The objective of this paper is to explore the determinants to leave agriculture and change occupational sector. We adopt a 3-step multivariate probit where we control for selection bias at two stages in the decisions to work and, at a later stage, exit agriculture. The analysis is based on the...

We develop a method to characterize the location as well as the time of approach of optimal steady states in single-state, infinite-horizon, autonomous models. The method is based on a simple function of the state variable which is defined in terms of the model's primitives. The actual...

We demonstrate that Theil-type variance corrections are required to obtain consistent marginal effect estimates in Nelson-Olsen's two-stage limited dependent variable (2SLDV) model. As Theil's residuals-based corrections are infeasible with 2SLDV, we present variance correction procedures shown...

Several annual rail rate indices depict changes in the prices paid for rail service. Although accurate for general analyses, each of these indices falls short in capturing the three major components of total railroad grain rates: tariff rates, fuel surcharges, and secondary railcar market costs....

Genetically Modified Organisms (GMOs) have been a controversial topic in recent years: while the scientific community has largely accepted the validity and safety of using this biotechnology in the food industry, public opinion still shows a certain suspicion and fear. The legislator is...

Food commodity prices fluctuations have important impacts on poverty and food insecurity across the world. Conventional models have not provided a complete picture of recent price spikes in agricultural commodity markets, while there is an urgent need for appropriate policy responses. Perhaps...

This paper examines price transmission mechanism between farm and retail levels in vertical chain of potatoes. Time series analysis starting with cointegration approach is used to study price linkages between producer and consumer prices in potato market in Slovakia. We test for an existence of...

Rice production in most of Asian countries has been increased more rapidly than population and this has been led to increase in supply and proportionately decrease in the real price of rice in world and domestic markets. Furthermore, together with growth in production and national gross income...