Heterogeneous Technology And Panel Data The Case Of The Agricultural Production Function

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heterogeneous technology and panel data: the case of the agricultural production function

Author : Donald F. Larson
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4./5 ( download)

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Book Synopsis heterogeneous technology and panel data: the case of the agricultural production function by : Donald F. Larson

Download or read book heterogeneous technology and panel data: the case of the agricultural production function written by Donald F. Larson and published by World Bank Publications. This book was released on 2008 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The paper presents empirical analysis of a panel of countries to estimate an agricultural production function using a measure of capital in agriculture absent from most studies. The authors employ a heterogeneous technology framework where implemented technology is chosen jointly with inputs to interpret information obtained in the empirical analysis of panel data. The paper discusses the scope for replacing country and time effects by observed variables and the limitations of instrumental variables. The empirical results differ from those reported in the literature for cross-country studies, largely in augmenting the role of capital, in combination with productivity gains, as a driver of agricultural growth. The results indicate that total factor productivity increased at an average rate of 3.2 percent, accounting for 59 percent of overall growth. Most of the remaining gains stem from large inflows of fixed capital into agriculture. The results also suggest possible constraints to fertilizer use.

Heterogeneous Technology and Panel Data

Author : Yair Mundlak
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Heterogeneous Technology and Panel Data by : Yair Mundlak

Download or read book Heterogeneous Technology and Panel Data written by Yair Mundlak and published by . This book was released on 2016 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper presents empirical analysis of a panel of countries to estimate an agricultural production function using a measure of capital in agriculture absent from most studies. The authors employ a heterogeneous technology framework where implemented technology is chosen jointly with inputs to interpret information obtained in the empirical analysis of panel data. The paper discusses the scope for replacing country and time effects by observed variables and the limitations of instrumental variables. The empirical results differ from those reported in the literature for cross-country studies, largely in augmenting the role of capital, in combination with productivity gains, as a driver of agricultural growth. The results indicate that total factor productivity increased at an average rate of 3.2 percent, accounting for 59 percent of overall growth. Most of the remaining gains stem from large inflows of fixed capital into agriculture. The results also suggest possible constraints to fertilizer use.

Heterogeneous Technology and Panel Data

Author : Yair Mundlak
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Heterogeneous Technology and Panel Data by : Yair Mundlak

Download or read book Heterogeneous Technology and Panel Data written by Yair Mundlak and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper presents empirical analysis of a panel of countries to estimate an agricultural production function using a measure of capital in agriculture absent from most studies. The authors employ a heterogeneous technology framework where implemented technology is chosen jointly with inputs to interpret information obtained in the empirical analysis of panel data. The paper discusses the scope for replacing country and time effects by observed variables and the limitations of instrumental variables. The empirical results differ from those reported in the literature for cross-country studies, largely in augmenting the role of capital, in combination with productivity gains, as a driver of agricultural growth. The results indicate that total factor productivity increased at an average rate of 3.2 percent, accounting for 59 percent of overall growth. Most of the remaining gains stem from large inflows of fixed capital into agriculture. The results also suggest possible constraints to fertilizer use.

Highways to Success or Byways to Waste

Author : Rubaba Ali
Publisher : World Bank Publications
ISBN 13 : 146480656X
Total Pages : 214 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Highways to Success or Byways to Waste by : Rubaba Ali

Download or read book Highways to Success or Byways to Waste written by Rubaba Ali and published by World Bank Publications. This book was released on 2015-09-30 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Roads are the arteries through which the economy pulses. They connect sellers to markets, workers to jobs, students to education, and the sick to hospitals. Yet much of the developing world, Africa in particular, lacks adequate transportation infrastructure. Accordingly investments in transportation remain a cornerstone of the development agenda. Sub-Saharan Africa spends roughly $6.8 billion per year on paving roads, and the World Bank invests more on roads than on education, health, and social services combined. Despite the development focus on transportation, methodologies for evaluating which road projects to fund are often dis-jointed and unreliable. This report hopes to improve upon the current approaches by establishing a new methodology for prioritization which can be applied to a diverse set of scenarios, regions, and projects. This book demonstrates how modern econometrics and geospatial techniques can be combined to analyze the latest available geo-referenced datasets at the smallest possible scale to answer some of the most important questions in development. Uniquely this report attempts to shed light on some of the most profound puzzles in determining the impacts of roads and where to locate these. Does road infrastructure unleash a virtuous growth cycle? Is it advisable to improve roads in conflict prone zones? What is the effect of improving market access on farming practices? And what are the impacts of roads on forests and biodiversity? It is envisioned that the approach used in this book can be a reference guide to researchers from across the spectrum of international development, who are seeking new tools and insights into the many issues (technical and non-technical) of this important field.

