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Welfare analysis and bootstrapping

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  • Stelios Katranidis
  • Gregory Kordas
  • Kostas Velentzas

Abstract

This paper examines the effects of the entry and the 1992 CAP reform on maize producers' welfare and on economic efficiency. This welfare analysis used a bootstrap resampling technique that provided standard errors and confidence intervals for the estimates. These empirical analysis has shown that the price-policy induced changes in farmers' economic welfare were significant at commonly used levels of statistical significance.

Suggested Citation

  • Stelios Katranidis & Gregory Kordas & Kostas Velentzas, 2003. "Welfare analysis and bootstrapping," Applied Economics Letters, Taylor & Francis Journals, vol. 10(6), pages 335-338.
    • Handle: RePEc:taf:apeclt:v:10:y:2003:i:6:p:335-338
    DOI: 10.1080/1350485022000041014
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    References listed on IDEAS

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    1. Marc Nerlove, 1956. "Estimates of the Elasticities of Supply of Selected Agricultural Commodities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 38(2), pages 496-509.
    2. Elamin H. Elbasha, 1997. "The Calculation of Research Benefits with Linear and Nonlinear Specifications of Demand and Supply: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1363-1367.
    3. Jan P. Voon & Geoff W. Edwards, 1991. "The Calculation of Research Benefits with Linear and Nonlinear Specifications of Demand and Supply Functions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 415-420.
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    Cited by:

    1. Dadakas, Dimitrios & Katranidis, Stelios D., 2006. "MFA Quotas Elimination: the Case of Cotton Yarn in Greece - a Multi-Market vs. a Single Market Analysis," 2006 Annual meeting, July 23-26, Long Beach, CA 21390, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Dimitrios Dadakas & Stelios D Katranidis & David S. Bullock, 2009. "On the effects of technology improvements in multi-market models: Theory and evidence," Discussion Paper Series 2009_04, Department of Economics, University of Macedonia, revised Mar 2009.
    3. Stephen Keef & Melvin Roush, 2007. "Daily weather effects on the returns of Australian stock indices," Applied Financial Economics, Taylor & Francis Journals, vol. 17(3), pages 173-184.
    4. Dimitrios Dadakas & Stelios D. Katranidis, 2010. "The Effects of Trade Liberalization in Textiles and Clothing on the Greek Market for Cotton Yarn: A Multi‐Market Analysis," Review of International Economics, Wiley Blackwell, vol. 18(1), pages 138-152, February.

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