Klaus W. Deininger, World Bank; Jikun Huang, Peking University; Madhu Khanna, University of Illinois at Urbana-Champaign; John A. Miranowski, Iowa State University; and JunJie Wu, Oregon State University, have been named as AAEA's 2016 Fellows!
Posted: June 20, 2016
Joleen Hadrich talks about how she got interested in the profession, how AAEA has been great for her, and she gives some advice for up and coming professionals.
In closing out my Presidential year, I am optimistic about the vibrant direction and impacts of our research as agricultural and applied economists. I am simultaneously appreciative of the foundations that were laid by those who came before me and the innovations of those going forward. Agricultural and applied economics started as the problem-driven study of farm economics and farm management. In studying these areas, agricultural economics researchers were the first applied econometricians. Working’s 1926 paper on statistical demand analysis is considered a seminal article in the field of demand and price analysis. The study of differentiated products, and specifically hedonic methods, is traced to Waugh’s 1928 analysis of quality in vegetable markets. Empirical innovations remain a major thrust of our research as a profession. As Jayson Lusk will discuss in his upcoming Presidential Address, agricultural and applied economists are well-positioned to contribute research in top economics journals as published contributions become increasingly empirical, partly in response to growing data quality and availability. With increased computing power and access to big data, it is possible to conduct more granular analyses, and obtain results that attain a closer fit to the real world. Thus, the impact of such analyses can potentially be greater.