This paper offers a synthesis of agricultural household modeling, its evolution and uses; presents a general yet simple agricultural household model, estimated with Mexican village data and programmed using General Algebraic Modeling System (GAMS) software; and uses this model to explore household-level impacts of agricultural policy changes on production and incomes under alternative rural-mar...

In the literature of new trade theory, most studies have dealt with industrial location by imposing an assumption of free transportation in the agricultural sector. We explicitly incorporate arbitrary transport costs in both the manufacturing and agricultural sectors into the Helpman-Krugman-Davis model of two countries and one production factor. The following results are obtained. First, we fi...

The study investigates the time-varying correlation between El Niño phenomenon and agricultural commodity markets by employing bootstrap full- sub-sample rolling-window Granger causality tests. We find that index (ENI) which measures intensity of phenomenon, has both positive negative impacts on prices (ACP). impact indicates may reduce output agriculture commodities, resulting in supply shorta...

Farmland values are affected by numerous factors, including farm policy, shifts in demand for agricultural output both foreign and domestic, monetary policy and urban pressure. In this study we use an information measure to examine whether the shift toward a more market-oriented policy in 1996 changed the relationship between farmland values and government payments. The results indicated that t...