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A Disaggregate Approach to Aggregate Supply

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  • Robert W. Herdt

Abstract

Analyses of aggregate supply response in low-income countries are practically nonexistent because of the index number problems and the difficulty of accounting for the effect of weather inherent in aggregate approaches. The disaggregate model presented here includes variables measuring weather, external capital inputs and technology, as well as crop and input prices, in individual crop supply functions. A technique for combining the direct and cross elasticities into a single aggregate elasticity is given, and the results obtained using the technique are outlined.

Suggested Citation

  • Robert W. Herdt, 1970. "A Disaggregate Approach to Aggregate Supply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 52(4), pages 512-520.
    • Handle: RePEc:oup:ajagec:v:52:y:1970:i:4:p:512-520.
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    File URL: http://hdl.handle.net/10.2307/1237258
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    Cited by:

    1. Rakesh Singh, 2002. "Agriculture, India and World Trade Organisation," Vision, , vol. 6(1), pages 45-50, January.
    2. Roman Keeney & Thomas W. Hertel, 2008. "U.S. Market Potential For Dried Distillers Grain With Solubles," Working Papers 08-13, Purdue University, College of Agriculture, Department of Agricultural Economics.
    3. Macours, Karen & Swinnen, Johan F. M., 2000. "Causes of Output Decline in Economic Transition: The Case of Central and Eastern European Agriculture," Journal of Comparative Economics, Elsevier, vol. 28(1), pages 172-206, March.
    4. Deodhar, Satish Y., 1999. "WTO Agreements and Indian Agriculture: Retrospection and Prospects," IIMA Working Papers WP1999-11-06, Indian Institute of Management Ahmedabad, Research and Publication Department.
    5. Fertő, Imre, 1996. "A mezőgazdaság a piacgazdaságban [Agriculture in a market economy]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 114-127.
    6. Keeney, Roman & Hertel, Thomas W., 2008. "Yield Response To Prices: Implications For Policy Modeling," Working papers 45969, Purdue University, Department of Agricultural Economics.
    7. Jean-Philippe Platteau, 1988. "The Food Crisis in Africa: A Comparative Structural Analysis," WIDER Working Paper Series wp-1988-044, World Institute for Development Economic Research (UNU-WIDER).
    8. Satish Y Deodhar, 2007. "WTO Agreements and Indian Agriculture: Retrospection and Prospects," Working Papers id:885, eSocialSciences.

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