It has been argues that increased aid causes Dutch disease as a result of appreciation of the exchange rate which reduces the competitiveness of the country's exports. In this paper, we argue that if the aid is used productively, there are both short and long term gains. Applying a recursive...

Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

Efficient information exchanges between sellers and buyers are essential if prices are to act as a signal for resource allocation in an economy. In the case of seed and planting materials, information on quality traits are often difficult for consumers (farmers) to obtain prior to purchase,...

The IFAMR is published quarterly by IFAMA. www.ifama.org

The island of Bali is one of the main cattle producing areas for Indonesia. Bali is also known for its extensive tourist sector. Frozen and chilled beef are imported to fulfil the tourist demand. This imported beef, most of it from Australia, competes with the local beef in the tourist sector....

Demand for livestock products in the past three decades has increased rapidly, especially in developing countries. This increase has resulted in, and will continue to cause, increased demand for feed. This paper examines existing projections of global feed demand and supply with an emphasis on...

This discussion paper summarizes important points from other Babcock Institute discussion papers dating between 2002 and 2006. The author pulls out points from what he feels are important discussion papers and relates them to the U.S. dairy industry.

Land reform and farm restructuring have always been a major component of the transition from plan to market in all formerly socialist countries, and especially in the 12 former Soviet republics forming the Commonwealth of Independent States (CIS). Ukraine, the second most populous country in CIS...

The purpose of this study was to identify the factors influencing productive activities of the Korean rural elderly. Utilizing data from the 2004 survey "Living Profile and Welfare Service Needs of Older Persons in Korea," this study predicted the productive activities of the rural elderly. All...