Статті в журналах з теми "Agricultural price policy"
Щоб переглянути інші типи публікацій з цієї теми, перейдіть за посиланням: Agricultural price policy.
Оформте джерело за APA, MLA, Chicago, Harvard та іншими стилями
Ознайомтеся з топ-50 статей у журналах для дослідження на тему "Agricultural price policy".
Біля кожної праці в переліку літератури доступна кнопка «Додати до бібліографії». Скористайтеся нею – і ми автоматично оформимо бібліографічне посилання на обрану працю в потрібному вам стилі цитування: APA, MLA, «Гарвард», «Чикаго», «Ванкувер» тощо.
Також ви можете завантажити повний текст наукової публікації у форматі «.pdf» та прочитати онлайн анотацію до роботи, якщо відповідні параметри наявні в метаданих.
Переглядайте статті в журналах для різних дисциплін та оформлюйте правильно вашу бібліографію.
1
Bórawski, Piotr, Aneta Belłdycka-Borawska, and James W. Dunn. "Price volatility of Polish agricultural commodities in the view of the Common Agricultural Policy." Agricultural Economics (Zemědělská ekonomika) 64, No. 5 (May 14, 2018): 216–26. http://dx.doi.org/10.17221/138/2016-agricecon.
Повний текст джерелаАнотація:
In the paper, the price volatility was examined. The authors used 650 weekly observations from 2003 to 2015. Such a long period of analysis helped to reveal periods with high volatility. The objective of the paper was to recognize price volatility of agricultural commodities in Poland. The authors chose beef, pork and wheat markets to show the differentiation of price volatility. It revealed periods of large and small volatility. The global market situation impacted Polish agricultural markets with the opening markets and a greater access to the new markets. The periods having the strongest impact on Polish agricultural markets were the integration with the EU, the global crisis in 2008, and problems in the EU zone. The prices of analysed agricultural commodities differed in various EU countries. The prices of wheat increased most in France, Hungary and Lithuania. The prices of store cattle increased most in the years 2004–2015 in Estonia, Sweden and Luxemburg. The prices of pigs increased most in Malta, Sweden and Cyprus.
2
Dastagiri, M. B., and L. Bhavigna. "The Theory of Agricultural Price Bubble & Price Crash in Global Economy." Applied Economics and Finance 6, no. 5 (August 21, 2019): 168. http://dx.doi.org/10.11114/aef.v6i5.4464.
Повний текст джерелаАнотація:
Agricultural prices play greater role in living Economics. Since many decades’ farmers faced declining agricultural prices and low prices in developing countries. Therefore, in these countries agricultural price policies are under closer appraisal. Government and policy makers worry about inflation. Economic precision is required in determining prices. This understanding led to conception of the study. The specific objectives are to review various agricultural price theories, research evidences and construct the theory of agricultural price bubble and crash and their effect on macro economy and suggest measures to improve. The study reviews various agricultural price theories, concepts, policies, research gaps and do meta-analysis and formulated the theory of Agricultural prices bubble and price crash. Since 1950, many development economists and practitioners prophesy in developing countries is that low agricultural commodities prices discourage poverty alleviation. Many countries are unable to make successful pricing policies due to there is not enough operative methodological and theoretical support for decision-making. According to the economic theory of cooperativism, the entities come closer to the pecking order theory. Unexpected changes and changes in regulations can have significant impact on the profitability of farming activities. “Demand channel" is the crucial factor in elucidation of commodity price growth. Future prices moments in agriculture have fat-tailed distributions and display quick and unpredicted price jumps. World Trade Organization study highlights the importance of strengthening multilateral disciplines on both import and export trade interventions to food price fluctuations to reduce beggar-thy-neighbor unilateral trade policy. The theory of NAFTA regionalism did not lead to regionalization and not increasing share of intraregional international trade. In EU countries land rents in modern agriculture causing upward trend in agricultural land prices. Information friction, agricultural supports, agricultural price & trade policies, agricultural price transmission are responsible price fluctuations. In economic theory, asymmetric price transmission has been the subject of considerable attention in agricultural gaps. Selection of forecasting models are based on chaos theory. Chaos in agricultural wholesale price data provides a good theoretical basis for selecting forecasting models. This theory can be applied to agricultural prices forecasting. Novelties in agricultural products fluctuations research offer scientific basis in planning of agricultural production.
3
Abler, David. "Multifunctionality, Agricultural Policy, and Environmental Policy." Agricultural and Resource Economics Review 33, no. 1 (April 2004): 8–17. http://dx.doi.org/10.1017/s1068280500005591.
Повний текст джерелаАнотація:
In addition to supplying food and fiber, agriculture is a source of public goods and externalities. This article addresses two questions. First, do price and income support policies promote a multifunctional agriculture in an effective manner? Second, would policies targeted more directly at multifunctional attributes be more efficient than price and income support policies? The answer to the first question is no, at least for policies targeted at outputs (price supports, export subsidies, etc.). Public goods are not directly linked to production, but rather to land use and agricultural structures. Evidence in response to the second question is sketchier with respect to policies targeted at land.
4
Regmi, Hem Raj. "Rising Food Price and Its Consequences." Journal of Agriculture and Environment 9 (August 2, 2009): 93–97. http://dx.doi.org/10.3126/aej.v9i0.2123.
Повний текст джерелаАнотація:
Agricultural prices have risen worldwide sharply in the last two years, which has been a dilemma especially to policy makers. Higher agricultural prices would improve farmer's income and their living standards as well as investment in agriculture provided a fair mechanism of income transfer to them be instituted. However, the price rise seriously affects urban poors' food affordability and thus their livelihood. Various types of natural disasters particularly floods, droughts and landsides have affected agricultural crop production in Nepal resulting in fluctuations in food supplies and prices. Besides, policy measures associated with crop production, food balance and trade, petroleum price stabilization and liquor production directly or indirectly affect food market and prices. National food production, demand-supply, consumption and price scenarios and associated reasons are analyzed based on reviews of pertinent literatures. Key words: Food production, food consumption, demand-supply, price-scenario, NepalThe Journal of Agriculture and Environment Vol:.9, Jun.2008 Page: 93-97
5
Chaudhry, M. Ghaffar. "Recent Input-Output Price Policy in Pakistan's Agriculture: Effects on Producers and Consumers." Pakistan Development Review 34, no. 1 (March 1, 1995): 1–23. http://dx.doi.org/10.30541/v34i1pp.1-23.
Повний текст джерелаАнотація:
The paper analyses the impact of the input-output price policy in agriculture on producers and consumers. Trends in prices cause immense resource transfers from agriculture. with adverse consequences for investment, output, employment, and income distribution. To the extent that these transfers accrue to industrialists and the government, the poorest benefit the least. These deleterious effects can be minimised by assured world prices for agriculture and restoration of true competition in agricultural commodity and input marlcets. In agricultural input marlcets, elimination of corruption; excessive profiteering and overstaffing should serve as the basis of a cost reduction strategyand removal of input subsidies. In the specific case of irrigation water, equitable distribution, compatibility of water rate assessment and water supply bases, and elimination of overstaffing are the prime issues deserving immediate government attention.
