With the aim of examining the causal structure between foreign direct investment (FDI) and economic growth, this study derives inductive causal inference using the directed acyclic graph approach, which makes no a priori causal assumptions. There are three major findings of this study. First,...

Deterministic and stochastic yield response plateau functions were estimated to determine the expected profit-maximizing nitrogen rates, yields, and net returns for corn grown after corn, cotton, and soybeans. The stochastic response functions were more appropriate than their deterministic...

Motivated by repeated price spikes and crashes over the last decade, we investigate whether the growing market shares of futures speculators destabilize commodity spot prices. We approximate conditional volatility and analyze how it is affected by speculative open interest. In this context, we...

Using principal component analysis, a climate index is developed to estimate the linkage between climate and crop yields. The indices based on three climate projections are then applied to forecast future crop yield responses. We identify spatial heterogeneity of crop yield responses to future...

Despite recent advances in measuring and compensating for environmental damages, several challenges remain. States have a vested interest in claiming economic damages, especially those that reduce the value of investments. Because place-brand values are considered personal property, Florida may...

We detail the rewards and barriers to participating in multidisciplinary research (MDR) using a 2011 survey of applied economists at U.S. universities. We compare these findings with an earlier 1993 survey to assess if rewards and barriers have changed over time. Different administrative levels...

This article analyzes the impacts of microbial inoculant (MI) technology, which is a part of integrated pest management, on the U.S. apple production using farm-level data. To test the likely production impacts suggested by agronomic literature, we estimate a pesticide use function and...