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Impacts of agricultural trade and market liberalization of food security in developing countries: comparative study of Kenya and Zambia 31
Nyairo, Newton Morara; Kola, Jukka; Sumelius, John.
The introduction of agricultural reforms has debatable effects on food security in developing countries. This research investigates how such effects influenced maize supply in two developing countries which were among the first to introduce agricultural reforms. Conclusions from the research suggest that agricultural reforms led to mixed results. This may be attributed to the sometimes stop-go nature of reform implementation. The mixed results are reflected in the weak maize output response to price changes. Overall country economic conditions, state of agricultural development can be attributed to the pace of response, hence effect on agricultural supply. Elasticity of maize output to changes in price and acreage are strongly significant in maize output...
Tipo: Journal Article Palavras-chave: Food security; Agricultural reforms; Elasticity of supply; International Relations/Trade.
Ano: 2010 URL: http://purl.umn.edu/96172
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Farm debt in transition countries: Lessons for Tajikistan 31
Lerman, Zvi; Sedik, David J..
Farms in Tajikistan currently face a severe debt crisis that has been caused by a combination of two factors typical of such situations in many countries: (a) the inability of the farms to make a profit under current conditions and (b) continued lending by the banks to cotton producers regardless of reduced payment capacity and lack of credit-worthiness. The paper traces the accumulation of farm debt in Tajikistan to pervasive government intervention in both financing and production decisions, which has led to soft budget constraints and moral hazard behavior. The purpose of the paper is to inform the debate around the issue of cotton farm debt in Tajikistan by studying the experience of other countries that had to contend with farm debt overhangs in the...
Tipo: Conference Paper or Presentation Palavras-chave: Farm debt; Transition economies; Tajikistan; CIS; Israel; Farm restructuring; Agricultural reforms; Agricultural Finance; Institutional and Behavioral Economics; Q140; P210; P320; G300.
Ano: 2009 URL: http://purl.umn.edu/49253
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