6
Grega, L. "Price stabilization as a factor of competitiveness of agriculture." Agricultural Economics (Zemědělská ekonomika) 48, No, 7 (March 1, 2012): 281–84. http://dx.doi.org/10.17221/5321-agricecon.
Повний текст джерелаАнотація:
Price fluctuations make agriculture a risky business. High price fluctuation of agricultural commodities may have through its income effect a very unfavourable impact on the economic situation of agricultural subjects. In finding corresponding instruments of agricultural policy to stabilize prices and incomes, it is necessary to distinguish between various types of price changes. However, important question for conception of adequate price policy is how to protect against high price fluctuations and not to restrain function of price as a signal about market situation. Application of partial equilibrium analysis to evaluate impact of price stabilization policies is an adequate method, especially if price changes in the market do not cause significant price fluctuation in other markets. Using this methodological approach is possible to prove that price stabilization brings for common net benefit consumers and producers. However in practical application some additional aspects must be taken into account if dealing with stabilization of agricultural products prices.
7
Borawski, Piotr, Marta Guth, Wojciech Truszkowski, Dagmara Zuzek, Aneta Beldycka-Borawska, Bartosz Mickiewicz, Elzbieta Szymanska, Jayson Kennedy Harper, and James Willam Dunn. "Milk price changes in Poland in the context of the Common Agricultural Policy." Agricultural Economics (Zemědělská ekonomika) 66, No. 1 (January 27, 2020): 19–26. http://dx.doi.org/10.17221/178/2019-agricecon.
Повний текст джерелаАнотація:
Changes in the retail prices of pasteurised milk, purchase prices, and the price relationship between retail prices for pasteurised milk and other food products are analysed for Poland during the period from 2004–2018. In addition, the paper presents factors affecting changes in milk prices in Poland and characterises the Common Agricultural Policy (CAP) on the milk market. The adoption of a long period of analysis allows for the study of periods of both high and low variability. The data analysis uses various methods including the Augmented Dickey-Fuller (ADF) test and the Autoregressive-Moving-Average Model (ARMA). The milk market showed significant response because it was one of the few that was strongly administered by the European Union. These policies led to a significant increase in milk prices in the analysed period. The average price of pasteurised food milk increased by 63% in 2003–2015, and the purchase farm price of milk increased by 91.74%. The situation changed when the production limits were eliminated after 2015. In the initial period after quotas ended, the price of milk decreased and then increased. Similar changes were observed in other EU countries. Even short-term fluctuations associated with economic crises did not significantly affect the milk market.
8
Quaisser, Wolfgang. "Agricultural price policy and peasant agriculture in Poland." Soviet Studies 38, no. 4 (October 1986): 562–85. http://dx.doi.org/10.1080/09668138608411661.
Повний текст джерела
9
Boyd, Chris M., and Marc F. Bellemare. "The Microeconomics of Agricultural Price Risk." Annual Review of Resource Economics 12, no. 1 (October 6, 2020): 149–69. http://dx.doi.org/10.1146/annurev-resource-100518-093807.
Повний текст джерелаАнотація:
Much of neoclassical economics is concerned with prices—more specifically, with relative prices. Similarly, economists have studied behavior in the face of risk and uncertainty for at least a century, and risk and uncertainty are without a doubt a feature of economic life. It is thus puzzling that price risk—that is, unexpected departures from a mean price level, or price volatility—has received so little attention. In this review, we discuss the microeconomics of price risk. We begin by reviewing the theoretical literature, a great deal of which is concerned with the effects of unstable agricultural prices on the welfare of producers, consumers, and agricultural households. We then discuss the empirical literature on the effects of price risk on economic agents. We emphasize policy responses to agricultural price risk throughout, discussing price stabilization policies from both theoretical and empirical perspectives. Perhaps most importantly, we provide several suggestions for future research in the area of price risk given increasing risk on world agricultural markets due to both policy uncertainty and climate change.
10
HOLMSTROM, Dr S. "AGRICULTURAL PRICE POLICY IN SWEDEN." Journal of proceedings of the Agricultural Economics Society 10, no. 2 (November 5, 2008): 145–57. http://dx.doi.org/10.1111/j.1477-9552.1953.tb01865.x.
Повний текст джерела
11
Lian, Wenbo. "Research on the Impact of Economic Policy Uncertainty on Commodity Prices." International Journal of Accounting and Financial Reporting 12, no. 3 (August 8, 2022): 41. http://dx.doi.org/10.5296/ijafr.v12i3.20277.
Повний текст джерелаАнотація:
Global economic environment has an important impact on commodity prices. Economic policy uncertainty is an important indicator of global economic environment and an important factor affecting commodity prices. Through empirical research on the impact of global economic policy uncertainty index on global commodity composite index, it is found that Economic policy uncertainty on global commodities comprehensive index, the index of the commodities except gold (energy), fuel prices, oil prices index, the index of fossil fuel, food and beverage prices index, the food price index, industrial base of raw materials prices, agricultural prices index, the index of base metal prices, in addition to the gold metal price index, agriculture as the foundation of raw material The effect of material price index was significant, but not on beverage price index, metal price index, precious metal price index, fertilizer price index, natural gas price index and coal price index. The results show that the increase of economic policy uncertainty will lead to the decline of commodity price index. Therefore, the establishment and implementation of economic policies should consider its influence on the economic base -- commodities, which will have certain reference value for our economic reform.
12
Saxena, Raka, Rohit Kumar, and Mohd Arshad Khan. "Agricultural price policy and price linkages in India." Agricultural Research Journal 57, no. 3 (2020): 457. http://dx.doi.org/10.5958/2395-146x.2020.00068.x.
Повний текст джерела
13
Zhang, Xiaoyu, and Yongfu Liu. "The dynamic impact of international agricultural commodity price fluctuation on Chinese agricultural commodity prices." International Food and Agribusiness Management Review 23, no. 3 (September 30, 2020): 391–409. http://dx.doi.org/10.22434/ifamr2019.0172.
Повний текст джерелаАнотація:
The correlation between Chinese and international commodity prices may be nonlinear because of China’s minimum agricultural commodity purchase price policy and temporary storage policy. In order to research this nonlinear dynamic correlation mechanism, we construct a nonlinear Granger causality test model and a nonlinear autoregressive distribution lag model including Chinese and international agricultural commodity (soybean, corn, rice, and wheat) price variables. Our empirical results reveal that a unidirectional causal relation exists between international and Chinese prices for soybeans and corn; specifically, international prices of soybeans and corn Granger-cause Chinese prices of soybeans and corn. Moreover, the pass-through effects between Chinese and international commodity prices are asymmetric; Chinese agricultural commodity prices respond more strongly to positive shocks than negative shocks of international agricultural commodity prices.
14
Wang, Jiayue, Kun Ma, Ling Zhang, and Jianzhong Wang. "Study on Price Bubbles of China’s Agricultural Commodity against the Background of Big Data." Electronics 11, no. 24 (December 7, 2022): 4067. http://dx.doi.org/10.3390/electronics11244067.
