaps are quantified by measuring how varietal mean yields have changed over time, due to productivity increases generated by public and private wheat breeding programs. Variety performance trial data for Kansas winter wheat are used …
- Tahun Terbit
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Market integration has been widely studied in the past to gain a better understanding of how different markets for the same good interact with one another. Traditional cointegration tests have been used to perform these analyses; however, these tests can only reveal the presence of stable or average long-term relationships. To evaluate market dynamics over time, we modify a time-varying smooth …
- Tahun Terbit
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