Commodities

Author : H. Kent Baker
Publisher : Oxford University Press
ISBN 13 : 0190656034
Total Pages : 608 pages
Book Rating : 4.1/5 (96 download)

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Book Synopsis Commodities by : H. Kent Baker

Download or read book Commodities written by H. Kent Baker and published by Oxford University Press. This book was released on 2018-03-06 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commodities: Markets, Performance, and Strategies provides a comprehensive view of commodity markets by describing and analyzing historical commodity performance, vehicles for investing in commodities, portfolio strategies, and current topics. It begins with the basics of commodity markets and various investment vehicles. The book then highlights the unique risk and return profiles of commodity investments, along with the dangers from mismanaged risk practices. The book also provides important insights into recent developments, including high frequency trading, financialization, and the emergence of virtual currencies as commodities. Readers of Commodities: Markets, Performance, and Strategies can gain an in-depth understanding about the multiple dimensions of commodity investing from experts from around the world. Commodity markets can be accessed with products that create unique risk and return dynamics for investors worldwide. The authors provide insights in a range of areas, from the economics of supply and demand for individual physical commodities through the financial products used to gain exposure to commodities. The book balances useful practical advice on commodity exposure while exposing the reader to various pitfalls inherent in these markets. Readers interested in a basic understanding will benefit as will those looking for more in-depth presentations of specific areas within commodity markets. Overall, Commodities: Markets, Performance, and Strategies provides a fresh look at the myriad dimensions of investing in these globally important markets.

The Role of Smallholder Farms in Food and Nutrition Security

Author : Sergio Gomez y Paloma
Publisher : Springer Nature
ISBN 13 : 3030421481
Total Pages : 253 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis The Role of Smallholder Farms in Food and Nutrition Security by : Sergio Gomez y Paloma

Download or read book The Role of Smallholder Farms in Food and Nutrition Security written by Sergio Gomez y Paloma and published by Springer Nature. This book was released on 2020-01-01 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book discusses the current role of smallholders in connection with food security and poverty reduction in developing countries. It addresses the opportunities they enjoy, and the constraints they face, by analysing the availability, access to and utilization of production factors. Due to the relevance of smallholder farms, enhancing their production capacities and economic and social resilience could produce positive impacts on food security and nutrition at a number of levels. In addition to the role of small farmers as food suppliers, the book considers their role as consumers and their level of nutrition security. It investigates the link between agriculture and nutrition in order to better understand how agriculture affects human health and dietary patterns. Given the importance of smallholdings, strategies to increase their productivity are essential to improving food and nutrition security, as well as food diversity.

Structural change, fundamentals, and growth : a framework and case studies

Author : McMillan, Margaret
Publisher : Intl Food Policy Res Inst
ISBN 13 : 0896292142
Total Pages : 328 pages
Book Rating : 4.8/5 (962 download)

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Book Synopsis Structural change, fundamentals, and growth : a framework and case studies by : McMillan, Margaret

Download or read book Structural change, fundamentals, and growth : a framework and case studies written by McMillan, Margaret and published by Intl Food Policy Res Inst. This book was released on 2017-05-11 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

This Time They Are Different

Author : Mr.Markus Eberhardt
Publisher : International Monetary Fund
ISBN 13 : 1484309715
Total Pages : 55 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis This Time They Are Different by : Mr.Markus Eberhardt

Download or read book This Time They Are Different written by Mr.Markus Eberhardt and published by International Monetary Fund. This book was released on 2013-12-17 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis takes particular note of theoretical arguments and data considerations in modeling the debt-growth relationship as heterogeneous across countries. We investigate the issue of nonlinearities (debt thresholds) in both the cross-country and within-country dimensions, employing novel methods and diagnostics from the time-series literature adapted for use in the panel. We find some support for a nonlinear relationship between debt and long-run growth across countries, but no evidence for common debt thresholds within countries over time.

Macroeconomics, agriculture, and food security

Author : Díaz-Bonilla, Eugenio
Publisher : Intl Food Policy Res Inst
ISBN 13 : 0896298590
Total Pages : 644 pages
Book Rating : 4.8/5 (962 download)

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Book Synopsis Macroeconomics, agriculture, and food security by : Díaz-Bonilla, Eugenio

Download or read book Macroeconomics, agriculture, and food security written by Díaz-Bonilla, Eugenio and published by Intl Food Policy Res Inst. This book was released on 2015-10-27 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why write a book on macroeconomic policies and their links to agriculture and food security in developing countries? The food price spikes of the years just prior to 2010 and the economic, political, and social dislocations they generated refocused the attention of policymakers and development practitioners on the agricultural sector and food security concerns. But even without those traumatic events, the importance of agriculture for developing countries—and for an adequate functioning of the world economy— cannot be denied. First, although declining over time, primary agriculture still represents important percentages of developing countries’ overall domestic production, exports, and employment. If agroindustrial, transportation, commercial, and other related activities are also counted, then the economic and social importance of agriculture-based sectors increases significantly. Furthermore, large numbers of the world’s poor still live in rural areas and work in agriculture. Through the links via production, trade, employment, and prices, agricultural production is also crucial for national food security. Second, it has been shown that agriculture in developing countries has important growth and employment multipliers for the rest of the economy, and agriculture seems to have larger positive effects in reducing poverty than growth in other sectors. Third, agriculture is not only important for individual developing countries, but it has global significance, considering the large presence of developing countries in world agricultural production and the increasing participation in international trade of those products (these three points will be covered in greater detail in Chapter 1).