Повний текст джерелаАнотація:
Agriculture provides a basis for social and economic development. It is therefore crucial for society and the economy to stabilize agricultural prices. Recent large increases and decreases in Chinese agricultural commodity prices have increased production risks, heightened fluctuations in the domestic agricultural supply, and impacted the stability of the global agricultural market. Meanwhile, big data technology has advanced quickly and now serves as a foundation for the investigation of time series bubbles. Identifying agricultural price bubbles is important for determining agricultural production decisions and policies that control agricultural prices. Using weekly agricultural price data from 2009 to 2021, this paper identifies agricultural price bubbles, pinpoints their time points, and examines their causes. According to our research, prices for corn, hog, green onions, pork, and ginger all have bubbles, but garlic do not. The quantity, length, time distribution, and type of bubbles differ significantly among corn, ginger, green onion, hog, and pork. The main causes for ginger and green onion price bubbles are speculation and natural disasters. Price bubbles for hog and pork are influenced by animal disease and rising costs. Conflicts between supply and demand and changes in price policy cause corn price bubbles to form. This paper advises that the government adopt various regulatory actions to stabilize agricultural prices depending on the characteristics and causes of the various types of agricultural price bubbles, it should also improve the early warning system and response mechanism for agricultural price bubbles and focus on how policies and market processes work together.
15
Diebold, William, John W. Mellor, and Raisuddin Ahmed. "Agricultural Price Policy for Developing Countries." Foreign Affairs 67, no. 1 (1988): 185. http://dx.doi.org/10.2307/20043704.
Повний текст джерела
16
Rao, J. Mohan. "Agricultural price policy for developing countries." Food Policy 14, no. 3 (August 1989): 293–94. http://dx.doi.org/10.1016/0306-9192(89)90051-1.
Повний текст джерела
17
Miller, Tracy, and George Tolley. "Technology Adoption and Agricultural Price Policy." American Journal of Agricultural Economics 71, no. 4 (November 1989): 847–57. http://dx.doi.org/10.2307/1242662.
Повний текст джерела
18
Tarasovych, Lyudmyla. "Price policy in the marketing system of agricultural enterprises." Management Theory and Studies for Rural Business and Infrastructure Development 36, no. 3 (October 14, 2014): 672–78. http://dx.doi.org/10.15544/mts.2014.064.
Повний текст джерелаАнотація:
The aim of the research is to explain the peculiarities and mechanisms of price formation the system of agricultural enterprises’ marketing. Research methods have scientific and analytical comparison, induction and deduction, analysis and synthesis. Place, role, and peculiarities of price policy formation in the system of marketing of agricultural enterprises are explained. Theoretically proven that effective functioning of agricultural enterprises is determined by pricing policy formation which is efficient and corresponds to the market. The pricing policy is considered as a system of actions directed on determining prices for products and services, and on formation of pricing strategy and tactics, and also on changing the level of prices depending on the competitive position of an enterprise on the market in order to hold the desired marketing chares in strategic perspective. The key ideas of complementary connection of pricing policy of agricultural enterprises with other directions of their marketing activity are described.
19
Du, Wenbin, You Wu, Yunliang Zhang, and Ya Gao. "The Impact Effect of Coal Price Fluctuations on China’s Agricultural Product Price." Sustainability 14, no. 15 (July 22, 2022): 8971. http://dx.doi.org/10.3390/su14158971.
Повний текст джерелаАнотація:
Few studies have used China’s latest economic data to verify the interaction between coal price fluctuation and vegetable price fluctuation. Therefore, the sharing of existing knowledge in the academic community is mainly reflected in this paper, which explores the influence between coal prices and agricultural product prices for the first time. Further, it supplements the verification of the effective parameters of vegetable price fluctuation in academia. The current study investigates the relationship between coal prices (thermal coal price) and agricultural product prices (vegetable prices) in China from 2016 to 2021. It uses separate time-series models to verify the effect of China’s coal price fluctuation on the price of agricultural products and explores the effect of the coal price on the vegetables’ price trend. The results confirm that the thermal coal price significantly impacts and positively affects vegetable prices. There is also a linkage between the price of coal and the security of agricultural products. It might mainly be due to coal usage in various stages of the growing, storage, transportation, and distribution of agricultural products. Higher coal prices may lead to higher agricultural prices, threatening China’s coal-dominant energy structure. These higher coal prices will endanger domestic energy security and agricultural security. Finally, this study also suggests ways to manage the effect of increased coal prices on agricultural product prices and then puts forward policy suggestions.
20
Barkley, Andrew P. "Wheat Price Policy in Pakistan: A Welfare Economics Approach." Pakistan Development Review 31, no. 4II (December 1, 1992): 1145–56. http://dx.doi.org/10.30541/v31i4iipp.1145-1156.
Повний текст джерелаАнотація:
The production of wheat is vital to the economy of Pakistan; wheat accounts for over one-third of planted acreage, contributes roughly one-third of the agricultural sector's value added, and is the major staple in the nation's diet. The growth rate of wheat production in Pakistan over the past thirty years has been phenomenal: nearly five percent per year [Cornelisse and Kuijpers (1987)]. This outstanding performance in the growth of wheat output is remarkable considering that it has occurred in spite of government intervention that has reduced incentives to wheat production. Economists have devoted much time and effort to the analysis of the divergence between domestic and international prices for agricultural commodities. Wheat prices that prevail in world markets represent the opportunity cost of agricultural resources, reflecting the scarcity value of the inputs used in the production of wheat. Economic efficiency occurs when domestic prices for both producer and consumers equals world prices. Government intervention often occurs for reasons other than economic efficiency; governments may distort domestic agricultural prices to increase revenues, promote industrialisation, maintain low food prices for industrial workers or low-income consumers, or insulate domestic producers from fluctuations in world commodity market prices. Government intervention that maintains the domestic price of wheat at levels lower than the world price results in decreased output levels and higher rates of consumption than would occur in a free market, free trade regime. This form of price intervention results in a transfer of income from wheat producers to wheat consumers, efficiency losses that represent foregone opportunities for agricultural resources, and an increase in government expenditures.
21
Vasile, Andrei, Iuliana Rădulescu, Luminiţa Chivu, Vasilii Erokhin, Dumitru Nancu, Tianming Gao, and Mile Vasić. "A short descriptive analysis of the European evolutions of input price indices of agricultural products between 2008-2017: Patterns, trends and implications." Strategic Management, no. 00 (2022): 22. http://dx.doi.org/10.5937/straman2200018a.
