Risk evaluation is crucial for practitioners as it allows them to make better investment decisions. However, the recently witnessed financial turmoil has demonstrated the inadequacy of many models for preventive risk evaluation. In particular, it is now evident that new methods are needed to...

Prices may fail to explain farmers’ land allocation if the relevant decision prices are “shadow prices” that deviate from market prices. This may be the case for farmers who attach significant non-market values to their crops. I theoretically explain why land allocation may not respond to...

Conventional economic wisdom and findings from aggregate economy-wide models suggest that removing tariffs on agricultural imports is detrimental to rural welfare in less developed countries. This paper explores the rural welfare effects of own-country agricultural liberalization under CAFTA...

This paper has three main objectives. The first is to review major changes in Mexico's agricultural policies in the context of trade liberalization. The second is to explore econometrically the impact of these policy changes on key variables of interest, including prices, trade, production and...

This paper uses limited-dependent variable methods and new data from Burkina Faso to test the impact of inter-continental and continental migration on activity choice and incomes in rural households. We provide theoretical reasoning and empirical evidence that the impact of emigration varies...

Using Mexican survey data, a dynamic econometric model is estimated to test the effect of IRCA, NAFTA and border control expenditures on the flow of female and male migrant farm and non-farm labor from rural Mexico to the United States. We test for differential effects on male and female migration.

This study tests for structural change in the poverty-farm employment relationship between 1980 and 1990. Econometric findings from a partially simultaneous block triangular regression model estimated with census data reveal a circular relationship between farm employment and immigration that...