Risk and Returns of Diversified Cropping Systems Under Nonnormal, Cross-, and Autocorrelated Commodity Price Structures
This study analyzes the risks of diversified tropical cropping systems that combine cocoa, plantain, and tree-crop components in different proportions versus traditional monocultures. A technique for modeling the expected values, variances, and covariances of correlated time-series variables that are autocorrelated and nonnormal (right or left skewed and kurtotic) is applied to simulate commodity prices. The importance of using simulated cumulative density functions (cdf's) which reflect the most important characteristics of the stochastic behavior of prices for analyzing risk and returns of diversified agricultural systems is demonstrated. The analysis priovides evidence in favor of diversified cocoa-plantain-Cordia agroforestry system technologies versus the traditional monocultures. This study analyzes the risks of diversified tropical cropping systems that combine cocoa, plantain, and tree-crop components in different proportions versus traditional monocultures. A technique for modeling the expected values, variances, and covariances of correlated time-series variables that are autocorrelated and nonnormal (right or left skewed and kurtotic) is applied to simulate commodity prices. The importance of using simulated cumulative density functions (cdf's) which reflect the most important characteristics of the stochastic behavior of prices for analyzing risk and returns of diversified agricultural systems is demonstrated. The analysis priovides evidence in favor of diversified cocoa-plantain-Cordia agroforestry system technologies versus the traditional monocultures.
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Format: | Texto biblioteca |
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Wisconsin (EUA): Western Agricultural Economics Association,
2000
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Subjects: | ANALISIS DE RIESGOS, SISTEMAS DE CULTIVO, SIMULACION, THEOBROMA CACAO, MUSA (PLATANOS), AGROFORESTERIA, DISEÑO EXPERIMENTAL, |
Online Access: | https://jareonline.org/articles/risk-and-returns-of-diversified-cropping-systems-under-nonnormal-cross-and-autocorrelated-commodity-price-structures/ |
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KOHA-OAI-BVE:1484082021-12-17T19:26:38ZRisk and Returns of Diversified Cropping Systems Under Nonnormal, Cross-, and Autocorrelated Commodity Price Structures 109102 Ramírez, O.A. Somarriba, Eduardo CATIE - Centro Agronómico Tropical de Investigación y Enseñanza, Turrialba, Costa Rica autores/as textWisconsin (EUA): Western Agricultural Economics Association,2000engpdfThis study analyzes the risks of diversified tropical cropping systems that combine cocoa, plantain, and tree-crop components in different proportions versus traditional monocultures. A technique for modeling the expected values, variances, and covariances of correlated time-series variables that are autocorrelated and nonnormal (right or left skewed and kurtotic) is applied to simulate commodity prices. The importance of using simulated cumulative density functions (cdf's) which reflect the most important characteristics of the stochastic behavior of prices for analyzing risk and returns of diversified agricultural systems is demonstrated. The analysis priovides evidence in favor of diversified cocoa-plantain-Cordia agroforestry system technologies versus the traditional monocultures. This study analyzes the risks of diversified tropical cropping systems that combine cocoa, plantain, and tree-crop components in different proportions versus traditional monocultures. A technique for modeling the expected values, variances, and covariances of correlated time-series variables that are autocorrelated and nonnormal (right or left skewed and kurtotic) is applied to simulate commodity prices. The importance of using simulated cumulative density functions (cdf's) which reflect the most important characteristics of the stochastic behavior of prices for analyzing risk and returns of diversified agricultural systems is demonstrated. The analysis priovides evidence in favor of diversified cocoa-plantain-Cordia agroforestry system technologies versus the traditional monocultures. Incluye 24 referencias bibliográficas en las páginas 667-667This study analyzes the risks of diversified tropical cropping systems that combine cocoa, plantain, and tree-crop components in different proportions versus traditional monocultures. A technique for modeling the expected values, variances, and covariances of correlated time-series variables that are autocorrelated and nonnormal (right or left skewed and kurtotic) is applied to simulate commodity prices. The importance of using simulated cumulative density functions (cdf's) which reflect the most important characteristics of the stochastic behavior of prices for analyzing risk and returns of diversified agricultural systems is demonstrated. The analysis priovides evidence in favor of diversified cocoa-plantain-Cordia agroforestry system technologies versus the traditional monocultures. This study analyzes the risks of diversified tropical cropping systems that combine cocoa, plantain, and tree-crop components in different proportions versus traditional monocultures. A technique for modeling the expected