Showing 1 - 4 of 4
This paper responds to the argument that while Fair Trade governance might increase short-term welfare, it reduces long-term development prospects by discouraging diversification and structural change. Even though it is agreed that lower value sectors, such as commodity agriculture, are unlikely...
Persistent link: https://www.econbiz.de/10009434694
This article investigates the economics of farm diversification. The analysis assesses economies of diversification using a certainty equivalent measure. It identifies two components: one associated with expected income, and one associated with risk exposure. This integrates two lines of...
Persistent link: https://www.econbiz.de/10009440618
This research empirically investigates the well-known "poor-but-efficient" hypothesis formulated by Schultz (1964) assuming that small-scale farmers in developing countries are reasonably efficient in allocating their scarce resources by responding positively to price incentives. Deviating from...
Persistent link: https://www.econbiz.de/10009455746
The paper analyses the imperfections in output and factor markets in Kosovo that act as a barrier to farm commercialisation. On the one hand, agricultural households may not have access to output market due to an underdeveloped downstream sector. On the other, local producers might not be...
Persistent link: https://www.econbiz.de/10009455779