Agricultural Investment Using Dynamic Models - Chabokrow, Gholamreza
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The purpose of this book is to develop an appropriate model for analyzing the effects of decoupling payments, non-government income, and wealth on agricultural investment. The conceptual framework informing the research is an improved Dynamic ex-ante Input Demand (DEID) model that was built on the basis of the cost of adjustment theory. In the DEID model, a general investment framework is presented where quasi-fixed inputs adjust to a new optimal position at a constant rate when input prices change under production uncertainty. The DEID model introduced in this book considers the effects of…mehr

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Produktbeschreibung
The purpose of this book is to develop an appropriate model for analyzing the effects of decoupling payments, non-government income, and wealth on agricultural investment. The conceptual framework informing the research is an improved Dynamic ex-ante Input Demand (DEID) model that was built on the basis of the cost of adjustment theory. In the DEID model, a general investment framework is presented where quasi-fixed inputs adjust to a new optimal position at a constant rate when input prices change under production uncertainty. The DEID model introduced in this book considers the effects of production uncertainty in dynamic investment models using the ex-ante cost and ex-ante supply functions. This book includes a review of duality theory, the cost minimization approach, static and dynamic models, adjustment cost hypothesis, ex-ante and ex-post cost functions, as well as definitions and implementation of decoupling payments. An improved theoretical dynamic model and econometric specification of DEID is presented.
Autorenporträt
Gholamreza Chabokrow ha conseguito la tesi di dottorato in Economia agraria presso l'Università di Saskatchewan, in Canada. I suoi interessi di ricerca includono lo sviluppo economico, l'economia della produzione e gli investimenti agricoli. Ha insegnato microeconomia, macroeconomia, economia dello sviluppo, economia ambientale, statistica e matematica.