Showing 1 - 10 of 10
Tobin and Houthakker's (1950-51) work on consumer behavior under quantity rationing has been extended by many authors, especially through the use of duality theory. This paper uses duality theory to extend the work on demand theory under rationing to the case of producer behavior under quotas....
Persistent link: https://www.econbiz.de/10005786253
This report presents aggregate data on agricultural inputs and outputs for 18 developing countries: Argentina, Brazil, Chile, Colombia, Dominican Republic, Egypt, Ghana, Ivory Coast, Malaysia, Morocco, Pakistan, Philippines, Portugal, South Korea, Sri Lanka, Thailand, Turkey, and Zambia for 1961-88.
Persistent link: https://www.econbiz.de/10005786413
This paper addresses the issue of measuring welfare losses due to imposition of a production quota. The topic of welfare measurement is important in agriculture because production quotas are a ubiquitous component of agricultural policy. While it is probably true that in the arena of policy...
Persistent link: https://www.econbiz.de/10005786451
Developing countries often tax agriculture heavily, a practice that might affect the productivity as well as the quantity of resources allocated to agriculture. A variable-coefficient cross-country agricultural production function is estimated, with past price expectations among the determinants...
Persistent link: https://www.econbiz.de/10005786471
Agricultural production quotas are policy instruments that many countries have adopted as a means of transferring income from consumers to producers. Here the partial equilibrium approach of Allais and Diewert is adapted to measure the efficiency loss in the production sector due to quotas....
Persistent link: https://www.econbiz.de/10005612564
Recent studies have revealed that LDCs have been taxing their agricultural sectors at rates of 40 to 50 percent. While it is widely acknowledged that this taxation might have significant allocative effects, this paper examines a cross-country aggregated agricultural production function. The...
Persistent link: https://www.econbiz.de/10005612633
This paper examines changes in agricultural productivity in 18 developing countries over the period 1961 to 1985. Because input price series are not available, we use the concept of distance function and the nonparametric, quantity-based Malmquist index approach, and contrast the results with...
Persistent link: https://www.econbiz.de/10005272815
Why do poor countries tax agriculture more than other sectors, whereas rich countries subsidize farmers? Using the neoclassical economic theory of the political market for Distortionary policies, an explanation is sought by examining changes to factors affecting the supply and demand curves in...
Persistent link: https://www.econbiz.de/10005786507
Countries often have a Jekyll-Hyde relationship with their agricultural sector – policymakers both tax and subsidize agriculture. In the early stages of a country's development, policy makers exploit agriculture through export taxes and overvalued exchange rates. In contrast, agricultural...
Persistent link: https://www.econbiz.de/10005612627
Economic theorists for years have considered the possibility that the direction of technical change is altered by changes in relative prices. Prices have also been identified as one of the determinants of technical change through innovation. This paper extends the theory of the firm to cover...
Persistent link: https://www.econbiz.de/10005612655