IDEAS home Printed from https://ideas.repec.org/a/prs/reveco/reco_0035-2764_1991_num_42_3_409293.html
   My bibliography  Save this article

L'offre de cultures commerciales en économie de pénurie

Author

Listed:
  • Jean-Claude Berthélemy
  • Jean-Paul Azam
  • Christian Morrisson

Abstract

[eng] Cash crops supply in rationed economies The positive effect of inputs and consumer goods supply on cash crops production is now well known. This paper presents in a model the three cases for manufactured goods supply : rationed market, parallel market and market where these goods are available without restraint. According to the situation, an increase of cash crops real priee has a negative, a dubious or a positive effect on cash crops supply. The existence of these effects has been tested in four African countries (Ghana, Madagascar, Mozambique and Tanzania) where manufactured goods are rationed. The model is confirmed by this econometric analysis : according to the situation, cash crops real priee has a negative, dubious or a positive effect on cash crops supply whereas the supply of manufactured goods has always a positive effect. [fre] L'offre de cultures commerciales en économie de pénurie Le rôle stimulant de l'offre d'intrants et de biens de consommation sur la production agricole est désormais reconnu. Cet article présente un modèle qui considère les trois situations possibles : celle de rationnement, celle de marché parallèle et celle où les biens sont disponibles sur le marché officiel. Selon ces trois cas, une hausse de prix agricole a un effet négatif, incertain ou positif sur la production agricole commercialisée. Ce modèle a été appliqué à quatre pays africains caractérisés par des situations de pénuries, le Ghana, Madagascar, le Mozambique et la Tanzanie. Les résultats sont en accord avec le modèle en ce qui concerne l'effet des prix agricoles et l'offre de biens manufacturés a toujours un effet stimulant sur la production agricole.

Suggested Citation

  • Jean-Claude Berthélemy & Jean-Paul Azam & Christian Morrisson, 1991. "L'offre de cultures commerciales en économie de pénurie," Revue Économique, Programme National Persée, vol. 42(3), pages 553-574.
  • Handle: RePEc:prs:reveco:reco_0035-2764_1991_num_42_3_409293 Note: DOI:10.3406/reco.1991.409293
    as

    Download full text from publisher

    File URL: http://dx.doi.org/doi:10.3406/reco.1991.409293
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

    File URL: http://www.persee.fr/doc/reco_0035-2764_1991_num_42_3_409293
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Galai, Dan & Masulis, Ronald W., 1976. "The option pricing model and the risk factor of stock," Journal of Financial Economics, Elsevier, vol. 3(1-2), pages 53-81.
    2. Williamson, Oliver E, 1988. " Corporate Finance and Corporate Governance," Journal of Finance, American Finance Association, vol. 43(3), pages 567-591, July.
    3. Titman, Sheridan & Wessels, Roberto, 1988. " The Determinants of Capital Structure Choice," Journal of Finance, American Finance Association, vol. 43(1), pages 1-19, March.
    4. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
    5. Fama, Eugene F & Jensen, Michael C, 1983. "Agency Problems and Residual Claims," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 327-349, June.
    6. CHARREAUX, Gérard & PITOL-BELIN, Jean-Pierre, 1985. "La théorie contractuelle des organisations : une application au conseil d'administration," Institut des Mathématiques Economiques – Document de travail de l’I.M.E. (1974-1993) 81, Institut des Mathématiques Economiques. LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS, Université de Bourgogne.
    7. Morck, Randall & Shleifer, Andrei & Vishny, Robert W., 1988. "Management ownership and market valuation : An empirical analysis," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 293-315, January.
    8. Morck, Randall & Shleifer, Andrei & Vishny, Robert W., 1988. "Management ownership and market valuation," Scholarly Articles 29407535, Harvard University Department of Economics.
    9. Jensen, Michael C. & Warner, Jerold B., 1988. "The distribution of power among corporate managers, shareholders, and directors," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 3-24, January.
    10. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
    11. Fama, Eugene F. & Jensen, Michael C., 1985. "Organizational forms and investment decisions," Journal of Financial Economics, Elsevier, vol. 14(1), pages 101-119, March.
    12. Demsetz, Harold, 1983. "The Structure of Ownership and the Theory of the Firm," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 375-390, June.
    13. Fama, Eugene F, 1980. "Agency Problems and the Theory of the Firm," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages 288-307, April.
    14. Holderness, Clifford G. & Sheehan, Dennis P., 1988. "The role of majority shareholders in publicly held corporations : An exploratory analysis," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 317-346, January.
    15. Demsetz, Harold & Lehn, Kenneth, 1985. "The Structure of Corporate Ownership: Causes and Consequences," Journal of Political Economy, University of Chicago Press, vol. 93(6), pages 1155-1177, December.
    16. Fama, Eugene F, 1978. "The Effects of a Firm's Investment and Financing Decisions on the Welfare of Its Security Holders," American Economic Review, American Economic Association, vol. 68(3), pages 272-284, June.
    17. Weisbach, Michael S., 1988. "Outside directors and CEO turnover," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 431-460, January.
    18. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jean Coussy, 1992. "L'analyse macro-économique des dynamiques agro-alimentaires," Revue Tiers Monde, Programme National Persée, vol. 33(132), pages 763-788.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_1991_num_42_3_409293. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE). General contact details of provider: http://www.persee.fr/collection/reco .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.