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Market price response of world rice research

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  • Hayami, Yujiro
  • Kikuchi, Masao
  • Morooka, Kazuko

Abstract

Using the total number of research publications as a proxy, the output of rice research in the world is estimated to be highly responsive in the short run to price fluctuations in the international rice market. The results suggest a danger of the inducement mechanism of public investment in the agricultural production infrastructure being misguided by cyclical price changes, thereby leading to recurrent food shortages and oversupplies in a cobweb-like manner.
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Suggested Citation

  • Hayami, Yujiro & Kikuchi, Masao & Morooka, Kazuko, 1989. "Market price response of world rice research," Agricultural Economics, Blackwell, vol. 3(4), pages 333-343, December.
  • Handle: RePEc:eee:agecon:v:3:y:1989:i:4:p:333-343
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    1. Hayami, Yujiro & Kikuchi, Masao, 1978. "Investment Inducements to Public Infrastructure: Irrigation in the Philippines," The Review of Economics and Statistics, MIT Press, vol. 60(1), pages 70-77, February.
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    Cited by:

    1. Fischer, R.A. & Byerlee, Derek R. & Edmeades, Gregory O., 2009. "Can Technology Deliver on the Yield Challenge to 2050?," Miscellaneous Papers 55481, Agecon Search.
    2. Jolejole-Foreman, Maria Christina & Mallory, Mindy L., 2011. "Analyzing Market Price Transmission, Government Intervention and Weather Shocks for Rice Market in the Philippines," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103163, Agricultural and Applied Economics Association.
    3. repec:spr:scient:v:98:y:2014:i:1:d:10.1007_s11192-013-1119-0 is not listed on IDEAS

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