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Author: Maurice W. Schiff
Publisher: World Bank Publications
ISBN:
Category : Agricultural prices
Languages : en
Pages : 32
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Book Description
Author: Maurice W. Schiff
Publisher: World Bank Publications
ISBN:
Category : Agricultural prices
Languages : en
Pages : 32
Get Book
Book Description
Author: Maurice Schiff
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
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.
Author: Maurice Schiff
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
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.
Author: Hossein Askari
Publisher: Greenwood
ISBN:
Category : Business & Economics
Languages : en
Pages : 468
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Book Description
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.
Author: Nlandu Mamingi
Publisher: World Bank Publications
ISBN:
Category : Agricultural prices
Languages : en
Pages : 60
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Book Description
Author: T. Ademola Oyejide
Publisher:
ISBN:
Category : Africa
Languages : en
Pages : 48
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Book Description
Author: Subrata Ghatak
Publisher:
ISBN:
Category : Social Science
Languages : en
Pages : 400
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Book Description
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.
Author: Martin Upton
Publisher: Food & Agriculture Org.
ISBN: 9789251034736
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
Author: Roger D. Norton
Publisher: Food & Agriculture Org.
ISBN: 9789251025338
Category : Business & Economics
Languages : en
Pages : 96
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Book Description
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.
Author: Matthias Kalkuhl
Publisher: Springer
ISBN: 3319282018
Category : Business & Economics
Languages : en
Pages : 626
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Book Description
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.
