The purpose of this publication is explore some of the implications of recent work dealing with duality, elasticities of substitution, and translog specifications of production functions for agricultural research. These theoretical developments have a broad-based applicability to research in...

The objective of this paper is to develop a model of the U.S. fertilizer industry, containing equations representing the supply, demand, price, imports, and exports of fertilizer products (both aggregate and specific). The model will be empirically estimated, and parameter estimates used to...

In this paper we determine the extent to which information about the comparative importance of major sectors of a state's economy can improve the ability to forecast compound annual growth rates in personal income. We first calculate compound growth rates in disposable personal income per capita...

This paper develops an econometric model of petroleum discovery and extraction. Impacts of three selected price policies for petroleum are analyzed with the model. Higher oil prices do encourage additional domestic oil exploration and extraction.

An empirical analysis reveals that states with more highly educated populations have better environmental conditions, after controlling for income, population density, and industrial composition. The strategy of raising human capital stocks to maintain or improve environmental quality is...

This study examines the effects of price incentives on the availability of petroleum. Expected sustained higher crude oil prices to domestic producers constitute an incentive to increase both exploratory drilling and secondary and tertiary recovery of oil as well as production out of reserves....