1993
DOI: 10.2307/2109461
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Prices and Productivity in Agriculture

Abstract: Developing countries have been found to tax agriculture heavily, which might affect the productivity of resources allocated to agriculture, as well as their quantity. A variable-coefficient crosscountry agricultural production function is estimated, with past price expectations among the determinants of the production coefficients. Productivity is found to be responsive to those expectations, with the implication that had these developing economies eliminated their price interventions, agricultural productivit… Show more

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Cited by 121 publications
(71 citation statements)
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“…In Latin America and the Caribbean, most of the analysis of total factor productivity (TFP) growth in agriculture in the last 20 years has been in the context of worldwide multicountry studies (Fulginiti and Perrin, 1993, 1998Arnade, 1998;Trueblood and Coggins, 2003;Coelli and Rao, 2005;Weibe et al, 2000;BravoOrtega and Lederman, 2004;and Ludena et al, 2007). These studies offer a broad view of agricultural productivity growth and present results for certain Latin American countries.…”
Section: Introductionmentioning
confidence: 99%
“…In Latin America and the Caribbean, most of the analysis of total factor productivity (TFP) growth in agriculture in the last 20 years has been in the context of worldwide multicountry studies (Fulginiti and Perrin, 1993, 1998Arnade, 1998;Trueblood and Coggins, 2003;Coelli and Rao, 2005;Weibe et al, 2000;BravoOrtega and Lederman, 2004;and Ludena et al, 2007). These studies offer a broad view of agricultural productivity growth and present results for certain Latin American countries.…”
Section: Introductionmentioning
confidence: 99%
“…The same result was found in India by Sen (1962), Bardhan (1973), and Rosenzweig and Binswanger (1993); and in Brazil, Pakistan, and Malaysia by Berry and Cline (1979). This inverse relationship is intriguing as there is a large body of literature that estimates constant returns to scale for agricultural production in different countries (e.g., Hayami and Ruttan 1970;Bardhan 1973;Berry and Cline 1979;Fulginiti and Perrin 1993). Moreover, in the absence of market failures, farmers would voluntarily subdivide their lands in order to increase productivity thereby eliminating the inverse relationship.…”
mentioning
confidence: 99%
“…(2002). Fulginiti and Perrin (1993) used a combined time-series/cross-section sample of agricultural production and price data from 18 countries to estimate a variable coefficient CobbDouglas meta-production function. They posited that the coefficients are functions of the output price and a few input prices, and other pertinent technology changing variables, using five-year moving averages for the prices.…”
Section: Literature Reviewmentioning
confidence: 99%