The paper reviews the theory of the impact of loan collateral, and in particular land collateral, in institutional and non-institutional rural credit markets. Evidence from three Asian developing countries is presented, showing extensive use of land collateral among institutional lenders in...

A multioutput model is developed within the adjustment cost framework to analyze the structure of dynamic adjustments in U.S. agriculture during the post-war period. An important feature of this model is that the econometric model is consistent with dynamic economic theory. Fluctuations in...

Economists investigating consumer demand have accumulated considerable evidence showing that consumers generally have subjective preferences for characteristics of products and that their demand for products is significantly affected by their perceptions of the product's attributes. However, the...

A wide range of economic analysis of agricultural trade liberalization was performed prior to and during the Uruguay Round of trade negotiations. Views differ as to the effectiveness of this research, although most would agree that it became less relevant as the negotiations progressed. This...

This paper examines sources of agricultural growth in sub-Saharan Africa. Growth in the stock of traditional inputs (land, labor, livestock) remains the dominant source of output growth. Growth in modern input use was of secondary importance, but still accounted for a 0.2-0.4% annual growth rate...

This paper examines the effects of farm size, soil erosion, and sml conservation investments on land and labor productivity and allocative efficiency in Rwanda. There were several key results. First, there is a strong inverse relationship between farm size and land productivity, and the opposite...

This paper investigates empirically the economy-wide effects of agricultural productivity increases in the Philippines, reporting the results of a quantitative analysis based on a general equilibrium framework. A multisectoral, price endogenous model of the Philippine economy is employed,...

This paper uses a flexible (translog) production function to estimate efficiency of 227 farms from West Bengal, India. We consider estimation of technical and allocative inefficiencies using a profit maximising framework which accommodates both endogenous and exogenous inputs. The maximum...

Statistical data on labour productivity and income in agriculture reveal large discrepancies between various EC member states, both with respect to their absolute levels and in relation to nonfarm productivity and income in the respective countries. Insofar as they appear to reflect the failure...