A profit maximization approach to modeling U.S. agricultural trade /
Accurate understanding of domestic policy effects on
| Main Author: | |
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| Format: | Thesis eBook |
| Language: | English |
| Published: |
[Place of publication not identified] :
[publisher not identified] ;
1995.
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| Subjects: | |
| Online Access: | Link to OAKTrust copy |
| Summary: | Accurate understanding of domestic policy effects on agricultural exports to the country's economic health. This agricultural trade is essential because of the importance of agricultural trade. The GNP function approach provides a as an aggregate output. These findings suggest that the based trade models are estimated, and short and intermediate bound production and for imports and domestically produced cannot be rejected for the farm production sector and only consistent elasticity estimates for exports and domestic cost effective from a taxpayer's point of view. demand based on production theory. I use this approach to elasticities using the estimation results from the farm function) approach pioneered by Kohli (1978) to model important improvements over existing empirical trade models. in the analysis. In addition I evaluate the returns to indicate that the Market Promotion Program is very likely not inputs. Various substitution elasticities are also obtained model two individual agricultural trade sectors -- farm Not only does it address many of the shortcomings inherent in one assumption is not supported by the data for the food other empirical trade models, it also provides theoretically processing sector. Importantly, for both sectors I discover production and food processing sector models. Results production and food processing. The profit maximization profit maximization based approach offers a number of Promotion Program. This is accomplished by conducting a promotional programs such as the controversial Market run elasticities are computed. Hypothesis tests indicate sensitivity analysis of welfare effects of the program under sound theoretical framework for export supply and import that exports and domestic bound production cannot be treated that the underlying assumptions implicit in this approach thesis presents the results of a profit maximization (or GNP various combinations of export demand and advertising |
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| Item Description: | "Major subject: Agricultural Economics". Vita. |
| Physical Description: | viii, 129 leaves ; 28 cm. Also available online. Issued also on microfiche from Lange Micrographics. |
| Bibliography: | Includes bibliographical references. |