Government Payments To Farmers And Real Agricultural Asset Values In The 1980s
This study determines the effect of government payments on real agricultural asset values using Bayesian vector autoregression. In developing the empirical model, special attention is focused on the informational content of government payments. The results indicate that government payments to farmers have little effect on real asset values in the long run. In the short run, an increase in government payments to farmers may be associated with decline in asset values.
Volume (Year): 21 (1989)
Issue (Month): 02 (December)
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- Moss, Charles B. & Baker, Timothy G. & Brorsen, B. Wade, 1987. "Effects Of The Macroeconomic Environment On Agricultural Prices In The Early 1980s," Proceedings: 1987 Regional Committee NC-161, October 6-7, 1987, Denver, Colorado 127294, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
- Burbidge, John & Harrison, Alan, 1984.
"Testing for the Effects of Oil-Price Rises Using Vector Autoregressions,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(2), pages 459-84, June.
- John Burbidge & Alan Harrison, 1982. "Testing for the Effects of Oil-Price Rises Using Vector Autoregressions," School of Economics Working Papers 1982-01, University of Adelaide, School of Economics.
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