Purpose – The purpose of this paper is to develop a dynamic computable general equilibrium (DCGE) model to analyze economy-wide impacts of different types of public spending in China. A particular focus is placed on their impacts on food economy. Design/methodology/approach – In this paper,...

Feeding nine billion people by 2050 is a top priority on the global agenda for sustainable and inclusive development. This task is especially formidable in Asia, where more than two-thirds of the world’s poor and malnourished people live. Food prices in Asia are projected to remain high...

The Chinese economy has recently experienced a rapid and fundamental transformation, and the public expenditure on agriculture has also changed to reflect shifts in policy priorities. This paper reviewed public agricultural expenditure in a comprehensive way using detailed expenditure data at...

This paper provides a comprehensive review of agricultural policy and public agricultural expenditure (PAE) in China. China shifted away from taxing agriculture to supporting agriculture in the mid-2000s, but the sector faces mounting demographic, biophysical, and trade challenges. PAE in China...

This paper explores an optimal sharing contract between a grape grower and a winery, when a risk-averse grower allocates efforts among multiple activities that differe in measurability, while double-sided moral hazard is assumed to be present. The contract allows for asymmetric quality...

This paper examines alternative risk management strategies in terms of their effectiveness for three representative Alberta farm operations. Stochastic dynamic simulation methods are used to model financial performance for these farms, and alternative risk management programs are compared in...

Financial principles of project investment analysis deal with the cost and benefit flows over time. Invariably, the correct future cash flows and exact risks are unknown. The agricultural academic literature devotes substantial energy to discussing the estimation of the cash flows but it is...

The provincial government of Alberta in Canada experiences significant annual revenue variability arising from changes in crude oil and natural gas prices. This research evaluated whether Alberta’s non-renewable revenue risk could be managed using a derivatives hedging program. Results from a...

EXECUTIVE SUMMARY The Canadian beef industry has stated objectives of improving beef quality and consumer satisfaction while reducing unit costs of production. Suggested methods for achieving these goals include working towards value based marketing and improved information flows between...