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Rural Institutions, Agricultural Development, and Pro-Poor Economic Growth

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Listed author(s):
  • Roumasset, James

Abstract

According to conventional wisdom, the ideal form of pro-poor economic development is through investment in agriculturally-led growth. In the early stages of growth, increased production decreases food prices and shifts out the demand for labor. Inasmuch as poor households disproportionately consume food and earn a relatively large share of their income from labor, both mechanisms benefit the poor. Agricultural economists typically recommend a panoply of government interventions to go along with the investments in new technology and infrastructure, including price-supports and stabilization schemes, credit and input subsidies, and crop insurance. The interventionist policy recommendations, however, are based on a variety of misconceptions and misinterpretations about farmer behavior and rural institutions.

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File URL: http://purl.umn.edu/165765
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Article provided by Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) in its journal Asian Journal of Agriculture and Development.

Volume (Year): 01 (1)
Issue (Month): 1 ()
Pages:

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Handle: RePEc:ags:phajad:165765
Contact details of provider: Postal:
College, Los Baños, Laguna 4031, Philippines

Phone: (63-49) 536-2290
Fax: (63-49) 536-7097
Web page: http://www.ajad.searca.org
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Keywords: Agricultural and Food Policy; Food Security and Poverty;

Other versions of this item:

Find related papers by JEL classification:
  • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
  • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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  4. Seiichi Fukui, 1997. "The Meaning of Kinship in Sharecropping Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 394-406.
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  6. North, Douglass C & Wallis, John Joseph, 1982. "American Government Expenditures: A Historical Perspective," American Economic Review, American Economic Association, vol. 72(2), pages 336-340, May.
  7. Hayami, Yujiro, 2000. "An ecological and historical perspective on agricultural development in Southeast Asia," Policy Research Working Paper Series 2296, The World Bank.
  8. Sah, Raaj Kumar, 1986. "Size, Supervision and Patterns of Labor Transactions," Philippine Journal of Development JPD 1986 Vol. XIII Nos. 1, Philippine Institute for Development Studies.
  9. James, William & Roumasset, James, 1984. "Migration and the evolution of tenure contracts in newly settled regions," Journal of Development Economics, Elsevier, vol. 14(1), pages 147-162.
  10. Morduch, Jonathan, 2000. "The Microfinance Schism," World Development, Elsevier, vol. 28(4), pages 617-629, April.
  11. Besley, Timothy, 1994. "How Do Market Failures Justify Interventions in Rural Credit Markets?," World Bank Research Observer, World Bank Group, vol. 9(1), pages 27-47, January.
  12. Demsetz, Harold, 1969. "Information and Efficiency: Another Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 1-22, April.
  13. Hoff, Karla & Stiglitz, Joseph E., 1998. "Moneylenders and bankers: price-increasing subsidies in a monopolistically competitive market," Journal of Development Economics, Elsevier, vol. 55(2), pages 485-518, April.
  14. James Roumasset, 1989. "Decentralization and Local Public Goods: Getting the Incentives Right," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 26(1), pages 1-13, June.
  15. Roumasset, James, 1978. "The new institutional economics and agricultural organization," MPRA Paper 13175, University Library of Munich, Germany.
  16. Binswanger, Hans P. & Deininger, Klaus & Feder, Gershon, 1995. "Power, distortions, revolt and reform in agricultural land relations," Handbook of Development Economics,in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 42, pages 2659-2772 Elsevier.
  17. Ahn, Choong Yong & Singh, Inderjit & Squire, Lyn, 1981. "A Model of an Agricultural Household in a Multi-Crop Economy: The Case of Korea," The Review of Economics and Statistics, MIT Press, vol. 63(4), pages 520-525, November.
  18. Frisvold, George B., 1994. "Does supervision matter? Some hypothesis tests using Indian farm-level data," Journal of Development Economics, Elsevier, vol. 43(2), pages 217-238, April.
  19. James A. Roumasset, 2002. "The Microeconomics of Agricultural Development in the Philippines," Working Papers 200210, University of Hawaii at Manoa, Department of Economics.
  20. James, William E. & Roumasset, James A., 1979. "Explaining Variations In Share Contracts: Land Quality, Population Pressure And Technological Change," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 23(02), August.
  21. Ahmed, Iqbal, 1981. "Farm Size and Labour Use: Some Alternative Explanations," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 43(1), pages 73-88, February.
  22. North, Douglass C, 1987. "Institutions, Transaction Costs and Economic Growth," Economic Inquiry, Western Economic Association International, vol. 25(3), pages 419-428, July.
  23. Thomas Reardon & C. Peter Timmer & Christopher B. Barrett & Julio Berdegué, 2003. "The Rise of Supermarkets in Africa, Asia, and Latin America," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(5), pages 1140-1146.
  24. Mark DeWeaver & James Roumasset, 2002. "Risk aversion as effort incentive: A correction and prima facie test of the moral hazard theory of share tenancy," Economics Bulletin, AccessEcon, vol. 15(4), pages 1-16.
  25. Jacoby, Hanan G. & Mansuri, Ghazala, 2006. "Incomplete contracts and investment : a study of land tenancy in Pakistan," Policy Research Working Paper Series 3826, The World Bank.
  26. Benjamin, Dwayne, 1992. "Household Composition, Labor Markets, and Labor Demand: Testing for Separation in Agricultural Household Models," Econometrica, Econometric Society, vol. 60(2), pages 287-322, March.
  27. James Roumasset & Marilou Uy, 1987. "Agency Costs and the Agricultural Firm," Land Economics, University of Wisconsin Press, vol. 63(3), pages 290-302.
  28. Eswaran, Mukesh & Kotwal, Ashok, 1986. "Access to Capital and Agrarian Production Organisation," Economic Journal, Royal Economic Society, vol. 96(382), pages 482-498, June.
  29. Roumasset, James & Uy, Marilou, 1980. "Piece rates, time rates, and teams : Explaining patterns in the employment relation," Journal of Economic Behavior & Organization, Elsevier, vol. 1(4), pages 343-360, December.
  30. Wright, Brian D. & Williams, Jeffrey C., 1990. "The Behavior of Markets for Storable Commodities," 1990 Conference (34th), February 13-15, 1990, Brisbane, Australia 145482, Australian Agricultural and Resource Economics Society.
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  32. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
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  34. Bautista, Romeo M., 1991. "Dynamics of Rural Development: Analytical Issues and Policy Perspectives," Working Papers WP 1991-07, Philippine Institute for Development Studies.
  35. Roumasset, James, 1992. "INVESTING in Agriculturally-Led Growth: The Philippine Case," MPRA Paper 14847, University Library of Munich, Germany.
  36. James A Roumasset, 2000. "Black-Hole Security," Working Papers 200005, University of Hawaii at Manoa, Department of Economics.
  37. Bose, Pinaki, 1998. "Formal-informal sector interaction in rural credit markets," Journal of Development Economics, Elsevier, vol. 56(2), pages 265-280, August.
  38. Lau, Lawrence J. & Yotopoulos, Pan A. & Chou, Erwin C. & Lin, Wuu-Long, 1981. "The microeconomics of distribution: A simulation of the farm economy," Journal of Policy Modeling, Elsevier, vol. 3(2), pages 175-206, May.
  39. repec:ebl:ecbull:v:15:y:2002:i:4:p:1-16 is not listed on IDEAS
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Cited by:

