This article examines the role of agriculture in economic development in three Asian countries Japan, Korea, and Taiwan Agricultural output increased substantially and agricultural exports were achieved at the initial stage of economic development on Japan and Taiwan In Korea, however,...

Four strategies for farm growth are analyzed and compared on the basis of ownership, equity, and productive capacity achieved, and on the basis of resistance to adversity. The primary tool of analysis was a model utilizing a stochastic simulator interfaced with both ex ante and ex post linear...

This article investigates the possibilities of including policy choices directly into a sector model that simulates an economic equilibrium It uses a mathematical programming framework because these models have wide applicability in agricultural sector analysis The objective function is...

Variations in individual fann characteristics and behavior of farm operators are taken into account in a procedure for estimating production potentials of agricultural areas. The procedure combines sampling and programming techniques. It differs from the purely synthetic approach, or the...

Changes in productivity are usually associated With technology At the firm level, this is a natural way to think about productivity. However, in aggregate analysis, measures of productivity can change even when technology does not The measures change when the proportions of farms in stable...

The author modified a numerical procedure developed by Cox, Ross, and Rubinstein for valuing options on stocks to value options on commodity futures contracts The numerical procedure, unlike Black's widely used analytical approach, can include the value of early exercise in the option-premium...