http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
profit maximization approach to modeling U.S. agricultural trade
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
"Major subject: Agricultural Economics".
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