Empirical Calibration of a Least-Cost Conservation Reserve Program



Table 2: Parameter Estimates

Variable

Value

Standard
error

1997

0.6508

0.0457***

1998

0.7022

0.0455***

1999

0.6385

0.0452***

2000

0.3020

0.0453***

ln Capital Price

0.3906

0.0024***

ln Labor Price

0.1652

0.0043***

ln Energy Price

0.0443

0.0029***

ln Materials Price

0.3999

0.0026***

ln Output

1.2021

0.0024***

ln Acres

-0.8756

0.1374***

ln Acres squared

0.0500

0.0105***

σ

0.4274_______

________0.3228*

Notes: The first four variables are year dummies.
Standard errors adjusted for county clustering and
and heteroskedasticity.

***Significantly greater than zero at 1-percent level.

*Significantly greater than zero at 10-percent level.

27



More intriguing information

1. Herman Melville and the Problem of Evil
2. The name is absent
3. Endogenous Determination of FDI Growth and Economic Growth:The OECD Case
4. Implementation of Rule Based Algorithm for Sandhi-Vicheda Of Compound Hindi Words
5. The name is absent
6. Outline of a new approach to the nature of mind
7. Demographic Features, Beliefs And Socio-Psychological Impact Of Acne Vulgaris Among Its Sufferers In Two Towns In Nigeria
8. Review of “From Political Economy to Economics: Method, the Social and Historical Evolution of Economic Theory”
9. FASTER TRAINING IN NONLINEAR ICA USING MISEP
10. Banking Supervision in Integrated Financial Markets: Implications for the EU