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AAEA News | Monday, July 25, 2016
AAEA Trust

Thanks to the LILMI Travel Grant awarded by AAEA to few other economists, I was able to learn about Uma Lele mentor fellowship which encourages research collaboration with members at the Annual Meetings.

Rajib Sutradhar
Jawaharlal Nehru University
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President's Message

Jill McCluskey

Jill McCluskey
AAEA President

July 2016

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.

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