Aggregate Agricultural Supply Response in Developing Countries

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

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Book Synopsis Aggregate Agricultural Supply Response in Developing Countries by : Maurice W. Schiff

Download or read book Aggregate Agricultural Supply Response in Developing Countries written by Maurice W. Schiff and published by World Bank Publications. This book was released on 1995 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Aggregate Agricultural Supply Response in Developing Countries

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Aggregate Agricultural Supply Response in Developing Countries by : Maurice Schiff

Download or read book Aggregate Agricultural Supply Response in Developing Countries written by Maurice Schiff and published by . This book was released on 2016 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Time series estimates can provide an accurate picture of past behavioral relations, but they are not an adequate basis for forecasting the impact of policy reform. They typically generate a downward-biased estimate of the response to a credible reform.Schiff and Montenegro review several studies of the aggregate agricultural supply response.Using both economic and econometric reasons, they argue that time series estimation typically generates a downward-biased estimate of the response to a credible reform.Even though time series estimates can provide an accurate picture of past behavioral relations, they do not provide an adequate basis for forecasting the impact of policy reform. This is especially true in developing countries, where policy reforms involve large changes and have included agricultural price reform, industrial trade liberalization, financial sector reform, and macroeconomic stabilization.Under those circumstances, parameter values obtained under the former policy regime have little relevance in the new regime.Schiff and Montenegro also argue that investments in public goods should be viewed as complementary to, not competitive with, price policy.They claim that to select the policy with the biggest impact on output makes no sense. They provide what they consider to be better criteria for choosing the best from alternative policies.This paper - a product of the International Trade Division, International Economics Department - is part of a larger effort in the department to understand the impact of policy reforms.

Aggregate Agricultural Supply Response in Developing Countries

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis Aggregate Agricultural Supply Response in Developing Countries by : Maurice Schiff

Download or read book Aggregate Agricultural Supply Response in Developing Countries written by Maurice Schiff and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: July 1995 Time series estimates can provide an accurate picture of past behavioral relations, but they are not an adequate basis for forecasting the impact of policy reform. They typically generate a downward-biased estimate of the response to a credible reform. Schiff and Montenegro review several studies of the aggregate agricultural supply response. Using both economic and econometric reasons, they argue that time series estimation typically generates a downward-biased estimate of the response to a credible reform. Even though time series estimates can provide an accurate picture of past behavioral relations, they do not provide an adequate basis for forecasting the impact of policy reform. This is especially true in developing countries, where policy reforms involve large changes and have included agricultural price reform, industrial trade liberalization, financial sector reform, and macroeconomic stabilization. Under those circumstances, parameter values obtained under the former policy regime have little relevance in the new regime. Schiff and Montenegro also argue that investments in public goods should be viewed as complementary to, not competitive with, price policy. They claim that to select the policy with the biggest impact on output makes no sense. They provide what they consider to be better criteria for choosing the best from alternative policies. This paper--a product of the International Trade Division, International Economics Department--is part of a larger effort in the department to understand the impact of policy reforms.

Estimating the Aggregate Agricultural Supply Response

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Estimating the Aggregate Agricultural Supply Response by : Rainer Thiele

Download or read book Estimating the Aggregate Agricultural Supply Response written by Rainer Thiele and published by . This book was released on 2000 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

How Prices and Macroeconomic Policies Affect Agricultural Supply and the Environment

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4./5 ( download)

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Book Synopsis How Prices and Macroeconomic Policies Affect Agricultural Supply and the Environment by : Nlandu Mamingi

Download or read book How Prices and Macroeconomic Policies Affect Agricultural Supply and the Environment written by Nlandu Mamingi and published by World Bank Publications. This book was released on 1996 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Estimation of Aggregate Agricultural Supply Response

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Publisher :
ISBN 13 :
Total Pages : 89 pages
Book Rating : 4.:/5 (77 download)

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Book Synopsis Estimation of Aggregate Agricultural Supply Response by : Hans P. Binswanger

