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An Aggregate Model of Agriculture—Empirical Estimates and Some Policy Implications

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  • Alvin C. Egbert

Abstract

The qualitative nature of the U.S. national farm price and income dilemma has long been generally but rather vaguely known. Contemporary econometric analysis can identify more precisely the magnitudes and interrelations that compose and surround this perplexing dilemma. This article undertakes to go beyond the established approach of measuring supply and demand price elasticities to the equally important and perhaps more productive identification and measurement of the relevant supply and demand shifters. By projecting magnitudes to 1985, long-run policy implications of prospective changes can be examined with greater acuity.

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  • Alvin C. Egbert, 1969. "An Aggregate Model of Agriculture—Empirical Estimates and Some Policy Implications," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(1), pages 71-86.
    • Handle: RePEc:oup:ajagec:v:51:y:1969:i:1:p:71-86.
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    File URL: http://hdl.handle.net/10.2307/1238307
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    References listed on IDEAS

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    1. Alvin C. Egbert & Shlomo Reutlinger, 1965. "A Dynamic Long-Run Model of the Livestock-Feed Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(5), pages 1288-1305.
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    Cited by:

    1. Lee, Tsoung-Chao & Seaver, Stanley K., 1980. "Forecasts Of Farm Animal Production In The New England States And In The U.S," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-6, April.
    2. Throsby, C.D. & Rutledge, David J.S., 1977. "A Quarterly Model Of The Australian Agricultural Sector," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 21(3), pages 1-12, December.
    3. Arzac, Enrique R., 1979. "An Econometric Evaluation Of Stabilization Policies For The U.S. Grain Market," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(1), pages 1-14, July.
    4. Lee, Tsoung-Chao & Seaver, Stanley K., 1980. "Forecasts Of Farm Animal Production In The New England States And In The U.S," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 9(1), pages 1-6, April.
    5. Hansen, James Mark, 2000. "Agricultural and trade policy reform in Mexico: PROCAMPO, NAFTA, and pre-GATT," ISU General Staff Papers 2000010108000014902, Iowa State University, Department of Economics.
    6. Devadoss, S., 1985. "The impacts of monetary policies on US agriculture," ISU General Staff Papers 198501010800008837, Iowa State University, Department of Economics.
    7. Debertin, David L. & Freund, R. J., 1975. "The Deletion of Variables From Regression Models Based on Tests of Significance: A Statistical and Moral Issue," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 7(1), pages 211-216, July.
    8. Junghare, Yashwant N. & Stelly, Randall & Wilson, Robert R., 1972. "Import Demand For Rice In The Eec: Implications Of U.S. Market Promotion," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 4(1), pages 1-6, July.

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