Biofuels, Food Security, and Developing Economies

Author : Nazia Mintz-Habib
Publisher : Routledge
ISBN 13 : 1317914112
Total Pages : 255 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis Biofuels, Food Security, and Developing Economies by : Nazia Mintz-Habib

Download or read book Biofuels, Food Security, and Developing Economies written by Nazia Mintz-Habib and published by Routledge. This book was released on 2016-01-08 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last decade has witnessed major crises in both food and energy security across the world. One response to the challenges of climate change and energy supply has been the development of crops to be used for biofuels. But, as this book shows, this can divert agricultural land from food production to energy crops, thus affecting food security, particularly in less developed countries. The author analyses the extent to which biofuels feedstocks fit within the national food security strategy, agro-export orientation, and rural development plans and policies of developing economies. Two case studies, from Tanzania in East Africa and Borneo in Malaysia, are considered in detail, using the non-edible crop of jatropha as an example of how compromises can be reached to balance food and energy goals as well as export markets. The author develops a novel integrated approach, the Institutional Feasibility Study, as the basis of her analysis. She addresses key issues such as: how do global initiatives for green growth, energy security and sustainable development incorporate biofuels industry development? Does global biofuels trade present meaningful foreign and local investment opportunities for developing countries? To what extent does biofuels feedstock production help with poverty reduction and agricultural sector modernization? What role do the EU and the US commitments to biofuels blending targets play in the rapid industry development in developing countries? How does the biofuels industry fit within existing formal and informal institutional frameworks? Who are the winners and losers in the biofuels global value chain?

The Palgrave Handbook of Development Economics

Author : Machiko Nissanke
Publisher : Springer
ISBN 13 : 3030140008
Total Pages : 918 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis The Palgrave Handbook of Development Economics by : Machiko Nissanke

Download or read book The Palgrave Handbook of Development Economics written by Machiko Nissanke and published by Springer. This book was released on 2019-08-12 with total page 918 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook responds to the needs and aspirations of current and future generations of development economists by providing critical reference material alongside or in relation to mainstream propositions. Despite the potential of globalisation in accelerating growth and development in low and middle-income countries through the spread of technology, knowledge and information, its current practice in many parts of the world has led to processes that are socially, economically and politically and ecologically unsustainable. It is critical for development economists to engage with the pivotal question of how to change the nature and course of globalisation to make it work for inclusive and sustainable development. Applying a critical and pluralistic approach, the chapters in this Handbook examine economics of development paths under globalisation, focusing on sustainable development in social, environmental, institutional and political economy dimensions. It aims at advancing the frontier of development economics in these key aspects and generating more refined policy perspectives. It is critically reflective in examining effects of globalisation on development paths to date, and in terms of methodological and analytical approaches, as well as forward-thinking in policy perspectives with a view to laying a foundation for sustainable development.

Understanding the Income and Efficiency Gap in Latin America and the Caribbean

Author : Jorge Thompson Araujo
Publisher : World Bank Publications
ISBN 13 : 1464804516
Total Pages : 254 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Understanding the Income and Efficiency Gap in Latin America and the Caribbean by : Jorge Thompson Araujo

Download or read book Understanding the Income and Efficiency Gap in Latin America and the Caribbean written by Jorge Thompson Araujo and published by World Bank Publications. This book was released on 2016-03-28 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: The countries of the Latin America and Caribbean region (LAC), like other emerging economies, have benefited from a decade of remarkable growth and some income per capita convergence towards the United States and other industrialized countries. However, even nearly ten years of solid growth in the first decade of the 21st century could not guarantee that LAC would move on to a sustained long-term income convergence path. In fact, despite this recent progress, LAC still faces a significant per capita income gap with the developed world. The papers in this volume contribute to the ongoing debate on the reasons for this persistent income gap and the potential drivers of convergence, and propose some broad avenues for reform. This volume presents new macro-, sectoral-, and micro-level evidence that: (i) differences in total factor productivity (TFP), or efficiency in using the production factors, such as physical and human capital, explain a large part of LAC's persistent income gap; and (ii) resource misallocation is the main factor behind LAC's large efficiency gap. At the same time, the findings of this volume indicate there is significant room for further economic growth gains from technology adoption and innovation more broadly. In fact, the quality of the available technology in LAC is low, and there is very little innovation. Although firms can use innovation to reach productivity at the global productivity frontier, weak institutions reduce incentives to innovate. This volume also proposes that the main priorities for improving resource allocation and the incentives to innovate include: (i) enhancing market competition in key network industries (transport, financial, telecommunications, logistics, communication and distribution services); (ii) increasing labor market flexibility (including skill-mismatches and social barriers); (iii) removing informational frictions (including complex tax regimes and credit rationing); (iv) strengthening property rights; and (v) improving the rule of law.