Download or read book Estimation of Aggregate Agricultural Supply Response written by Hans P. Binswanger and published by . This book was released on 1985 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Supply Response in the Context of Structural Adjustment in Sub-Saharan Africa

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Supply Response in the Context of Structural Adjustment in Sub-Saharan Africa by : T. Ademola Oyejide

Download or read book Supply Response in the Context of Structural Adjustment in Sub-Saharan Africa written by T. Ademola Oyejide and published by . This book was released on 1990 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Agriculture and Economic Development

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Publisher :
ISBN 13 :
Total Pages : 400 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Agriculture and Economic Development by : Subrata Ghatak

Download or read book Agriculture and Economic Development written by Subrata Ghatak and published by . This book was released on 1984 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structure and characteristics of agriculture in LDCs; Role of agriculture in economic development; Theory of rent and the concept of "surplus"; Agriculture in dualistic development models; Resource use efficiency and technical change in peasant agriculture; Supply response; Institutional constraints on agricultural development and remedial policies; Population and food supplies; Agriculture and international trade; Planning agricultural development.

Structural Adjustment & Agriculture

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Publisher : Overseas Development Institute (ODI)
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Structural Adjustment & Agriculture by : Simon Commander

Download or read book Structural Adjustment & Agriculture written by Simon Commander and published by Overseas Development Institute (ODI). This book was released on 1989 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Each Grade includes a colourful Workbook (Grades 1 to 3) or Pupils' Book (Grade 4 to 6) using familar examples from daily Jamaican life. Each book is supported by a Teacher's Guide.

Integration of Food and Agricultural Policy with Macroeconomic Policy

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Publisher : Food & Agriculture Org.
ISBN 13 : 9789251032749
Total Pages : 90 pages
Book Rating : 4.0/5 (327 download)

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Book Synopsis Integration of Food and Agricultural Policy with Macroeconomic Policy by : Roger D. Norton

Download or read book Integration of Food and Agricultural Policy with Macroeconomic Policy written by Roger D. Norton and published by Food & Agriculture Org.. This book was released on 1992 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Technical Change in Agriculture and Land Degradation in Developing Countries

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Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Technical Change in Agriculture and Land Degradation in Developing Countries by : Ian A. Coxhead

Download or read book Technical Change in Agriculture and Land Degradation in Developing Countries written by Ian A. Coxhead and published by . This book was released on 1993 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Risky Agricultural Markets

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Publisher : CRC Press
ISBN 13 : 1000238342
Total Pages : 142 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Risky Agricultural Markets by : Pasquale L Scandizzo

Download or read book Risky Agricultural Markets written by Pasquale L Scandizzo and published by CRC Press. This book was released on 2019-07-11 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows how decisions made by individual farmers influence the efficiency of agricultural markets. Unless farmers properly take account of the correlation between prices and yields in forming their price forecasts, competitive markets will often be socially inefficient, leading to misallocation of resources. The authors demonstrate that a simple and practical price forecasting rule, based on expected per unit revenue, is generally adequate to ensure efficient market behavior.Time-series data from various countries are used to test the hypothesis that market supply is influenced by the correlation of price and yield as well as by lagged market prices . The importance of market inefficiencies in risky situations is shown to, depend on the variability of yields, the nature of farmers'price forecasting behavior, the degree of private risk aversion,and the elasticity of demand. The authors suggest and evaluate three basic policy approaches governments may take when confronted with very inefficient markets--establishing production quotas, improving market information services, and implementing price stabilization schemes. They conclude by discussing implications of the study for the specification of agricultural supply models and for the economic appraisal of risky investment projects.

