The impact of prices and macroeconomic policies on agricultural supply: a synthesis of available results
This paper reviews the literature dealing with the link of agricultural prices and macroeconomic policies to agiicultural supply with particular emphasis on Sub-Saharan Africa. Although the study echoes the stylized facts on price elasticities underlined in previous literature reviews, the paper points out that our understanding of the quantitative dimensions of agricultural supply response is weak given the importance of this assumed response for growth, poverty alleviation, and the environment Indeed, issues such as simultaneity of variables, data pooling, omission of variables, and asymmetry in supply responses to price changes have not been adequately addressed in many instances. © 1997 Elsevier Science B.V. All rights reserved.
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- Binswanger, Hans & Yang, Maw-Cheng & Bowers, Alan & Mundlak, Yair, 1987. "On the determinants of cross-country aggregate agricultural supply," Journal of Econometrics, Elsevier, vol. 36(1-2), pages 111-131.
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- Summers, Robert & Heston, Alan, 1988. "A New Set of International Comparisons of Real Product and Price Levels Estimates for 130 Countries, 1950-1985," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 34(1), pages 1-25, March.
- Marian E. Bond, 1983. "Agricultural Responses to Prices in Sub-Saharan African Countries (RÃ©actions du secteur agricole aux prix en Afrique au sud du Sahara) (Reacciones de la agricultura ante los precios en los paÃses de," IMF Staff Papers, Palgrave Macmillan, vol. 30(4), pages 703-726, December.
- P. J. Gunawardana & E. A. Oczkowski, 1992. "Government Policies And Agricultural Supply Response: Paddy In Sri Lanka," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(2), pages 231-242.
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