Повний текст джерелаАнотація:
Background: The evolutions of the inputs price and investment indices of the products in agriculture are not only determinant elements in understanding the fluctuations of the food price and the market instability, specific to the agricultural sector but also affects the agricultural production and traceability. Analyzing the European evolutions of the inputs price indices of agricultural products offer the possibility to understand the main trends and tendencies in the agricultural system by reviling the main trend tenancies during a nine year period long. Purpose: The main aim of the study is to investigate the evolution of input price indices of agricultural products in order to underline the specific patterns, trends and implications of the agricultural policies. In addition, the research pays a special attention to the investigation of the Romanian agricultural policy evolution on the most relevant time frame of economic conformity with the European agricultural model. The descriptive analysis is based on the specific annual datasets of price indices of the means of inputs in agricultural production, and the index of real prices of goods and services for investments in agriculture during 2008 - 2017, reported to 2010 as the baseline year. Findings/conclusions: The analyses confirms that the agricultural sector evolution has generated significant input and investment prince changes and unprecedented trend evolutions that led to the massive changes on the agricultural pattern. We strongly advocate and recommend for promoting a solid capacity and durable agricultural production systems and policies through sustainable and long term investments in order to avoid disruptive tendencies in the agricultural market system. Limitations/future research: The research explore the evolutions of the inputs price and investments indices of the products in the European agriculture only form the descriptive analysis without covering an extensive framework or considering other additional variables which consist the main limitation of this study. In a future research the authors will address and extend the research framework by inserting additional variables and items and propose a large and integrative model of analysys.
22
Chaudhry, M. Ghaffar, Ghulam Mustafa Chaudhry, and Muhammad Ali Qasim. "Growth of Output and Productivity in Pakistan’s Agriculture: Trends, Sources, and Policy Implications." Pakistan Development Review 35, no. 4II (December 1, 1996): 527–36. http://dx.doi.org/10.30541/v35i4iipp.527-536.
Повний текст джерелаАнотація:
The paper aims to review the growth performance of Pakistan’s agriculture from 1950 to 1995. The long-term growth rate of agriculture, although respectable, has exhibited considerable yearly fluctuations even between decades. The period of the fifties and early seventies lacked any growth. Accelerating and high growth rates marked the decade of the sixties but the performance has not been satisfactory since 1979-80 and average growth rates have barely exceeded the population growth rate, with widespread implications for growth of national economy, food security, and social welfare of the masses. Area, modern inputs, and technology have been the major determinants of growth but prices were equally important because of their incentive and disincentive effects. The agriculture price policies adopted during the 1980s are known to have had a negative effect on the development and use of technology in agriculture. In order to boost agricultural productivity, a change in price policy is needed to ensure incentive prices. This could be done by setting agricultural commodity prices at par with corresponding import and export parity prices. A higher investment in research and development can hardly be overemphasised. There is an urgent need to remove the bottlenecks in agricultural input markets since these markets represent the typical monopoly position. To break up the monopoly of registered dealers and to promote competition, free sales in the open market by interested parties and individuals may be allowed.
23
WAGAN, Zulfiqar Ali, Zhang CHEN, Seelro HAKIMZADI, and Muhammad Sanaullah SHAH. "Assessing the effect of monetary policy on agricultural growth and food prices." Agricultural Economics (Zemědělská ekonomika) 64, No. 11 (November 26, 2018): 499–507. http://dx.doi.org/10.17221/295/2017-agricecon.
Повний текст джерелаАнотація:
Agricultural growth is closely associated with sustainable economic development. This is especially true from the perspective of developing countries, such as India and Pakistan, where significant portions of the labour force are dependent on agriculture for their livelihood. This study analysed the impact of macroeconomic policy (i.e. monetary policy) on employment, food inflation, and agricultural growth by analysing to what extent monetary policy is effective in controlling food price inflation, the effect of contractionary monetary policy on the agricultural sector’s employment and productivity, and the extent of monetary policy transmission to money market rates and 10-year interest rates. We did so by applying a factor-augmented vector autoregressive model proposed by Bernanke et al. (2005) to agricultural data from 1995 and 1996 to 2016 for India and Pakistan, respectively. We found that tight monetary policy significantly reduced food inflation and agricultural production while increasing the rural unemployment rate. Short-term and 10-year interest rates increased owing to the contractionary monetary policies pursued by both countries. An inclusive monetary policy whereby policymakers work alongside governments to achieve price stabilisation and reasonable employment rates is recommended.
24
Jansik, Csaba, Lauri Kettunen, Heikki Lehtonen, and Jyrki Niemi. "Agricultural policy analysis with the AGMEMOD model: A new super model takes the stage?" Suomen Maataloustieteellisen Seuran Tiedote, no. 21 (January 31, 2006): 1–7. http://dx.doi.org/10.33354/smst.76000.
Повний текст джерелаАнотація:
This paper presents an econometric, recursive dynamic, partial equilibrium multi-commodity model for the Finnish agricultural sector developed within the AG-MEMOD modelling framework, a joint endeavour by several European research institutes. The objective of the AGMEMOD project is to build and validate an econometric model of the whole EU agricultural sector for projection and policy simulation purposes. The building blocks of the AGMEMOD model are the national policy models. The specific aim of the Finnish modelling project was to build a country model on a common format so that it would link-up to provide an integrated model for the whole EU. The different commodities in the model are linked together through cross-price effects in supply and demand equations and the price transmission equations that link domestic prices with EU prices. The responsiveness of the model to policy changes is demonstrated by comparing the results of different policy scenarios with that of the baseline scenario, i.e. continuation of the Agenda 2000 agricultural policy. The policy scenario examined in the paper is the CAP reform approved at the EU Agricultural Council in Luxembourg in 2003. The main impacts of the CAP reform in Finland can be summarised as follows. Changes in crop sector are moderate. As regards to milk, the results indicate that the additional 10 percent cut in intervention price of butter beyond the Agenda 2000 agreement is estimated to reduce milk producer price by 4 percent and total milk production by 6 percent relative to the baseline. The impact in the beef production is expected to be dominated by the developments on the dairy sector. Beef output will decline progressively to stand at around 6 percent below the baseline levels by 2010. Lower beef availability in the EU will trigger a rise in EU producer prices of some 6.5 percent and result a 3 percent higher producer price in Finland at the end of the simulation period compared to the baseline. Though the broad patterns of reactions to agricultural policy reform are fairly predictable, the specific details are not so. In particular, when several geographic markets simultaneously change the policy, the impact of policy reform depends not only on domestic price elasticities, but also on the transmission of domestic production and consumption adjustments to the other countries’ markets for that commodity, and the feedback effects between market prices and production and consumption decisions in the group of countries pursuing policy reform. It is also highly promising that the findings are consistent with the other studies on the impacts of CAP reform on Finnish agriculture. Thus although there remains substantial scope for further research on the model (improving the estimation and specification of the sub-models), the model offers considerable potential for application even without additional development.
25
SAGGI, KAMAL, and MARK WU. "Understanding Agricultural Price Range Systems as Trade Restraints: Peru–Agricultural Products." World Trade Review 15, no. 2 (February 9, 2016): 259–86. http://dx.doi.org/10.1017/s1474745615000750.
Повний текст джерелаАнотація:
AbstractAn agricultural price range system (PRS) aims to stabilize local prices in an open economy via the use of import duties that vary with international prices. The policy is inherently distortionary and welfare-reducing for a small open economy, at least according to the canonical economic model. We offer an explanation for why a government concerned with national welfare may nevertheless implement such a policy when faced with risk aversion and imperfect insurance markets. We also highlight open questions arising out of the Peru–Agricultural Products dispute for the WTO's Appellate Body to address in order to clarify how a PRS consistent with WTO rules could be designed. Finally, we discuss the possibility that a WTO member might resort to a free trade agreement (FTA) to preserve its flexibility to implement a PRS and how an FTA provision of this sort ought to be treated in WTO litigation.