values, variances, and covariances of correlated time-series variables that are autocorrelated and nonnormal (right or left skewed and kurtotic) is applied to simulate commodity prices. The importance of using simulated cumulative density functions (cdf's) which reflect the most important characteristics of the stochastic behavior of prices for analyzing risk and returns of diversified agricultural systems is demonstrated. The analysis priovides evidence in favor of diversified cocoa-plantain-Cordia agroforestry system technologies versus the traditional monocultures. ANALISIS DE RIESGOSSISTEMAS DE CULTIVOSIMULACIONTHEOBROMA CACAOMUSA (PLATANOS)AGROFORESTERIADISEÑO EXPERIMENTALJournal of Agricultural and Resource Economics (EUA)https://jareonline.org/articles/risk-and-returns-of-diversified-cropping-systems-under-nonnormal-cross-and-autocorrelated-commodity-price-structures/ |
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ANALISIS DE RIESGOS SISTEMAS DE CULTIVO SIMULACION THEOBROMA CACAO MUSA (PLATANOS) AGROFORESTERIA DISEÑO EXPERIMENTAL ANALISIS DE RIESGOS SISTEMAS DE CULTIVO SIMULACION THEOBROMA CACAO MUSA (PLATANOS) AGROFORESTERIA DISEÑO EXPERIMENTAL |
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ANALISIS DE RIESGOS SISTEMAS DE CULTIVO SIMULACION THEOBROMA CACAO MUSA (PLATANOS) AGROFORESTERIA DISEÑO EXPERIMENTAL ANALISIS DE RIESGOS SISTEMAS DE CULTIVO SIMULACION THEOBROMA CACAO MUSA (PLATANOS) AGROFORESTERIA DISEÑO EXPERIMENTAL 109102 Ramírez, O.A. Somarriba, Eduardo CATIE - Centro Agronómico Tropical de Investigación y Enseñanza, Turrialba, Costa Rica autores/as Risk and Returns of Diversified Cropping Systems Under Nonnormal, Cross-, and Autocorrelated Commodity Price Structures |
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This study analyzes the risks of diversified tropical cropping systems that combine cocoa, plantain, and tree-crop components in different proportions versus traditional monocultures. A technique for modeling the expected values, variances, and covariances of correlated time-series variables that are autocorrelated and nonnormal (right or left skewed and kurtotic) is applied to simulate commodity prices. The importance of using simulated cumulative density functions (cdf's) which reflect the most important characteristics of the stochastic behavior of prices for analyzing risk and returns of diversified agricultural systems is demonstrated. The analysis priovides evidence in favor of diversified cocoa-plantain-Cordia agroforestry system technologies versus the traditional monocultures.
This study analyzes the risks of diversified tropical cropping systems that combine cocoa, plantain, and tree-crop components in different proportions versus traditional monocultures. A technique for modeling the expected values, variances, and covariances of correlated time-series variables that are autocorrelated and nonnormal (right or left skewed and kurtotic) is applied to simulate commodity prices. The importance of using simulated cumulative density functions (cdf's) which reflect the most important characteristics of the stochastic behavior of prices for analyzing risk and returns of diversified agricultural systems is demonstrated. The analysis priovides evidence in favor of diversified cocoa-plantain-Cordia agroforestry system technologies versus the traditional monocultures.
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format |
Texto |
topic_facet |
ANALISIS DE RIESGOS SISTEMAS DE CULTIVO SIMULACION THEOBROMA CACAO MUSA (PLATANOS) AGROFORESTERIA DISEÑO EXPERIMENTAL |
author |
109102 Ramírez, O.A. Somarriba, Eduardo CATIE - Centro Agronómico Tropical de Investigación y Enseñanza, Turrialba, Costa Rica autores/as |
author_facet |
109102 Ramírez, O.A. Somarriba, Eduardo CATIE - Centro Agronómico Tropical de Investigación y Enseñanza, Turrialba, Costa Rica autores/as |
author_sort |
109102 Ramírez, O.A. |
title |
Risk and Returns of Diversified Cropping Systems Under Nonnormal, Cross-, and Autocorrelated Commodity Price Structures |
title_short |
Risk and Returns of Diversified Cropping Systems Under Nonnormal, Cross-, and Autocorrelated Commodity Price Structures |
title_full |
Risk and Returns of Diversified Cropping Systems Under Nonnormal, Cross-, and Autocorrelated Commodity Price Structures |
title_fullStr |
Risk and Returns of Diversified Cropping Systems Under Nonnormal, Cross-, and Autocorrelated Commodity Price Structures |
title_full_unstemmed |
Risk and Returns of Diversified Cropping Systems Under Nonnormal, Cross-, and Autocorrelated Commodity Price Structures |
title_sort |
risk and returns of diversified cropping systems under nonnormal, cross-, and autocorrelated commodity price structures |
publisher |
Wisconsin (EUA): Western Agricultural Economics Association, |
publishDate |
2000 |
url |
https://jareonline.org/articles/risk-and-returns-of-diversified-cropping-systems-under-nonnormal-cross-and-autocorrelated-commodity-price-structures/ |
work_keys_str_mv |
AT 109102ramirezoa riskandreturnsofdiversifiedcroppingsystemsundernonnormalcrossandautocorrelatedcommoditypricestructures AT somarribaeduardocatiecentroagronomicotropicaldeinvestigacionyensenanzaturrialbacostaricaautoresas riskandreturnsofdiversifiedcroppingsystemsundernonnormalcrossandautocorrelatedcommoditypricestructures |
_version_ |
1756067836091957249 |