Barry K. Goodwin, Roderick Rejesus, Ardian Harri, Keith Coble
We estimate directional anisotropic models of linear correlation for crop yields. We find that directional distances (i.e., the degree to which yield correlation decays depending on direction) tend to differ from one another, with east to west distances being “longer” than north to south distances (i.e., correlation tends to decline slower in the east to west direction), at least for the major crops of corn and soybeans. Results for wheat are somewhat ambiguous. However, in all cases, average yield aggregates made up of east to west linked counties tend to be more accurate than is the case for north to south linkages. Implications for rating and contract design in the US area yield federal crop insurance program are offered.
{"title":"Directional aspects of crop yield correlation: Implications for insurance rating and contract design","authors":"Barry K. Goodwin, Roderick Rejesus, Ardian Harri, Keith Coble","doi":"10.1002/jaa2.136","DOIUrl":"https://doi.org/10.1002/jaa2.136","url":null,"abstract":"<p>We estimate directional anisotropic models of linear correlation for crop yields. We find that directional distances (i.e., the degree to which yield correlation decays depending on direction) tend to differ from one another, with east to west distances being “longer” than north to south distances (i.e., correlation tends to decline slower in the east to west direction), at least for the major crops of corn and soybeans. Results for wheat are somewhat ambiguous. However, in all cases, average yield aggregates made up of east to west linked counties tend to be more accurate than is the case for north to south linkages. Implications for rating and contract design in the US area yield federal crop insurance program are offered.</p>","PeriodicalId":93789,"journal":{"name":"Journal of the Agricultural and Applied Economics Association","volume":"3 4","pages":"604-617"},"PeriodicalIF":0.0,"publicationDate":"2024-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/jaa2.136","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142868437","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We use rich spatial data on observed crop choices and ethanol production to estimate the local impacts of ethanol plants and the overall impact of the 2007 US Renewable Fuel Standard (the RFS2) on crop patterns. We find that the RFS2 increased total corn area by 9.7%, corn monoculture by 16.8%, and soybean area by 6.7%, with notable spatial heterogeneity in both the overall impact and the local effects of ethanol plants. The results indicate an RFS2-induced shift in the geography of corn and soybean cultivation within the Corn Belt—intensification in the core, and significant expansion near the periphery.
{"title":"Major impacts of the US Renewable Fuel Standard on corn and soybean cultivation","authors":"T. Jake Smith, GianCarlo Moschini","doi":"10.1002/jaa2.134","DOIUrl":"https://doi.org/10.1002/jaa2.134","url":null,"abstract":"<p>We use rich spatial data on observed crop choices and ethanol production to estimate the local impacts of ethanol plants and the overall impact of the 2007 US Renewable Fuel Standard (the RFS2) on crop patterns. We find that the RFS2 increased total corn area by 9.7%, corn monoculture by 16.8%, and soybean area by 6.7%, with notable spatial heterogeneity in both the overall impact and the local effects of ethanol plants. The results indicate an RFS2-induced shift in the geography of corn and soybean cultivation within the Corn Belt—intensification in the core, and significant expansion near the periphery.</p>","PeriodicalId":93789,"journal":{"name":"Journal of the Agricultural and Applied Economics Association","volume":"3 3","pages":"584-599"},"PeriodicalIF":0.0,"publicationDate":"2024-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/jaa2.134","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142244436","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article exploits a sharp age cutoff for eligibility of a nationwide senior citizen allowance program in Nepal to show that a universal social protection increased the likelihood of receiving financial assistance among the elderly, but did not improve food consumption. Eligible females are 8.8 percentage points more likely to eat fewer meals induced by inadequate resources and 5.3 percentage points more likely to sleep hungry in response to inadequate food. This adverse effect is driven by multi-generational households with young children, implying that the program exacerbated gender disparities in food security through changes in household size and childcare duties.