26
Hammond, Jerome W. "Agricultural price and income policy in Norway." Food Policy 16, no. 4 (August 1991): 342–44. http://dx.doi.org/10.1016/0306-9192(91)90028-i.
Повний текст джерела
27
Ahn, Dukgeun, and David Orden. "China ‒ Domestic Support for Agricultural Producers: One Policy, Multiple Parameters Imply Modest Discipline." World Trade Review 20, no. 4 (May 4, 2021): 389–404. http://dx.doi.org/10.1017/s1474745621000100.
Повний текст джерелаАнотація:
AbstractThis paper assesses key issues in the dispute over the United States’ claim that for certain grains China exceeded its limits on domestic support under the Agreement on Agriculture (AoA) during 2012–2015. The panel first determined that the base years for the reference price in calculating China's market price support were 1996–1998, rather than 1986–1988 as stipulated in the AoA, and that production in the geographic regions where the support programs operated, not the smaller quantities purchased at administered prices, constituted eligible production. The panel then found China had exceeded its limits in each of the four years for wheat, Indica rice, and Japonica rice. The possibility was left open that a government can determine eligible production by setting maximum purchases at support prices in its regulatory framework. China used this option to claim that its programs for 2020 implemented the recommendations and rulings of the DSB. We argue that use of outdated fixed external reference prices to measure the price gap and to define eligible production by limits on purchases, distance calculation under the AoA from economic support measurement. The measurement issues compound the discord among Members over levels of agricultural support.
28
Čermáková, Klára, and Eduardo Aguiar Henrique Filho. "Effects of Expansionary Monetary Policy on Agricultural Commodities Market." Sustainability 13, no. 16 (August 19, 2021): 9317. http://dx.doi.org/10.3390/su13169317.
Повний текст джерелаАнотація:
Agricultural commodities experienced a rise in prices during the first decade of the 2000s. The literature shows that the monetary policies adopted by developed economies can influence practically all economic indicators of developing markets. This paper aims to evaluate the effect of selected monetary policy measures on the prices of three selected agricultural commodities: soy, corn and sugar. Secondly, the study analyzes the price formation of these commodities during a period of expansionary monetary policy, in order to better understand how they are influenced by unconventional instruments. The central hypothesis is that the excessive liquidity created by the FED spills over to emerging economies, boosting investment and consumption there and, lastly, causing a commodity cycle. Our data (January 2000–December 2019) support this hypothesis and prove that expansionary monetary policy is capable of impacting agricultural commodities’ prices, but by different channels, due to the specificities of each commodity. The fact that people have more capital due to the credit obtained from loans seems to influence the price of sugar; soy is highly influenced by exchange rates of emerging markets, and corn is not very responsive to the used variables, which might be due to the high production rates of this commodity in the U.S. and the protectionist policies adopted by the government.
29
Felis, Paweł, Joanna Szlęzak-Matusewicz, and Henryk Rosłaniec. "Can Local Tax Policy Be Efficient? Polish Communes' Agricultural Tax Policy." Lex localis - Journal of Local Self-Government 16, no. 4 (October 23, 2018): 649–71. http://dx.doi.org/10.4335/16.4.649-671(2018).
Повний текст джерелаАнотація:
In this article we present the research of local agricultural tax policy in Poland. It is a specific kind of tax as its volume depends on an artificial measure, i.e. the price of rye. The article aims to find out if with this construction of tax the local tax policy may be efficient. Our research proves that the lower the share of agricultural tax in property taxes, the more efficient is the tax policy. The reduction in the agricultural tax correlates positively with the growth in agricultural tax in the current year, and also to a lesser extent in the next year. Higher rye prices result in an increased reduction in agricultural tax rates as well as in tax revenues, and the tendency is reversed in the following year.
30
Dash, Santosh K. "Structuralist Vs. Post-Keynesian Theory: Industrial Pricing in India." Asian Journal of Empirical Research 6, no. 7 (November 5, 2016): 187–200. http://dx.doi.org/10.18488/journal.1007/2016.6.7/1007.7.187.200.
Повний текст джерелаАнотація:
How is industrial price determined in India? Using 40 years data spanning from 1970-71 through 2009-10 we provide fresh evidence to this question. We ask whether industrial pricing responds more to wage cost that rises with exogenous factors such as food prices (Structuralist theory) or to the endogenous need to finance new investment (i.e., Post-Keynesian theory). Though both the theories argue that industrial price is cost-determined, yet they differ in their methodology and thus, policy implication differs. We use Engel-Granger cointegration test and ARDL bounds test to answer the question. Since data support both the theories, a non-nested test is conducted where we find that the Structuralist theory outperforms its rival. This points out to the important role of agricultural goods in general, and food prices in particular in industrial price. The policy implication of this finding is that since agricultural prices play an important role in industrial price inflation, then monetary policy cannot control core inflation. Rather, the solution may lie in improving agricultural productivity through raising greater public investment.
31
von Hobe, Cord-Friedrich, Marius Michels, and Oliver Musshoff. "German Farmers’ Perspectives on Price Drivers in Agricultural Land Rental Markets—A Combination of a Systematic Literature Review and Survey Results." Land 10, no. 2 (February 10, 2021): 180. http://dx.doi.org/10.3390/land10020180.
Повний текст джерелаАнотація:
Despite the popularity of agricultural land markets as a research topic, a current literature review on price drivers on agricultural land rental markets is missing, which is crucial in order to gain an overview of the status quo. Furthermore, farmers’ perceptions of price drivers on agricultural land rental markets have not been considered sufficiently. Therefore, this study combines descriptive results from a survey with 156 German farmers conducted during 2019–2020 using purposive sampling and a systematic literature review. The systematic literature review reveals four important areas acting as price drivers in agricultural land rental markets: policy/Common Agricultural Policy (CAP), bioenergy, climate change, and market prices/competition. Based on the overview, several points of departure for further research are provided. Furthermore, results from the survey show that farmers’ perceptions of the relative importance of the price drivers differ from the results of scientific literature. Therefore, perceptions of farmers should be considered for possible policy interventions derived from scientific evidence.
32
Sayaka, Bambang, and Setyo Adhie. "Stabilisasi Harga Pangan Nonberas di Malaysia." Forum penelitian Agro Ekonomi 34, no. 1 (May 24, 2016): 71. http://dx.doi.org/10.21082/fae.v34n1.2016.71-86.
