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Response of the Argentine Soybean Sown Area to Prices

Author

Listed:
  • Luis Lanteri

    (Central Bank of Argentina)

Abstract

This paper analyzes the response of the soybean sown area of Argentina to changes in price incentives and other variables which are relevant for agricultural production. To this effect, VEC models are estimated for some of the main producing provinces and for the country’s total in the period 1974-2006. The estimated models allow analyzing the long-term relationship among the share of soybean sown area, relative prices, the use of certain inputs, and the risks involved. For models where cointegration relations are observed, positive and significative responses are found in the soybean sown area to changes in relative prices.

Suggested Citation

  • Luis Lanteri, 2009. "Response of the Argentine Soybean Sown Area to Prices," BCRA Working Paper Series 200944, Central Bank of Argentina, Economic Research Department.
    • Handle: RePEc:bcr:wpaper:200944
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    File URL: http://www.bcra.gov.ar/pdfs/investigaciones/WP_44_2009e.pdf
    File Function: Spanish version (versión en Español)
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    More about this item

    Keywords

    agricultural production; Argentina; elasticities; relative prices; risks; soybean;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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