type="main" xml:id="jage12048-abs-0001" <title type="main">Abstract</title> <p>Since the early 1950s, Japanese farmland rents have been regulated and a consensus emerged that rent control led to market failure. Hypothesising a rent-formation model where rents are determined by prices, this paper estimates a threshold...</p>

This paper examines the long-term relationship between the export prices of Canadian and US hard wheat and the effects of the US Export Enhancement Program (EEP). Using monthly prices for 1974-2001, we adopt the cointegration procedure of Johansen "et al." (2000) which permits structural breaks....

Price risk is estimated for a representative UK arable farm using value-at-risk (VaR). To determine the distribution of commodity returns, two multivariate generalised autoregressive conditional heteroscedasticity (GARCH) models, with "t"-distributed and normally distributed errors, and a...

This paper quantifies the contribution of agricultural exports to economic growth in developing countries. We estimate the relationship between GDP and agricultural and non-agricultural exports for 42 countries using panel cointegration methods. Results show that a long-run relationship exists,...