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  • Articles  (45)
  • Oxford University Press  (29)
  • Wiley  (16)
  • American Chemical Society
  • American Institute of Physics (AIP)
  • De Gruyter
  • Elsevier
  • Institute of Physics
  • Society of Petroleum Engineers
  • 2015-2019  (22)
  • 2010-2014  (16)
  • 1980-1984  (7)
  • 1945-1949
  • 1930-1934
  • Applied Economic Perspectives and Policy  (29)
  • 129547
  • Economics  (45)
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  • Articles  (45)
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  • Oxford University Press  (29)
  • Wiley  (16)
  • American Chemical Society
  • American Institute of Physics (AIP)
  • De Gruyter
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  • 11
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    Bans vs. Fees: Disposable Carryout Bag Policies and Bag Usage (2016)
    Oxford University Press
    Details
    Publication Date: 2016-05-19
    Description: Using observational data on consumer carryout bag usage, we measure the effects of disposable bag policies on disposable and reusable bag demand. Our results show that plastic bag bans coupled with paper bag fees decrease total disposable bag demand but lead to significant increases in paper bag consumption. We compare our results to a study on bag fees and find that both policies lead to similar increases in reusable bag usage. However, the success of bans versus fees in discouraging disposable bag usage is contingent upon the types and prices of bags that stores choose to sell in lieu of disposable plastic.
    Keywords: D12 - Consumer Economics: Empirical Analysis, H23 - Externalities ; Redistributive Effects ; Environmental Taxes and Subsidies, Q58 - Government Policy
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
    Published by Oxford University Press
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  • 12
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    The "Necessity" of New Position Limits in Agricultural Futures Markets: The Verdict from Daily Firm-level Position Data (2016)
    Oxford University Press
    Details
    Publication Date: 2016-05-19
    Description: Regulators are proposing new position limits in U.S. commodity futures markets while the actual impact of long-only index funds on futures prices continues to be debated. Researchers have noted the data limitations—frequency and market breadth—associated with using data compiled by the U.S. Commodity Futures Trading Commission (CFTC). This research addresses these shortfalls by using daily position data for a specific long-only index fund. The empirical analysis focuses on the firm-level position data across 13 U.S. agricultural futures markets. The firm-level data are shown to be representative of the overall index fund industry. Empirical tests fail to find any evidence linking the firm's trading with market returns. However, there does appear to be a consistent negative relationship between the firm's roll transactions and changes in calendar price spreads. Notably, the direction of this impact runs contrary to the price-pressure hypothesis. The results of this study, and others, indicate that a clear verdict can be reached—new limits on speculation in agricultural futures markets are unnecessary.
    Keywords: D84 - Expectations ; Speculations, G12 - Asset Pricing ; Trading volume ; Bond Interest Rates, G13 - Contingent Pricing ; Futures Pricing, G14 - Information and Market Efficiency ; Event Studies, Q13 - Agricultural Markets and Marketing ; Cooperatives ; Agribusiness, Q41 - Demand and Supply
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
    Published by Oxford University Press
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  • 13
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    Productivity and Economic Growth in U.S. Agriculture: A New Look (2016)
    Oxford University Press
    Details
    Publication Date: 2016-02-10
    Description: It is widely reported that productivity growth is the main contributor to economic growth in U.S. agriculture. This article provides estimates of economic growth since World War II and decomposes that growth into the contributions of input growth and productivity growth. The analysis is based on recently revised production accounts, now spanning the 1948–2013 period. Our findings are fully consistent with those reported in the literature; productivity growth dominates input growth as a source of economic growth in the agricultural sector.
    Keywords: Q10 - General
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
    Published by Oxford University Press
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  • 14
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    Food Security and Teenage Labor Supply (2016)
    Oxford University Press
    Details
    Publication Date: 2016-02-10
    Description: This study assesses whether teenage labor force participation may influence the food security of children in their families. We utilize the Current Population Survey annual Food Security Supplement and linked monthly core data from 2001 through 2012 to assess the year-to-year dynamics of food security status in families with teenagers. We estimate the effect of teenage employment on food security while controlling for all time-invariant individual and household characteristics using a fixed-effects model. We find that an employed teen reduces the predicted probability of a family's children having very low food security by an economically and statistically significant 50%.
    Keywords: I10 - General, I30 - General, J20 - General
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
    Published by Oxford University Press
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  • 15
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    Quantifying the Effects of Mexico's Retaliatory Tariffs on Selected U.S. Agricultural Exports (2016)
    Oxford University Press
    Details
    Publication Date: 2016-02-10
    Description: This article estimates the trade-reducing effects of the retaliatory import tariffs imposed by Mexico on selected U.S. agricultural products from March 2009 to October 2011 as part of the U.S.-Mexico trucking dispute. Using an autoregressive distributed-lag time series model of the targeted agricultural exports, we find that the tariffs reduced U.S. sales of these products to Mexico by $984 million (22%). We find no evidence that reduced exports to Mexico were offset by increased sales of these same goods to other countries. The large impact of the tariffs underscores the importance of the duty-free provisions of the North American Free Trade Agreement, as well as the potentially high costs of retaliatory trade measures.
