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Author Zaloshnja, Eduard X. ♦ Taylor, Daniel B. ♦ Mcguirk, Anya M. ♦ Norton, George W. ♦ Mcdowell, George R. ♦ Litlefield, James E.
Source CiteSeerX
Content type Text
File Format PDF
Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Subject Keyword Prospect Policy Improvement ♦ Semi-commercial Farm Household Model ♦ Government Policy ♦ Input Price ♦ Overall Objective ♦ Agricultural Production ♦ First Model ♦ Empirical Model ♦ Specific Goal ♦ Taylor Series Approximation Convergence Test ♦ Well-known Indirect Profit Function Model ♦ Homogeneity Condition ♦ Different Theoretical Approach ♦ Empirical Application ♦ Short-run Supply Response ♦ Itsur Procedure ♦ Empirical Estimate ♦ Effect Output ♦ Common Practice ♦ Joint Rao ♦ Quadratic Functional Form ♦ Albanian Agriculture ♦ Profit Function ♦ Traditional Approach
Abstract The overall objective of this study is to develop a framework to predict the impacts of government policies on agricultural production in Albania. The specific goal of this study is to provide some empirical estimates of the farmers ' short-run supply response to government policies that effect output and input prices. Different theoretical approaches to integrating the questions this study purports to answer were considered. Two models were deemed as most appropriate for Albanian agriculture. The first is a semi-commercial farm household model and the second is the well-known indirect profit function model. The first model was preferred. However, the second was used instead, due to the lack of information necessary for an empirical application of the semi-commercial farm household model. A quadratic functional form was selected to approximate the profit function. It satisfied the Taylor series approximation convergence test. Two approaches were used to estimate the empirical model. In the first, the traditional approach, the symmetry and homogeneity conditions were imposed beforehand and then the system of equations was estimated using the ITSUR procedure in SAS. Following common practice, a joint Rao
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study
Publisher Date 1997-01-01