MACROECONOMIC FACTORS AND THE THOROUGHBRED INDUSTRY

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dc.creatorKarungu, Peter
dc.creatorReed, Michael R.
dc.creatorTvedt, Douglas D.
dc.date2017-04-01T19:56:03Z
dc.date.accessioned2026-07-09T03:13:28Z
dc.descriptionA capitalization approach is used to estimate econometrically the effects of exchange rate, interest rate and tax law changes on thoroughbred yearling prices. The analysis found that exchange rate and tax law changes have significantly influenced yearling prices since the early 1980s. Another serious price-reducing event was the 1986 tax law change. Both of these factors have counteracted the positive impact of increased purse rates on yearling prices.
dc.identifierdoi:10.22004/ag.econ.15208
dc.identifierhttps://ageconsearch.umn.edu/record/15208/files/25010165.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/15208
dc.identifier.urihttp://hdl.handle.net/123456789/528743
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/15208
dc.titleMACROECONOMIC FACTORS AND THE THOROUGHBRED INDUSTRY
dc.typeText

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