Agricultural Supply Response to Trade and Exchange Rate Reforms in Nigeria

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Publisher : GRIN Verlag
ISBN 13 : 3668831777
Total Pages : 209 pages
Book Rating : 4.6/5 (688 download)

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Book Synopsis Agricultural Supply Response to Trade and Exchange Rate Reforms in Nigeria by : Abidemi Abiola

Download or read book Agricultural Supply Response to Trade and Exchange Rate Reforms in Nigeria written by Abidemi Abiola and published by GRIN Verlag. This book was released on 2018-11-09 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2017 in the subject Agrarian Studies, University of Ibadan (Department of Economics), course: Economics, language: English, abstract: The study was anchored on theories of production and supply response. A Nerlovian supply response model (1956) as modified by Karbasi and Tavana (2008) which captures the impact of trade and exchange rate reforms on agricultural commodities prices and outputs, and with acreage cultivated, labour and cost of agricultural machinery as control variables was explored. Major cash crops (cocoa, palm produce, palm kernel, groundnuts, rubber and cotton) and food (cassava, maize, yam and rice accounting for 28.0% of the 40.0% of staple food output) were purposively selected. Data were collected from the World Trade Organisation Trade Statistics, World Bank UN-COMTRADE statistics and World Development Indicators; Food and Agricultural Organisation Year Book Statistics and Agricultural Market Access Database; Central bank of Nigeria’s Statistical Bulletin and National Bureau of Statistics Annual Abstracts of Statistics. A Structural Vector Autoregression model was estimated via the generalized Impulse response functions and variance decomposition estimation techniques. All estimates were validated at p≤0.05. Trade policy shifted from a restrictive regime in 1970 to a liberalized regime starting from1995. Exchange rate policy similarly moved from a fixed regime in 1970 to a managed/float regime from 1986 to 2013. These reforms had diverse significant effects on both the prices and outputs of all sampled agricultural commodities. Trade effect was positive for palm kernel, cotton, rubber and cassava, while negative for the others. The effects were permanent across the ten commodities, while the elasticities for all the commodities range between 0.002 and 0.05. Exchange rate effect was positive for palm kernel, cotton, maize and rice, while negative for the others. The effects were also permanent except for rubber which was transitory, while elasticities for the commodities range between 0.1 and 2.3. On aggregate, the cost of machinery was found to be negatively related to the commodities outputs. A percentage increase in the cost of machinery brings about a 15.0 percent decline in output. Land and labour were positively and negatively related to output, respectively. An additional acre of land cultivation increased aggregate supply by 31.1%, while an increase in the use of labour decreased output by 19.0%. Trade and exchange rate reforms were critical in explaining the supply responses of sampled commodities, hence, the need for favourable and stable reforms.

Food Price Volatility and Its Implications for Food Security and Policy

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Publisher : Springer
ISBN 13 : 3319282018
Total Pages : 620 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Food Price Volatility and Its Implications for Food Security and Policy by : Matthias Kalkuhl

Download or read book Food Price Volatility and Its Implications for Food Security and Policy written by Matthias Kalkuhl and published by Springer. This book was released on 2016-04-12 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.

Open Economies

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Publisher : Cambridge University Press
ISBN 13 : 9780521420563
Total Pages : 350 pages
Book Rating : 4.4/5 (25 download)

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Book Synopsis Open Economies by : Ian Goldin

Download or read book Open Economies written by Ian Goldin and published by Cambridge University Press. This book was released on 1992-05-28 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the interaction between macroeconomic and agricultural sector reforms in developing and East European economies.

Infrastructure, Relative Prices and Agricultural Adjustment

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Infrastructure, Relative Prices and Agricultural Adjustment by : Riccardo Faini

Download or read book Infrastructure, Relative Prices and Agricultural Adjustment written by Riccardo Faini and published by . This book was released on 1991 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Real Overvaluation, Terms of Trade Shocks, and the Cost to Agriculture in Sub-Saharan Africa

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4./5 ( download)

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Book Synopsis Real Overvaluation, Terms of Trade Shocks, and the Cost to Agriculture in Sub-Saharan Africa by : Ibrahim Elbadawi

Download or read book Real Overvaluation, Terms of Trade Shocks, and the Cost to Agriculture in Sub-Saharan Africa written by Ibrahim Elbadawi and published by World Bank Publications. This book was released on 1992 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The observed decline of agriculture and the general worsening of economic conditions in Sub-Saharan Africa are linked to economic distortions, which limit growth.