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:

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.

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.

Download or read book Agricultural Supply Response written by Hossein Askari and published by Greenwood. This book was released on 1976 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Review the commonly pursued governmental agricultural policies, summarize and collate the results of some of the studies of peasant supply responsiveness. Identify the reasons for the different results across crops and countries and discuss the areas deserving further attention.

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:

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:

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.

Download or read book Agricultural Investment and Productivity in Developing Countries written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2001 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes 8 papers by various authors.

Download or read book Agricultural Issues in Structural Adjustment Programs written by Roger D. Norton and published by Food & Agriculture Org.. This book was released on 1987 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the characteristics of structural adjustment programmes, agricultural responses to them, and the implementation of adjustment strategies in agriculture. Looks at agriculture as a source of economic imbalances, agricultural priorities, and the role of international organisations.

Download or read book Supply Response in Underdeveloped Agriculture written by Jere R. Behrman and published by Amsterdam : North-Holland. This book was released on 1968 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: Case study of agricultural production in Thailand during the period from 1937 to 1963 as an example of the response of traditional agriculture to supply and demand in developing countries - covers production factors, cultivation techniques, price elasticity, etc., and includes econometric models and statistical analysis of supply responsiveness. References, and bibliography pp. 422 to 439.

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.

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:

Download or read book Agricultural Sector Analysis and Models in Developing Countries written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 1982 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonformal general equilibrium, consistency approaches and frameworks. General, systems simulation approach. Linear programming models. Multi-level planning models. Operational usefluness of analysis and models to users.

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 626 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.

Download or read book What Price Food written by Paul Streeten and published by . This book was released on 1988 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Agricultural Supply Response Using Vector Autoregressions VAR with Panel Data written by Zvi Eckstein and published by . This book was released on 1985 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.