THE EVOLUTION OF AGRICULTURAL SOIL QUALITY: A METHODOLOGY FOR MEASUREMENT AND SOME LAND MARKET IMPLICATIONS

Kwansoo Kim, Bradford L. Barham and Ian Coxhead

No 20889, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: We apply two innovative econometric approaches to crop trials data to examine effects of rotations and fertilizer use on dynamics of soil quality and corn yields. First, we develop a random coefficients model of yield responses to nitrogen fertilizer and rotations to evaluate both short- and long-run substitutability of N fertilizer for rotation. Second, we construct a dynamic structural model to explicitly recover an indirect but general measure of soil quality. The results yield insights about optimal soil-conserving investments under asymmetric information.

Keywords: Land Economics/Use; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 14
Date: 1998
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Citations: View citations in EconPapers (1)

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Working Paper: The Evolution of Agricultural Soil Quality: A methodology for measurement and some land market implications (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20889

DOI: 10.22004/ag.econ.20889

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