This article explores the similarities, differences, and implications from the 1970s–1980s experience for the macroeconomic dynamic that may arise from the 2008 price spike and subsequent recession. Role of monetary policy (deviations from Taylor rule) is assessed. This is an argument that has...

This article explores the similarities, differences, and implications from the 1970s–1980s experience for the macroeconomic dynamic that may arise from the 2008 price spike and subsequent recession. Role of monetary policy (deviations from Taylor rule) is assessed. This is an argument...

Generic income stabilization schemes, which resemble an actual NISA policy adopted recently in Canada, encourage farmers to set aside funds in high income year for use in low income years through a formal procedure. Their economic effects are investigated using the prudent farm household model....

In this paper we examine the multiple environmental effects of policies promoting biofuel production from agricultural crops. We develop theoretical and empirical frameworks and provide an integrated economic and ecological modelling approach: an economic model of farmers’ decision making is...

This paper examines how jointness of environmental benefits and environmental heterogeneity affect auction designs and the potential benefits of green auctions over conventional flat-rate agri-environmental policies. A sealed bid green auction is used to promote an agri-environmental program...

This study assessed the preference for and efficiency of land tenure contract arrangements in rice farming in West Java, Indonesia. Specifically, it examined the transaction costs associated with land tenure contracts, the land tenure contract preference, the efficiency of land tenure contracts,...

There is growing interest in the rural non-farm sector in developing countries as a contributor to economic growth, employment generation, livelihood diversification and poverty reduction. Access to infrastructure is identified in some studies as a factor that affects non-farm rural employment...

Between 2001 and 2007, the poverty headcount in Cameroon has remained steady around 40%. In fact, poverty has reduced in urban areas while it has increased of about 3 points in rural areas. This, despite the numerous agro-pastoral programs that were undertaken by the government between 2002 and...

This paper examines changes in the allocation of public funds between production related public goods (PRPGs) and labour augmenting public goods (LAPGs) once elected village leaders replaced an appointment system. We derive a two-period theoretical model in which the interest of appointed...

An economic study on willingness to pay by general recreationists’ who visited Basavana Betta State Forest, Karnataka, India, for water recreation revealed that average WTP for conservation of the forest ecosystem, based on the double bounded dichotomous contingent valuation method, was Rs....