TESTING HYPOTHESIS ON THE RELATIVE SIZE OF THE COEFFICIENTS IN REGRESSION MODELS

Research Methods/ Statistical Methods,

THE DEMAND FOR COTTON IN INDIA, 1952-1968

Crop Production/Industries, Demand and Price Analysis,

AN ALLOCATION MODEL FOR CONSUMER EXPENDITURES

The Rotterdam model, a complete consumer demand system, was fitted to personal consumption expenditure data for 1949-77 to study the interaction of consumer expenditures A full matrix of direct and cross price elasticities and income elasticities was estimated The 12 categories of expenditures were food at home, food away from home, alcohol and tobacco, clothing, housing, utilities, transportation, medical, durables, other nondurables, services, and miscellaneou

TECHNIQUES TO MEASURE SOCIAL BENEFITS AND COSTS IN AGRICULTURE: A SURVEY

Development is traced of the concepts of consumer's and producer's surplus, and the uses and limitations of these concepts for public policy analysis are examined. The applications to price stabilization and policy programs are surveyed. The use of decision theory as an alternative to measurement of surplus is also examined

A Dynamic Model of the U.S. Tobacco Economy

A 14 equation recursive model is developed for (1) flue-cured acreage, (2) burley acreage, (3) flue-cured price, (4) burley price, and (5) consumer demand for cigarettes. The coefficients are estimated using data for 1954-70. The reduced form and the impact multipliers are derived. The multipliers are used to illustrate the impact of a 3.5-cent increase in the support rate for flue-cured tobacco. A comparison of the reduced-form estimated values with observed values of 14 endogenous variables showed a good fit for the model over the period studied

Input-Output Models and Technological Change: Some Explorations in Methodology

The 1963 input-output table is aggregated into a 20-sector table and additional sectors for flue-cured and burley tobacco are developed using different sources of data. Farm budget data are used to develop input vectors for flue-cured tobacco production at eight different levels of technology. Total requirements per $1 of change in final demand are calculated for each level of technology. The output multipliers for these technology levels are also calculated

FOOD DEMAND PATTERN IN THAILAND

The Rotterdam Model, a complete consumer demand system, was fitted to personal consumption expenditure data for Thailand for 1960-79 to study the pattern of food demand. A full, matrix of direct and cross price elasticities and income elasticities was estimated. The 10 categories of food were: rice and cereals; meat; fish; milk, cheese, and eggs; oils and fats; fruits and vegetables; sugar, preserves and confectionery; coffee, tea, and cocoa; other food; and beverages