Arbeitspapier

Estimating the aggregate agricultural supply response: a survey of techniques and results for developing countries

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.

Sprache
Englisch

Erschienen in
Series: Kiel Working Paper ; No. 1016

Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Agriculture: Aggregate Supply and Demand Analysis; Prices
Thema
cross-country regressions
Nerlove method
co-integration
dynamic general equilibrium analysis
agricultural supply response
Landwirtschaft
Gesamtwirtschaftliches Angebot
Elastizität
Agrarproduktion
Produktionsfunktion
Schätztheorie
Zeitreihenanalyse
Dynamisches Gleichgewicht
Regression
Theorie
Welt

Ereignis
Geistige Schöpfung
(wer)
Thiele, Rainer
Ereignis
Veröffentlichung
(wer)
Kiel Institute of World Economics (IfW)
(wo)
Kiel
(wann)
2000

Handle
Letzte Aktualisierung
12.07.2024, 13:20 MESZ

Objekttyp

  • Arbeitspapier

Beteiligte

  • Thiele, Rainer
  • Kiel Institute of World Economics (IfW)

Entstanden

  • 2000

Ähnliche Objekte (12)