By Robert E. Evenson, Prabhu Pingali
Quantity three of this sequence of the Handbooks in Economics follows on from the former volumes through targeting the elemental strategies of agricultural economics. the 1st a part of the quantity examines the advancements in human assets and expertise mastery. the second one half follows on by way of contemplating the approaches and influence of invention and innovation during this box. the results of industry forces are tested within the 3rd half, and the amount concludes via analysing the economics of our altering normal assets, together with the earlier results of weather change.
Overall this quantity kinds a accomplished and obtainable survey of the sphere of agricultural economics and is suggested studying for somebody with an curiosity, both educational or expert, during this quarter.
*Part of the renown Handbooks in Economics series
*Contributors are leaders in their areas
*International in scope and finished in insurance
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Additional info for Agricultural Development: Farmers, Farm Production and Farm Markets
In some parts of Africa, animal health problems slowed the introduction of animal power. Parts of Latin America, South Africa and a few parts of Asia were mechanized by 1950. But for most developing countries, mechanization took place after World War II. In the 1950s and 1960s there was a concern that implicit subsidies, lowering the real cost of purchasing planting, tillage and harvesting equipment, led to “premature” mechanization with consequent unemployment outcomes. It is generally true that many governments subsidized the cost of purchasing machinery.
E. F. Orazem in agriculture can raise rural incomes relative to urban incomes. The lack of either rural to urban migration or a reduction in food prices breaks the linkage between advances in agricultural technologies and overall growth [Matsuyama (1992)]. This scenario, however, may not fit actual experiences of most developing countries. To the extent significant subsectors of agriculture are in the nontraded sector (especially milk and fresh meat) technological advances will carry through as in the closed economy model.
This evidence does suggest that Asia clearly did have a supply side livestock revolution and that Latin America, while not matching crop TFP growth did realize livestock TFP growth. 20 Chapter 47 notes that livestock production systems range from “backyard” systems to highly commercial industrial systems with high degrees of specialization. As countries move from the backyard systems to the commercial systems, markets became more efficient and “structural change” occurs. Vertical coordination of markets and high levels of contracting characterize commercial systems.