| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A Reappraisal of the Role of Agriculture in Economic Growth in Melanesian Countries
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| Autores: |
Fleming, Euan M.
Fleming, Pauline
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| Data: |
2006-06-14
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| Ano: |
2006
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| Palavras-chave: |
Factoral terms of trade
Melanesia
Smallholders
Total factor productivity
International Development
D24
O12
O47
Q17
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| Resumo: |
Fortunes in the agricultural sectors of four of the largest South Pacific countries are traced in recent decades by estimating the single factoral terms of trade index. The single factoral terms of trade are measured for agriculture in four Melanesian countries-Fiji, Papua New Guinea, Solomon Islands and Vanuatu-over the period, 1970 to 2002. This index provides a useful method to assess changes in returns to factors employed in agricultural production in these countries. Except in Solomon Islands, farmers experienced a deteriorating index, indicating that they have reaped progressively lower returns to their resources. In Solomon Islands, returns to resources are shown to have increased slightly. A sustained contribution by the agricultural sector to economic growth requires a major improvement in returns to farm resources. Of the three components of the factoral terms of trade index, product price increases and cost decreases are argued to be unlikely to yield great dividends in the foreseeable future. Most potential lies in increasing TFP, which will depend on more effective work from the national research and extension services, and greater transfer of improved technologies from international research centres than achieved to date.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
22375
http://purl.umn.edu/25715
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| Editor: |
AgEcon Search
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| Relação: |
International Association of Agricultural Economists>2006 Annual Meeting, August 12-18, 2006, Queensland, Australia
Contributed Paper
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| Formato: |
22
application/pdf
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