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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/2516| Title: | Estimating the aggregate agricultural supply response : a survey of techniques and results for developing countries |
| Keywords: | D68 Q11 C21 C22 ddc:330 agricultural supply response cross-country regressions Nerlove method co-integration dynamic general equilibrium analysis Landwirtschaft Gesamtwirtschaftliches Angebot Elastizität Agrarproduktion Produktionsfunktion Schätztheorie Zeitreihenanalyse Dynamisches Gleichgewicht Regression Theorie Welt |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | For many low-income countries, the impact of structural reforms on economic growth and poverty alleviation crucially depends on the response of aggregate agricultural supply to changing incentives. Despite its policy relevance, the size of this parameter is still largely unknown. This paper discusses the different approaches which may be employed to quantify the agricultural supply response. It turns out that none of these approaches is likely to deliver unbiased estimates. While in cross-country regressions the problem of unobserved country characteristics cannot be fully eliminated, time-series estimations tend to suffer from the Lucas critique. Any comprehensive empirical analysis should thus rely on more than one technique in order to check the robustness of results. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/2516 |
| Other Identifiers: | http://hdl.handle.net/10419/2516 ppn:323447430 ppn:323447430 |
| Appears in Collections: | EconStor |
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