AGRICULTURAL POLICY UNCERTAINTY AND ANTICIPATORY FIRM LEVEL ADJUSTMENTS

Carl-Johan Lagerkvist

No 21734, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper investigates, through a dynamic stochastic adjustment model the extent to which an active agricultural policy can be the source of volatility in agricultural investment. It is shown that noise in formulation of agricultural policy has adverse effects even in cases where earlier results would take that investment is increased.

Keywords: Agricultural and Food Policy; Financial Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 27
Date: 2000
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea00:21734

DOI: 10.22004/ag.econ.21734

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