Prices and productivity in agriculture

Research output: Contribution to journalArticlepeer-review

50 Scopus citations

Abstract

Developing countries often tax agriculture heavily, a practice that might affect the productivity as well as the quantity of resources allocated to agriculture. A variable-coefficient cross-country agricultural production function is estimated, with past price expectations among the determinants of the production coefficients. Productivity's responsiveness to those expectations implies that had these developing economies eliminated price interventions, agricultural productivity would have increased on average by about a fourth. -Authors

Original languageEnglish (US)
Pages (from-to)471-482
Number of pages12
JournalReview of Economics and Statistics
Volume75
Issue number3
DOIs
StatePublished - 1993
Externally publishedYes

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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