Dynamic demand systems have been employed in a number of studies to account for habit formation and inventory adjustments in demand. Few studies have attempted to provide a theoretical foundation for the dynamic demand structures employed. Recently, Bushehri (2003) showed how a generalized...

An output distance function conditional on the expansion of a second output is presented. These distance functions are used to calculate distinct relative Total Factor Productivity (TFP) scores for two jointly produced products-livestock and crops for 27 countries. From these, TFP growth and...

This study empirically estimates the South Korean short-run and long-run import demand parameters for source-based dairy products and assess the impacts of the KORUS FTA on dairy product trade. These estimates were derived using a Central Bureau of Statistics (CBS) demand system. The impact of...

Dynamic demand systems have been employed in a number of studies to account for habit formation and inventory adjustments in demand. Few studies have attempted to provide a theoretical foundation for the dynamic demand structures employed. Recently, Bushehri (2003) showed how a generalized...

Derived demand relationships among four weight categories of feeder cattle entering Texas feedlots and feed were examined using a Generalized McFadden dual cost function specified as an error correction model. Relationships among own- and cross-price elasticities provide evidence for at least...

Often analysts must conduct risk analysis based on a small number of observations. This paper describes and illustrates the use of a kernel density estimation procedure to smooth out irregularities in such a sparse data set for simulating univariate and multivariate probability distributions.

This paper shows that the theory of circular causation as stated by Myrdal can be ast in a rigorous microeconomic neoclassical model. In doing this, Myrdal's theory of equilibria is extended by showing that existence of stable and unstable types of equilibria and the conditions under which easy...

Agncultural research managers are under increasing pressure to JUStify thetr dec1s10ns 111e empirical analysis of comparative advantage offers considerable potential to provide more precise mformatmn to research resource managers for their dec1s10ns. In this paper, the potential applications of...