THE EVOLUTION OF AGRICULTURAL SOIL QUALITY: A METHODOLOGY FOR MEASUREMENT AND SOME LAND MARKET IMPLICATIONS
Resource information
Date of publication
Décembre 1998
Resource Language
ISBN / Resource ID
AGRIS:US2016220902
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.
