AGRICULTURAL DIVERSITY AND CASH RECEIPT VARIABILITY FOR INDIVIDUAL STATES

Loren W. Tauer and Tebogo Seleka

No 14764, Staff Papers from Cornell University, Department of Applied Economics and Management

Abstract: Changes in individual states' agricultural production diversity and variance of cash receipts were measured over the 30-year period 1960 through 1989. Diversity was measured using a general index, of which the inverse Herfindahl and the Entropy are special cases. Cash receipt variability was measured using a heteroscedasticity correction process. Although 38 states experienced an increase in cash receipt variability, only 14 states also experienced a decrease in diversification. Thus, it appears that an increase in cash receipt variability was not due to reduction in diversification for most states.

Keywords: Production; Economics (search for similar items in EconPapers)
Pages: 23
Date: 1994
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Citations: View citations in EconPapers (1)

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Working Paper: AGRICULTURAL DIVERSITY AND CASH RECEIPT VARIABILITY FOR INDIVIDUAL STATES (1993)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cudasp:14764

DOI: 10.22004/ag.econ.14764

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