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Registros recuperados: 39 | |
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Fleming, Euan M.. |
The aim in this note is to reintroduce the single factoral terms of trade into the policy arena. This economic concept has scarcely been used by analysts or policy makers over the past three decades. It is defined and compared favourably with other terms of trade concepts in terms of their usefulness to agricultural policy makers in Australia. A distinction is made between the single factoral terms of trade from the viewpoint of the farm business and from the viewpoint of the farm household, but only slightly different indices are specified in each case because of the very high positive correlation between farm prices paid and consumer prices. Developing industry-level indices appears to be a more attractive way to proceed given the substantially different... |
Tipo: Journal Article |
Palavras-chave: Net barter terms of trade; Single factoral terms of trade; Total factor productivity; Farm Management; International Relations/Trade. |
Ano: 2007 |
URL: http://purl.umn.edu/118322 |
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Fleming, Euan M.; Fleming, Pauline. |
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... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Factoral terms of trade; Melanesia; Smallholders; Total factor productivity; International Development; D24; O12; O47; Q17. |
Ano: 2006 |
URL: http://purl.umn.edu/25715 |
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Registros recuperados: 39 | |
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