Productivity Growth in Agriculture

Author : Keith Owen Fuglie
Publisher : CABI
ISBN 13 : 1845939212
Total Pages : 390 pages
Book Rating : 4.8/5 (459 download)

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Book Synopsis Productivity Growth in Agriculture by : Keith Owen Fuglie

Download or read book Productivity Growth in Agriculture written by Keith Owen Fuglie and published by CABI. This book was released on 2012 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is written primarily for agricultural economists doing research on productivity. It includes discussions of the theoretical underpinnings of productivity measurement as well as the many practical considerations that go into translating this theory into actual measures of aggregated outputs and inputs. The unifying concept of agricultural productivity used across the chapters of this volume is aggregate total factor productivity (TFP) of the sector. The volume also contains detailed analysis of the underlying causes of agricultural productivity growth. Part I (chapters 2-6) examines agricultural productivity in high-income and transition countries. Part II (chapters 7-11) examines agricultural productivity growth and its driving forces in five important agricultural producers in Asia and Latin America. Part III (chapters 12-14) focuses on measuring and identifying constraints to agricultural productivity growth in sub-Saharan Africa. Part IV (chapters 15-16) gives a global perspective on agricultural productivity.

Structural Change and Industrial Development in the BRICS

Author : Wim Naudé
Publisher : OUP Oxford
ISBN 13 : 0191038172
Total Pages : 512 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Structural Change and Industrial Development in the BRICS by : Wim Naudé

Download or read book Structural Change and Industrial Development in the BRICS written by Wim Naudé and published by OUP Oxford. This book was released on 2015-06-18 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a unique and timely analysis of the role of structural change in the economic development of Brazil, Russia, India, China, and South Africa (BRICS) with a consideration for the role of industry, and in particular manufacturing. The emergence of BRICS reflects an ongoing change in the international economic order. BRICS now account for very substantial part of global GDP, global manufactured value added and global manufactured exports. The book examines their economic experiences and structural change in BRICS over the past three decades, identifying both differences and commonalities, and deriving lessons for other industrializing countries. Section I contains comparative studies focusing on the commonalities and differences of the experiences of BRICS. Section II includes six country studies providing a more detailed analysis of the long-run experiences of each of the countries. Section III consists of a set of seven thematic studies focusing on specific topics such as global value chains, the role of transnational corporations in the food chain, the role of foreign versus domestic investment, the role of domestic versus foreign demand in economic growth the diffusion of environmental energy technology and the similarities, and the differences in industrial policies pursued in the five countries. The book contains a summary chapter that provides an integrated perspective of the various contributions from the point of view of poverty reduction and development. It asks, whether the patterns of structural change and industrial development that BRICS experienced, had an impact on poverty outcomes, and if so, what where the channels and the consequences?

The Determinants of Agricultural Production

Author : Yair Mundlak
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Determinants of Agricultural Production by : Yair Mundlak

Download or read book The Determinants of Agricultural Production written by Yair Mundlak and published by World Bank Publications. This book was released on 1997 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Productivity Growth and Convergence in Agriculture and Manufacturing

Author : Will Martin
Publisher : World Bank Publications
ISBN 13 : 9090805303
Total Pages : 36 pages
Book Rating : 4.0/5 (98 download)

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Book Synopsis Productivity Growth and Convergence in Agriculture and Manufacturing by : Will Martin

Download or read book Productivity Growth and Convergence in Agriculture and Manufacturing written by Will Martin and published by World Bank Publications. This book was released on 1999 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth of agricultural productivity is widely believed to be low. But this study finds the productivity rate in agriculture to be higher than that in manufacturing, both on average and for groups of countries at different stages of development. This suggests that a large agricultural sector need not be a disadvantage for growth performance, and may be an advantage.

African Economic Outlook 2013 Structural Transformation and Natural Resources

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264200541
Total Pages : 359 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis African Economic Outlook 2013 Structural Transformation and Natural Resources by : OECD

Download or read book African Economic Outlook 2013 Structural Transformation and Natural Resources written by OECD and published by OECD Publishing. This book was released on 2013-05-27 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: The African Economic Outlook is the only annual report that monitors in detail the economic performance of 53 individual countries on the continent, using a strictly comparable analytical framework. The focus of the 2013 edition if structural transformation and natural resources in Africa.