This paper presents the main results of a study that proposes a methodology for studying whether or not a heterogeneous agricultural sector, such as that of Mexico, faces unfavourable terms of trade. These results are used to interpret the origins of the basic food production problems...

This study investigates the determinants that influence a firm’s decision to use external private equity in agriculture. The use of external equity as a funding source in agriculture has increased since 1990; however, the literature addressing this phenomenon is limited. The asset specificity...

This paper investigates the effects of network based individual social capital on the access of rural households to services. In the context of development economics, an innovative data collection approach is used to determine network based social capital. The approach originates from the field...

It is widely documented that credit is an important instrument among resource poor farmers in developing economies. However, accessing loans from formal credit institutions has proved almost impossible for small and resource poor farmers leading to reliance on the least regulated informal credit...

This paper is only a part of research completed for the PhD degree in agricultural economics in University of Miyazaki. The paper is subjected to further improve and finalised.

Investment models typically explain only a small share of the total investment variation within or between firms. A reason for this may be that those models do not explicitly differentiate between the decision to invest and the decision about the level of investment. In this paper, a two-steps...

Systemic weather risk is a major obstacle for the formation of private (nonsubsidized) crop insurance. This paper explores the possibility of spatial diversification of insurance by estimating the joint occurrence of unfavorable weather conditions in different locations. For that purpose copula...

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