AGRICULTURAL POLICY UNCERTAINTY AND ANTICIPATORY FIRM LEVEL ADJUSTMENTS

This paper investigates, through a dynamic stochastic adjustment model the extent to which an active agricultural policy can be the source of volatility in agricultural investment. It is shown that noise in formulation of agricultural policy has adverse effects even in cases where earlier results would take that investment is increased.


Issue Date:
2000
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/21734
Total Pages:
27
JEL Codes:
D8; E2; H20; Q18
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-24

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