Повний текст джерелаАнотація:
<strong>English</strong><br />Malaysian Government applies policy on non-rice price stabilization through farmers’ product purchase, incentives for farmers, and retail price control. This paper aims (i) to review Malaysia’s policy on food production; (ii) to assess price control and farmers’ protection policy; and (iii) to learn a lesson from Malaysia’s success in stabilizing strategic goods prices. Ministry of Domestic Trade, Co-operatives and Consumerism (MDTCC) controls strategic goods price established by Malaysian Government. Federal Agricultural Marketing Agency (FAMA) controls domestic supply of agricultural products such that the prices are feasible to farmers but affordable to consumers. Ministry of Agriculture Indonesia could learn from success of this neighboring country in protecting farmers for producing agricultural products in order to maintain domestic supply and to stabilize food price.<br /><br /><br /><strong>Indonesian</strong><br />Pemerintah Malaysia melakukan stabilisasi harga pangan nonberas melalui jaminan pembelian hasil panen petani, insentif kepada petani, dan pengendalian harga eceran. Tulisan ini bertujuan untuk (i) melakukan tinjauan kebijakan Pemerintah Malaysia dalam produksi pangan; (ii) mempelajari kebijakan pengendalian harga pangan strategis dan perlindungan bagi petani; dan (iii) mengambil manfaat dari keberhasilan Malaysia dalam mengendalikan harga produk strategis. Kementerian Dalam Negeri, Koperasi, dan Kepenggunaan (KPDNKK) Malaysia mengendalikan harga eceran kebutuhan pokok yang sudah ditentukan oleh Pemerintah Malaysia. Federal Agricultural Marketing Agency (FAMA) mengendalikan pasokan produk pertanian ke pasar domestik dengan menjaga harga dasar yang menguntungkan bagi petani tetapi masih terjangkau bagi konsumen. Kementerian Pertanian Indonesia bisa belajar dari pengalaman negara jiran tersebut untuk membantu petani agar tetap bergairah menghasilkan produk pertanian sehingga pasokan dan harga pangan relatif stabil.
33
DASTAGIRI, M. B., B. GANESH KUMAR, A. DHANDAPANI, and NAGA SINDHUJA P V. "Economics of India’s agricultural domestic and international prices during WTO regime: signals and policies." Indian Journal of Agricultural Sciences 92, no. 5 (June 14, 2022): 587–92. http://dx.doi.org/10.56093/ijas.v92i5.124668.
Повний текст джерелаАнотація:
Prices play a great role in living economics. Prices act as signals for shortages and surpluses which help government, firms, consumers to respond to changing market conditions. The study was conducted at NAARM, Hyderabad. The study period was from 1990–91 to 2018–19. Trends, growth rates, terms of trade, instability, elasticities, domestic and international agriculture price analysis were employed for achieving objectives. An increasing trend of MSP has been found in India’s major agricultural crops. Minimum Support Price (MSP) growth rate of pulses were more than cereals and oilseeds. WPI growth rate of pulse crops was greater than the cereal and oilseed crops except sorghum. The variation in WPI of major agricultural commodities in India was stable except sunflower. Consumer food price index has shown more or less linear trends. It indicates Government monitoring food prices stable. The variation inexport price of rice and sunflower and import price of sorghum was stable. The study found that India has comparative advantage for rice, gram, groundnut and soybean crops in international markets. The export price elasticities of rice, wheat, gram, groundnut, soybean and sunflower was observed to be marginally higher than their import price elasticities. The findings can be useful to government in designing price fixing mechanism and monetary policy, distortion of prices and control of inflation
34
Hirsch, Cornelius, and Harald Oberhofer. "Bilateral trade agreements and price distortions in agricultural markets." European Review of Agricultural Economics 47, no. 3 (April 29, 2019): 1009–44. http://dx.doi.org/10.1093/erae/jbz004.
Повний текст джерелаАнотація:
Abstract Agricultural support levels are at a crossroad with reduced distortions in OECD countries and increasing support for agricultural producers in emerging economies observable over the last decades. This paper studies the determinants of distortions in the agricultural markets by putting a specific focus on the role of trade policy. Applying various different dynamic panel data estimators and explicitly accounting for potential endogeneity of trade policy agreements, we find that an increase in the number of bilateral free trade agreements exhibits significant short- and long-run distortion reducing effects. By contrast, our evidence suggests that WTO’s Uruguay Round Agreement on Agriculture has not been successful in systematically contributing to a reduction in agricultural trade distortions. From a policy point of view, our findings thus point to a lack of effectiveness of multilateral trade negotiations.
35
Mohammad, Faiz, and Sayyid Tahir. "Agricultural Prices in Pakistan: A Multimarket Analysis." Pakistan Development Review 27, no. 4II (December 1, 1988): 577–94. http://dx.doi.org/10.30541/v27i4iipp.577-594.
Повний текст джерелаАнотація:
This paper attempts to analyse the effects of changes in agricultural prices on different segments of the society. Taking the cases of two major crops; namely wheat and rice, and of agricultural inputs in general, it works out the 'own-price effects' and 'cross-price effects' of price changes on producers, consumers, and the government in Pakistan.1 In this way the paper provides a broad (multimarket) framework which could be used to evaluate the government's agricultural price policy.2 The paper is divided into three sections_ Section I discusses the methodological framework. The empirical analysis is provided in Section II. Section III deals with some tentative Conclusions inferable from this study.
36
Mahmood, Tahir, Afaq Ali Muluk, and Seema Zubair. "Afghanistan’s Food Security: Evidence from Pakistan and Afghanistan Wheat Price Transmission using Threshold Vector Error Correction Model (TVECM))." Journal of Applied Economics and Business Studies 5, no. 1 (March 30, 2021): 1–16. http://dx.doi.org/10.34260/jaebs.511.
Повний текст джерелаАнотація:
Afghanistan's food security mainly depends on Pakistan's wheat prospect, circumstances, agriculture policies, and market price dynamics. This study explores the price transmission mechanism of the wheat flour and wheat grain between Pakistan and Afghanistan using monthly price pairs from January 2003 through October 2017. The paper investigates the existing knowledge of how Pakistan’s agricultural policy and wheat market affects the wheat market and food security of Afghanistan. The results confirm that the wheat flour price of Pakistan is found to be driving the price of wheat flour of Afghanistan. This implies that wheat flour price of Pakistan evolves independently, and that wheat flour price of Afghanistan balances any divergence in the long-run relationship between the two markets prices. The policy implication is to eradicate transaction costs as well as procuring timely wheat grain and flour, in order to maintain price stability between Pakistan and Afghanistan wheat markets.
37
Abokyi, Emmanuel, and Kofi Fred Asiedu. "Agricultural policy and commodity price stabilisation in Ghana: The role of buffer stockholding operations." African Journal of Agricultural and Resource Economics 16, no. 4 (December 31, 2021): 370–87. http://dx.doi.org/10.53936/afjare.2021.16(4).24.
Повний текст джерелаАнотація:
This paper investigates the extent of price volatility of maize and rice in Ghana following the introduction of public buffer stockholding operations (PBSO) as a policy to stabilise farm output prices in the last decade. We analysed price volatility using the generalised autoregressive conditional heteroscedasticity (GARCH(1,1)) modelling technique. This econometric technique was applied to market-level time-series data from selected major markets in Ghana from 2006 to 2015. The results indicate that price volatility for maize and rice has declined in the long run and, in the short run, shows relatively slow volatility transmission. The findings show that the buffer stockholding operations policy in the selected markets has stabilised the prices of the two commodities, especially in the long run. The results suggest that buffer stockholding operation policy remains a viable alternative for curbing high price volatility if structured well to fit the country context. We also conclude that climate change resilience measures are needed to be integrated into the agriculture and food systems of the country if we want to address the persistent price volatility of maize and rice in Ghana sustainably.
