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Transportation Costs In Econometric Models Of State Agricultural Sectors: The Case Of Beef In Hawaii

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  • Roberts, Roland K.

Abstract

Econometric models designed to show how national policies affect state agricultural sectors often use national prices as proxies for state prices. Consequently, they ignore the influence of freight rates on state production. An application to the Hawaii beef industry demonstrates that both freight rates and national beef prices have important impacts on Hawaii beef prices and production. By using state prices rather than national prices, error from changes in freight rates might be reduced, and the model's capacity for policy analysis might be broadened.

Suggested Citation

  • Roberts, Roland K., 1985. "Transportation Costs In Econometric Models Of State Agricultural Sectors: The Case Of Beef In Hawaii," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(01), pages 1-17, July.
    • Handle: RePEc:ags:wjagec:32522
    DOI: 10.22004/ag.econ.32522
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    References listed on IDEAS

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    1. Marc Nerlove, 1958. "Distributed lags and Estimation of Long-Run Supply and Demand Elasticities: Theoretical Considerations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(2), pages 301-310.
    2. Roberts, Roland K. & Vieth, Gary R. & Nolan, James C., Jr., 1984. "An Analysis Of The Impact Of Energy Price Escalations During The 1970s On Hawaii Beef Production And Prices," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(01), pages 1-16, July.
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