  1. Roumasset, James, 2008. "A new institutional approach to pro-poor agricultural development: Lessons from Asia," Journal of Asian Economics, Elsevier, vol. 19(5-6), pages 378-388.
  2. Herath, Deepananda P.B. & Weersink, Alfons, 2006. "Structural Changes in the Sri Lankan Tea Industry: Family Farms vs. Plantations," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25406, International Association of Agricultural Economists.
  3. Wanjala, Bernadette, 2016. "Can the big push approach end rural poverty in Africa? : Insights from Sauri millennium village in Kenya," Other publications TiSEM 5a686b22-6749-4e9e-8bf4-4, Tilburg University, School of Economics and Management.
  4. James Roumasset, 2006. "The Economics of Agricultural Development: What Have We Learned? Processes," Working Papers 200604, University of Hawaii at Manoa, Department of Economics.
  5. Majah-Leah Ravago & James Roumasset & Kimberly Burnett, 2008. "Resource management for Sustainable Development of Island Economies," Working Papers 200804, University of Hawaii at Manoa, Department of Economics.
  6. Watanabe, Michio & Jinji, Naoto & Kurihara, Mitsuyo, 2009. "Is the development of the agro-processing industry pro-poor?: The case of Thailand," Journal of Asian Economics, Elsevier, vol. 20(4), pages 443-455, September.
  7. Llanto, Gilberto M. & Geron, Ma. Piedad S. & Badiola, Jocelyn Alma R., 2016. "Comprehensive Study on Credit Programs to Smallholders," Discussion Papers DP 2016-48, Philippine Institute for Development Studies.
  8. James Roumasset, 2007. "Population and Agricultural Development," Working Papers 200702, University of Hawaii at Manoa, Department of Economics.

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