38
Tan, Yanwen, and Huasheng Zeng. "Price transmission, reserve regulation and price volatility." China Agricultural Economic Review 11, no. 2 (May 7, 2019): 355–72. http://dx.doi.org/10.1108/caer-04-2017-0062.
Повний текст джерелаАнотація:
Purpose The purpose of this paper is to examine whether Chinese pork reserve regulation policy fulfills its function in stabilizing market prices and simultaneously to theoretically and empirically analyze the causes leading to the failure of Chinese Government’s intervention in the market, especially in the context of asymmetric pork and hog price information transmission. Design/methodology/approach A modified Reserve-Cobweb model based on the competitive storage model developed by Muth in 1961 is employed to examine the transmission effect of hog and pork prices under the setting of Chinese Government’s pork reserve regulation policy, using the data on Chinese hog and pork prices from June 2009 to June 2015. Findings While the Reserve-Cobweb model provides theoretical insights, suggesting that the implementation of the government’s reserve policy tool to control price volatility actually leads to increased price volatility, the empirical results indicate that the policy induces hypercorrection and impels greater price volatility, especially in the context of existence of asymmetric price information transmission. Social implications The Chinese Government should reduce excessive pork price intervention and instead allow the market to play its role in the hog and pork markets. Originality/value This paper develops a modified Reserve-Cobweb model based on the price transmission effect on different links within the agricultural products supply chain, which is used to empirically validate the existence of asymmetric price information transmission between pork and hog price in China.
39
PIHAMAA, P., and K. PIETOLA. "Optimal beef cattle management under agricultural policy reforms in Finland." Agricultural and Food Science 11, no. 1 (January 1, 2002): 3–12. http://dx.doi.org/10.23986/afsci.5708.
Повний текст джерелаАнотація:
The supply for domestic beef has been decreasing sharply since Finland joined the European Union (EU) because profitability of beef production has been low. The goal of this study is to search for optimal beef management practices that increase returns on beef production in Finland. Numerical dynamic programming (DP) is used to simultaneously optimise feeding and timing of slaughtering. The DP-algorithm is solved under alternative subsidy, output price, and silage price scenarios. At 1998 prices and subsidies, the optimal carcass weight is estimated above 250 kg. The European Agenda 2000 reform is predicted to decrease the optimal carcass weight to 200 kg, which is 50 kg lower than under the 1998 prices and subsidies. This reform will increase farmer returns significantly and its income effect depends crucially on the price of silage. The results indicate also that the reform will result in adjustment of feeding. Particularly, farmers having high silage production costs will substitute feed concentrates for roughage in the diet. A farmer is entitled to a premium subsidy of FIM 200 (e33.63), provided that the carcass weight of a culled animal exceeds 270 kg. But when the Agenda 2000 reform is fully implemented, this premium subsidy is not large enough to supply carcasses heavier than 270 kg. The results suggest that carcass weights of at least 270 kg would require a premium subsidy of FIM 400-800 (e67-134). Rearing heavy animals will significantly increase production costs and, therefore, most of the subsidy will be taken away from the farm in terms of increased costs.;
40
Zhang, Xi-Xi, Lu Liu, Chi-Wei Su, Ran Tao, Oana-Ramona Lobonţ, and Nicoleta-Claudia Moldovan. "Bubbles in Agricultural Commodity Markets of China." Complexity 2019 (December 11, 2019): 1–7. http://dx.doi.org/10.1155/2019/2896479.
Повний текст джерелаАнотація:
We employ the generalized supremum augmented Dickey–Fuller test to examine whether there are multiple bubbles in Chinese agricultural commodities. The proposed approach is suitable for time series data and identifies the origination and termination of multiple bubbles. The results indicate the existence of bubbles for some agricultural commodity prices, such as garlic, ginger, corn, and wheat prices, that deviate from their intrinsic values upon market fundamentals. The bubbles in the garlic and ginger market are related to speculative activities. The other bubbles, in the corn and wheat market, are associated with the rising oil price, international market, and the negative effect of stockpiling policy. The authorities should recognize bubbles and observe their evolutions, leading to Chinese agricultural commodity price stabilization. These findings suggest corresponding measures to be implemented. China should establish a unified market information release platform to avoid speculative activities and formulate a market-oriented agricultural policy to enhance competitiveness among the international markets.
41
Mellor, John W. "Agricultural Price Policy for Growth (The Distinguishedl Lecture)." Pakistan Development Review 33, no. 4I (December 1, 1994): 497–532. http://dx.doi.org/10.30541/v33i4ipp.497-532.
Повний текст джерелаАнотація:
Superb agricultural resources, substantial investment, and relatively liberal macroeconomic policies have provided Pakistan with a high agricultural growth rate and strong multipliers of that agricultural growth to other sectors of the economy. Those growth rates and the consequent multipliers could have been much greater. More troubling, there are unsustainable elements to the past growth rates that are already showing themselves. Thus, without attention to key policy issues, Pakistan's agricultural and overall growth rates are bound to decline significantly. Indeed, that decline is already underway. Correct pricing, investment, and institutional development policies can reverse that decline and accelerate growth rates well beyond those of the past. Agricultural price policy is of central importance in its own right and plays an important indirect role in each of the other key policy areas. Thus, this paper, while concerned with agricultural growth and its multipliers, wraps the discussion around price policy issues.
42
Clark, J. Stephen, and K. K. Klein. "The Relationship Between Price Stabilization and Cycles in the Canadian Wheat Market." Agricultural and Resource Economics Review 23, no. 1 (April 1994): 22–28. http://dx.doi.org/10.1017/s106828050000037x.
Повний текст джерелаАнотація:
In this study, moving average price stabilization schemes were analyzed under the assumption of rational expectations. It was shown that moving average price schemes may induce cyclical behaviour into market prices where no cyclical pattern previously existed. Moving average price stabilization schemes are important to Canadian agricultural policy analysis because they are a characteristic of stabilization programs in Canada. Indeed, the Agricultural Stabilization Act, introduced in 1975, and the Gross Revenue Insurance Program, introduced in 1991, use moving average prices to calculate returns to producers.
43
Majeed Al Dujaili, Dr Jaafar Baqir. "The impact of the price support policy on stimulating wheat production in Iraq For the period 2010-2020." INTERNATIONAL JOURNAL OF RESEARCH IN SOCIAL SCIENCES & HUMANITIES 12, no. 02 (2022): 508–29. http://dx.doi.org/10.37648/ijrssh.v12i02.034.
Повний текст джерелаАнотація:
Despite the importance and effectiveness of the policy of supporting agricultural prices, in Iraq, support for the requirements of agricultural production has been discontinued and is limited to supporting the final product and exclusively strategic crops. After the US occupation in 2003, but after 2008, the state resumed some support activities represented by financial loans through the agricultural initiative, according to which large loans were given and hundreds of billions of dinars without interest, in addition to providing limited support for some agricultural production requirements such as fertilizers, harvesters and drawers, in addition to subsidizing Prices of the final product of wheat. However, despite the high purchase price of wheat, the price impact on wheat production was weak, not the imbalance in the price, but rather a significant rise in production costs due to the weakness and limited government support for production requirements and its limitation to fertilizers, drawers and harvesters, and the cessation of support for improved seeds and pesticides. In addition to the significant rise in the prices of oil derivatives that are included in most agricultural operations through diesel generators for irrigation, pullers and harvesters. The high wages of transport and manpower, and the weak margin of government support compared to the significant increase in the prices of agricultural production inputs. As well as the weakness of the financial and information capabilities of the Iraqi farmer, in contrast to the monopoly of international companies on the elements of the agricultural technology package, which prevented their import. Therefore, this research came to shed light on the nature of government support, and to know the extent of the impact of the price support policy on wheat production in Iraq. Support the prices of the final output.
