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What are the long-term drivers of food prices? Investigating improvements in the accuracy of prediction intervals for the forecast of food prices AgEcon
Benjamin, Catherine; Houee-Bigot, Magalie; Tavera, Christophe.
Over the last few years, the prices of the main agricultural raw materials have been highly volatile. The situation is unprecedented, both in the magnitude of the upward and downward volatility observed, and in the number of agricultural commodities affected. Various factors are contributing to these contrasting shifts: the role of emerging countries, changing dietary habits, an increase in energy demand related to the boom in biofuels, adverse weather conditions and speculation. In this paper we try to capture long-term relationships between crop prices and crude oil price using a partial equilibrium and times series method. The study finds little empirical evidence that the crude oil price have a significant influence on the variation of major vegetable...
Tipo: Conference Paper or Presentation Palavras-chave: Partial equilibrium modeling; Forecasting cointegration; Demand and Price Analysis; Q11; Q13; Q42.
Ano: 2009 URL: http://purl.umn.edu/49436
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Measuring the Effects of Alternative Support Policy Instruments on Beef Supply AgEcon
Benjamin, Catherine; Piot-Lepetit, Isabelle.
The European Union beef market regulation is largely influenced by the Common Agricultural Policy (CAP). With the 1992 CAP reform, there was a partial shift by the EU from product price support to a more direct form of income support by way of direct payments. For beef there was a move to direct payments on intermediate products which was essentially a direct payment for the possession of various categories of animals and these were linked to a land resource base. The Agenda 2000 reform consists in a further price decrease associated with an increase in direct payments. The objective of this paper is to assess how the behaviour of beef producers is sensitive to changes in production prices and to changes in premiums. The analysis relies on an analytical...
Tipo: Conference Paper or Presentation Palavras-chave: Beef supply; Dynamic modelling; Expectations; Direct payments; Common Agricultural Policy; Agricultural and Food Policy; C61; Q12; Q18.
Ano: 2002 URL: http://purl.umn.edu/24781
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FARM WORK, OFF-FARM WORK, AND HIRED FARM LABOR: ESTIMATING A DISCRETE-CHOICE MODEL OF FRENCH FARM COUPLES' LABOR DECISIONS AgEcon
Benjamin, Catherine; Kimhi, Ayal.
We estimate jointly three types of discrete-choice labor decisions of farm couples: farm work, off-farm work, and hired farm labor. Using a 16-choice multinomial logit model, we find that operators' and spouses' farm labor are substitutes. Hired farm labor increases with farmers' qualifications, perhaps substituting for the couples' labor inputs. Other adults in the households substitute for the farm labor input of the farm couple and hired workers.
Tipo: Conference Paper or Presentation Palavras-chave: Labor and Human Capital.
Ano: 2003 URL: http://purl.umn.edu/22150
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MODELLING DYNAMIC BEEF SUPPLY RESPONSE USING A MICROECONOMIC APPROACH: AN APPLICATION TO THE FRENCH CATTLE SECTOR AgEcon
Benjamin, Catherine; Piot-Lepetit, Isabelle.
This paper was presented at the INTERNATIONAL TRADE IN LIVESTOCK PRODUCTS SYMPOSIUM in Auckland, New Zealand, January 18-19, 2001. The Symposium was sponsored by: the International Agricultural Trade Research Consortium, the Venture Trust, Massey University, New Zealand, and the Centre for Applied Economics and Policy Studies, Massey University. Dietary changes, especially in developing countries, are driving a massive increase in demand for livestock products. The objective of this symposium was to examine the consequences of this phenomenon, which some have even called a "revolution." How are dietary patterns changing, and can increased demands for livestock products be satisfied from domestic resources? If so, at what cost? What will be the flow-on...
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade; Demand and Price Analysis.
Ano: 2001 URL: http://purl.umn.edu/14541
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Measuring Competition between Non-Food and Food Demand on World Grain Markets : Is Biofuel Production Compatible with Pressure for Food Production ? AgEcon
Benjamin, Catherine; Houee-Bigot, Magalie.
The flow of agricultural products between countries is conditioned by several factors including domestic and trade policy tools for the main competing exporters countries, and macroeconomic variables (such as real income per capita, rate of population growth,etc). Important structural changes are occurring on world agricultural markets that will have an impact on the long term competitiveness of countries and regions. These changes include developments in biofuels production linked to policy incentives, and the rapid growth in income and population numbers in some developing countries (such as India and China). An important issue is to identify the factors that are going to modify the balance between the supply and demand for agricultural products in the...
Tipo: Conference Paper or Presentation Palavras-chave: Modeling; Econometric; Partial equilibrium; Land uses; Biofuels; Demand and Price Analysis; International Relations/Trade.
Ano: 2007 URL: http://purl.umn.edu/9854
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HOUSEHOLD BEHAVIOR WITH IMPERFECT LABOR MARKETS AgEcon
Sadoulet, Elisabeth; de Janvry, Alain; Benjamin, Catherine.
A household model with differential asset endowments and idiosyncratic transactions costs in accessing labor markets is developed to (1) explain membership of farm households to alternative labor regimes (sellers, employers, or self-sufficient in labor), (2) test for recursivity between production and consumption decisions selectively by labor regime, and (3) identify the determinants of differential labor productivity across labor regimes. The model is applied to a 1994 household survey of the Mexican land reform sector. (Forthcoming in the Journal of Industrial Relations)
Tipo: Working or Discussion Paper Palavras-chave: Consumer/Household Economics; Labor and Human Capital.
Ano: 1996 URL: http://purl.umn.edu/25044
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WORLD CEREALS MARKETS UNDER ALTERNATIVE COMMON AGRICULTURAL POLICY REFORMS AgEcon
Benjamin, Catherine; Gueguen, Chantal; Houee, Magalie.
Previous quantitative assessments of likely impacts of recent reforms of the Common Agricultural Policy (in particular the Agenda 2000) differ across empirical studies. Differences are mainly due to the ways the policy instruments are taken into account (explicit modeling or implicit modeling i.e. using ad-valorem equivalents). The aim of this paper is to assess empirically the impacts of recent reforms of the Common Agricultural Policy and the consequences of the Mid-Term proposals on world cereals markets. We develop an econometric, dynamic, multi-product, partial equilibrium commodity model that focuses on arable crops. Major exporters and major importers are modeled separately, other countries being included in a "rest of the world" category. For the...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy.
Ano: 2003 URL: http://purl.umn.edu/25913
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FARM WORK, OFF-FARM WORK, AND HIRED FARM LABOR: ESTIMATING A DISCRETE-CHOICE MODEL OF FRENCH FARM COUPLES' LABOR DECISIONS AgEcon
Benjamin, Catherine; Kimhi, Ayal.
We estimate jointly three types of discrete-choice labor decisions of farm couples: farm work, off-farm work, and hired farm labor. Using a 16-choice multinomial logit model, we find that operators' and spouses' farm labor are substitutes. Hired farm labor increases with farmers' qualifications, perhaps substituting for the couples' labor inputs. Other adults in the households substitute for the farm labor input of the farm couple and hired workers.
Tipo: Working or Discussion Paper Palavras-chave: Farm Management; Labor and Human Capital.
Ano: 2003 URL: http://purl.umn.edu/14990
Registros recuperados: 8
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