{"title":"Universal social protection and gender disparities in food security: Insights from Nepal","authors":"Jayash Paudel","doi":"10.1002/jaa2.135","DOIUrl":"https://doi.org/10.1002/jaa2.135","url":null,"abstract":"<p>This article exploits a sharp age cutoff for eligibility of a nationwide senior citizen allowance program in Nepal to show that a universal social protection increased the likelihood of receiving financial assistance among the elderly, but did not improve food consumption. Eligible females are 8.8 percentage points more likely to eat fewer meals induced by inadequate resources and 5.3 percentage points more likely to sleep hungry in response to inadequate food. This adverse effect is driven by multi-generational households with young children, implying that the program exacerbated gender disparities in food security through changes in household size and childcare duties.</p>","PeriodicalId":93789,"journal":{"name":"Journal of the Agricultural and Applied Economics Association","volume":"3 4","pages":"618-632"},"PeriodicalIF":0.0,"publicationDate":"2024-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/jaa2.135","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142868438","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper revisits the 2008 paper in Food Policy, “Governance and agricultural productivity: A cross-national analysis.” We estimate a country-level production function to assess the relationship between institutional indicators and agricultural production. We extend the analysis to a 22-year panel and use different functional forms. We test whether the governance and agricultural production effect varies across high and low-income countries. To check whether the choice of institutional measure drives the findings, we use two alternative indices. Our findings confirm the role of governance and institutions with quantitative differences in the estimates. We further discuss these and other heterogeneity in the paper.
{"title":"Revisiting the role of governance and institutions on agricultural production","authors":"Jessie Lin, Dela-Dem Doe Fiankor, Gabriel Rosero","doi":"10.1002/jaa2.132","DOIUrl":"https://doi.org/10.1002/jaa2.132","url":null,"abstract":"<p>This paper revisits the 2008 paper in Food Policy, “Governance and agricultural productivity: A cross-national analysis.” We estimate a country-level production function to assess the relationship between institutional indicators and agricultural production. We extend the analysis to a 22-year panel and use different functional forms. We test whether the governance and agricultural production effect varies across high and low-income countries. To check whether the choice of institutional measure drives the findings, we use two alternative indices. Our findings confirm the role of governance and institutions with quantitative differences in the estimates. We further discuss these and other heterogeneity in the paper.</p>","PeriodicalId":93789,"journal":{"name":"Journal of the Agricultural and Applied Economics Association","volume":"3 3","pages":"556-571"},"PeriodicalIF":0.0,"publicationDate":"2024-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/jaa2.132","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142244273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Despite extensive research on retailers' price responses to demand shocks, much less is known about their non-price responses. Using heterogeneity in timing, location, and magnitude of income and wealth shocks associated with the 2008 Great Recession, we explore how US retail stores adjusted product offerings under local demand shocks. We find that stores offer fewer products and varieties besides lowering prices. Using a structural demand model, we quantify the net welfare impact of the price and assortment adjustments. On average, the consumer welfare losses from variety reduction more than offset the welfare gains from price reductions.
{"title":"Retail assortment under demand shocks: Evidence from the US yogurt market","authors":"Meilin Ma, Fei Qin, Jayson L. Lusk","doi":"10.1002/jaa2.130","DOIUrl":"https://doi.org/10.1002/jaa2.130","url":null,"abstract":"<p>Despite extensive research on retailers' price responses to demand shocks, much less is known about their non-price responses. Using heterogeneity in timing, location, and magnitude of income and wealth shocks associated with the 2008 Great Recession, we explore how US retail stores adjusted product offerings under local demand shocks. We find that stores offer fewer products and varieties besides lowering prices. Using a structural demand model, we quantify the net welfare impact of the price and assortment adjustments. On average, the consumer welfare losses from variety reduction more than offset the welfare gains from price reductions.</p>","PeriodicalId":93789,"journal":{"name":"Journal of the Agricultural and Applied Economics Association","volume":"3 3","pages":"522-536"},"PeriodicalIF":0.0,"publicationDate":"2024-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/jaa2.130","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142244604","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The small-sample properties of robust, binary choice willingness-to-pay (WTP) estimators are analyzed. A Monte Carlo simulation compares the bias and mean-squared error of marginal and expected WTP estimates from probit, zero-centered