    Keywords: F13 - Trade Policy ; International Trade Organizations, F14 - Country and Industry Studies of Trade, F15 - Economic Integration
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
    Published by Oxford University Press
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  • 16
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    U.S. Agricultural Productivity: A Review of USDA Economic Research Service Methods (2016)
    Oxford University Press
    Details
    Publication Date: 2016-02-10
    Description: The USDA Economic Research Service has emerged as an acknowledged intellectual leader in the construction and integration of national and state-level productivity accounts in agriculture. The national and state-level ERS productivity measures are widely referred to and used, and international sectoral comparisons rely on the ERS production accounts for foundation methodology in constructing agricultural productivity accounts in other countries. This leadership role has endured for many decades and accelerated in response to the AAEA-USDA Task Force review of the agricultural productivity accounts ( Gardner et al. 1980 ). It is against this backdrop of vigorous intellectual leadership that an external review committee has examined the data sources, methodology, ongoing research, documentation, and reporting of the ERS agricultural productivity accounts. Our recommendations are many and some are substantial. Two of the most important recommendations address overarching concerns of documentation and efficiency, two more consider website communication of methods and data, and four focus on the renewal and construction of the state-level accounts.
    Keywords: D24 - Production ; Cost ; Capital and Total Factor Productivity ; Capacity, O30 - General
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
    Published by Oxford University Press
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  • 17
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    Commodity Storage under Backwardation: Does the Working Curve Still Work? (2016)
    Oxford University Press
    Details
    Publication Date: 2016-02-10
    Description: We investigate storage in the presence of backwardation and the existence of the Working curve for Chicago Board of Trade corn, soybeans, and wheat markets and the Kansas City Board of Trade wheat market using 1990–2010 data. Two spread measures—the futures-spot and futures-futures—are matched with deliverable stocks on the first Friday of delivery. To account for grade and location aggregation issues, the futures-spot spreads are measured using the lowest spot bid and highest futures price. Storage in the presence of backwardation is pervasive both in terms of the percentage of observations and the magnitude of the stockholdings. The Working curve emerges most clearly in KCBT wheat and soybeans. Convenience yield is also supported by the negligible holdings of delivery shipping certificates in backwardations. Overall, the results show that the Working curve does indeed still work today. When evaluating policy proposals to deal with heightened price volatility in agricultural markets it is important that models incorporate this well-established relationship.
    Keywords: G13 - Contingent Pricing ; Futures Pricing, Q11 - Aggregate Supply and Demand Analysis ; Prices, Q13 - Agricultural Markets and Marketing ; Cooperatives ; Agribusiness
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
    Published by Oxford University Press
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  • 18
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    The Impact of Credit Constraints on Farm Households: Survey Results from India and China (2013)
    Oxford University Press
    Details
    Publication Date: 2013-11-22
    Description: India and China have the largest farm-household populations in the world—populations that are also among the poorest. Among the many factors that affect farm livelihoods, access to credit has been identified as a significant barrier preventing the escape from poverty. While there has been significant research on credit constraints in developing countries, there is surprisingly little information pertaining to the actual impacts of credit constraints on household well-being. The objective of this paper is to investigate the impacts of credit constraints on various factors affecting farm households, such as physical and human capital formation, agricultural inputs applications, consumption smoothing, and wage-seeking behavior using direct elicitation. This paper contributes to the literature and policy debates by comparing the effects of credit constraints in China and India as surveyed in 2008–2009. The analytical results and data demonstrate that binding credit constraints adversely affect a broad range of production and livelihood choices. We empirically show that credit constraints negatively affect food consumption, farm input applications, and health and educational attainments.
    Keywords: O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products, O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional Arrangements, Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets, Q13 - Agricultural Markets and Marketing ; Cooperatives ; Agribusiness
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
    Published by Oxford University Press
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  • 19
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    Is U.S. Agricultural Productivity Growth Slowing? (2013)
    Oxford University Press
    Details
    Publication Date: 2013-11-22
    Description: This paper uses statistics on agricultural productivity compiled by the U.S. Department of Agriculture's Economic Research Service to test the productivity slowdown hypothesis. The indexes of productivity growth span the years 1948 to 2009. In our analysis, we apply econometric techniques that allow for multiple structural breaks at unknown points in time and in various forms. The tests identify a break in trend in 1974 and an intercept shift in 1985. These results point to slower productivity growth in agriculture beginning in 1974. Prior to 1974, productivity grew at an annual rate of 1.71%, but this slowed to 1.56% after 1974. This slower rate of productivity growth persisted after the intercept shift in 1985 but from a higher absolute level of productivity.
    Keywords: O40 - General, Q10 - General, Q38 - Government Policy
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
    Published by Oxford University Press
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  • 20
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    Road Block to Risk Management -- Investigating Class I Milk Cross-Hedging Opportunities (2013)
    Oxford University Press
    Details
    Publication Date: 2013-11-22
    Description: This study examines the risk management opportunities for fluid milk market participants in the United States through the use of milk futures contracts. We estimate the nature of basis risk from 2002–2011 using modern time-series and econometric techniques. The results of this investigation reveal that at sufficient hedging intervals, using class III manufacturing milk futures contracts to cross-hedge fluid milk has the ability to reduce risk and provide revenue stability to market participants. When used in conjunction with milk futures, prediction algorithms for the closing basis facilitate more direct management of fluid milk price risk.
    Keywords: Q13 - Agricultural Markets and Marketing ; Cooperatives ; Agribusiness, Q14 - Agricultural Finance, Q18 - Agricultural Policy ; Food Policy
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
    Published by Oxford University Press
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