44
Xie, Lin, Jiahua Liao, Haiting Chen, Xuefei Yan, and Xinyan Hu. "Is Futurization the Culprit for the Violent Fluctuation in China’s Apple Spot Price?" Agriculture 11, no. 4 (April 12, 2021): 342. http://dx.doi.org/10.3390/agriculture11040342.
Повний текст джерелаАнотація:
China aims to utilize the futures market to stabilize agricultural product price fluctuation by quantifying the effects of risk transfer and price discovery. However, the role of futurization has been questioned and even posited as the cause of drastic fluctuations in spot market prices. This research aims to clarify the impact of futurization on the price fluctuation of agricultural products and to provide policy reference for the development of the agricultural futures market through the research. Here, we examine the spot price data for apples and use Interrupted time-series analysis (ITSA) and GARCH models to estimate the impact of apple futures on the volatility of spot prices. Our findings demonstrate that the launch of China’s apple futures did not increase the volatility of apple spot prices; that is, futurization was not the cause of skyrocketing apple spot prices. In the long term, our results suggest that futures will help reduce the volatility of apple spot prices and that the introduction of futures will ultimately reduce the price volatility of agricultural products.
45
Yang, Fan, Kirsten Urban, Martina Brockmeier, Eddy Bekkers, and Joseph Francois. "Impact of increasing agricultural domestic support on China’s food prices considering incomplete international agricultural price transmission." China Agricultural Economic Review 9, no. 4 (November 6, 2017): 535–57. http://dx.doi.org/10.1108/caer-01-2016-0001.
Повний текст джерелаАнотація:
Purpose The purpose of this paper is to develop a modelling approach that enables the analysis of long-term food security policies. Specifically, the authors explore the effect of China’s agricultural domestic support on its agricultural and food market by also considering the impact of incomplete price transmission. Design/methodology/approach The authors extend the standard Global Trade Analysis Project (GTAP) modelling framework. First, the authors incorporate incomplete price transmission into the GTAP model by generating tariff-equivalent price transmission elasticities. Second, the authors improve the current representation of China’s agricultural domestic support in the GTAP model and the underlying database by considering the production requirements and the trade-distorting effect of different policy instruments. Running a set of simulations, the authors examine first how the incorporation of incomplete price transmission affects the model’s results and second how increased agricultural domestic support affects China’s agricultural and food market accounting for incomplete price transmission. Findings Considering incomplete price transmission mitigates the domestic price increases as responses to high international agricultural prices, which also lead to an increase in China’s trade deficit and prohibits net food sellers from receiving high prices. In the long term, an increase in China’s agricultural domestic support to its World Trade Organisation de minimis commitment level would increase domestic agricultural production and reduce its demand pressure on the international market. Originality/value This paper contributes to the literature by examining the impact of increased agricultural domestic support on the domestic market while innovatively accounting for incomplete food price transmission. The authors combine econometric estimated price transmission elasticities and an extended GTAP framework to underscore the importance of enhancing the model’s ability in accounting for incomplete price transmission when analysing the impact of agricultural policies.
46
Yovo, Koffi, and Ismaïla Ganiyou. "Impact of Fertilizer Price Subsidy on Agricultural Growth in Togo." Applied Economics and Finance 10, no. 1 (December 30, 2022): 24. http://dx.doi.org/10.11114/aef.v10i1.5864.
Повний текст джерелаАнотація:
Fertilizer subsidy policy remains a major plank of inputs policies in Africa. Its objective is to improve agricultural productivity and reduce poverty among farmers. This article examines the impact of fertilizer prices subsidy on agricultural growth in Togo. The Autoregressive distributed lag (ARDL) modelling approach is used to analyse both short and long run impacts of fertilizer subsidy on agricultural growth. Using data from national and international sources over the period 1985 to 2016, the results show that, the impact of fertilizer price subsidy on agricultural growth is limited. The price subsidy did not significantly enhance agricultural growth neither in the short nor in the long run. Moreover, the results highlight the fact that factors, which play a major role in agricultural growth are expenditure, arable land and labour force. To improve the efficiency of fertilizer subsidy, the government should drop price subsidy policy at global level and experience alternative options, which would facilitate fertilizer access to poorer and more marginal farmers.
47
Schaffer, Harwood D., and Daryll E. Ray. "Agricultural supply management and farm policy." Renewable Agriculture and Food Systems 35, no. 4 (January 9, 2019): 453–62. http://dx.doi.org/10.1017/s1742170518000595.
Повний текст джерелаАнотація:
AbstractFor most economic goods market participants are ‘not forced to make a deal.’ They can walk away, perhaps permanently, or revisit a transaction later if the terms of trade are more to their liking. That is not the case for food. It is a biological necessity to participate in the food market. This coercive property of food demand and other unique market characteristics make the agricultural sector very unresponsive to changes in price and hence—in contrast to textbook expectations—its ability to quickly self-correct. In recent decades agricultural policy legislation has not taken into account the root causes of agriculture's chronic price and income problems. As a result, it has been largely ineffective and unnecessarily expensive. We argue in this paper that a well-designed supply management program can take agriculture's unique characteristics into account in a way that benefits farmers, consumers and the public as a whole.
48
AMATOV, AITBEK, and JEFFREY H. DORFMAN. "THE EFFECTS ON COMMODITY PRICES OF EXTRAORDINARY MONETARY POLICY." Journal of Agricultural and Applied Economics 49, no. 1 (January 18, 2017): 83–96. http://dx.doi.org/10.1017/aae.2016.34.
Повний текст джерелаАнотація:
AbstractThis article examines the relationship between Federal Reserve monetary policy and other macroeconomic indicators to both a broad commodity price index and an agricultural commodity price index by employing a vector error correction model. Excessive liquidity and the recent long period of ultralow interest rates appear to have played a statistically significant role in affecting prices in the commodities markets. The responses of commodity prices to monetary policy that we estimate generally conform to earlier findings, but the sensitivity of the responses appears different in the face of the unprecedented scope of recent Fed activism.
49
Parikh, Ashok, Alain De Janvry, and K. Subbarao. "Agricultural Price Policy and Income Distribution in India." Economic Journal 98, no. 389 (March 1988): 208. http://dx.doi.org/10.2307/2233533.
Повний текст джерела
50
Pollard, Stephen K., and Douglas H. Graham. "Price policy and agricultural export performance in Jamaica." World Development 13, no. 9 (September 1985): 1067–75. http://dx.doi.org/10.1016/0305-750x(85)90102-0.
Повний текст джерела