The volatility of agricultural markets has increased remarkably in recent years. In spite of this, the way in which supply chain actors perceive market volatility has only rarely been analyzed. This paper seeks to close this research gap by presenting empirical findings about how the volatility...

The aim of this paper is to point out some problems of index estimation for the purposes of weather derivative valuation considering the particularities of agriculture. The assessment of the sensitivity of barley to weather over 40 years has been the basis for the design and valuation of weather...

'lbe tables in this bulletin provide aggregate economic and agricultural growth am perfonnance indicators for the world, for four economic groupings of countries, am for 160 individual countries. 'Ihese 160 countries account for 99.7 percent of the world population. '!he indicators cover such...

The tables in this bulletin provide aggregate economic and agricultural growth, performance, production, and trade indicators for the world, 14 geographic regions, the Economic Community, Central Europe, and for 141 countries. These countries account for over 99 percent of the world population,...

Botswana’s average economic growth rate of about 8 per cent during 1985-2005 is one of highest in the world. A major contributor of this growth was mining which, in 2005/06, had a 41.4 per cent share of GDP. Various government welfare and empowerment programmes indicate that redistribution of...

This paper deals with the estimation of a random coefficient model. The virtue of this approach is that it considers firm heterogeneity, which conventional SFA models do not. When the model is applied to Polish farms, the results indicate that the conventional random and fixed effect models...

Hungary became the member of European Union in 2004. The authors want to show that, though, many sectors of Hungarian agriculture have been operating at low level of technology and efficiency; there was a big expectation about the fast catching up with accession to European Union. This paper...

Why are agricultural yields so low and growing so slowly in Africa? Using simple models, this paper proposes a research program to uncover the reasons for the low levels of input intensity and slow pace of technological innovation in African agriculture. Attention is focused on the relative...

This report documents the updated version of the Partial Equilibrium Agricultural Trade Simulation (PEATSim) model developed by USDA’s Economic Research Service. PEATSim is a global model, covering 31 commodities and 27 countries/regions. The model, consistent with economic theory, provides a...