Important advancements in agricultural economics have combined the insights of the economic discipline and its analytical paradigm with the practical and scientific knowledge of agriculture. We discuss advancements made in the areas of production and marketing, the characteristics of...

The chapter reviews the generation and adoption of new technologies in the agricultural sector. The first section describes models of induced innovation and experimentation, considers the political economy of public investments in agricultural research, and addresses institutions and public...

The existence of linkages between the agricultural sector and the rest of the economy points to the specificity of that sector and justifies why we can conceive of a macroeconomics of agriculture. The primary sector is characterized by product homogeneity, a pre-condition for the absence of...

Rural development policy addresses the welfare of rural households and communities. With a majority of the world's poor located in rural areas, the resilience of rural poverty in industrialized countries, and a significant share of environmental degradation the byproduct of rural poverty, the...

The major food projection agencies see per capita food supplies continuing to increase and real prices of foodstuffs continuing to decline. This trend in food prices has made, and will continue to make, achievement of food security possible for a greater proportion of the world's population....