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Registros recuperados: 9
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A 2004 Social Accounting Matrix for Israel: Documentation of an Economy-Wide Database with a Focus on Agriculture, the Labour Market, and Income Distribution AgEcon
Siddig, Khalid H.A.; Flaig, Dorothee; Luckmann, Jonas; Grethe, Harald.
This document describes the Israeli Social Accounting Matrix (SAM) for the year 2004, developed by the Agricultural and Food Policy Group at the University of Hohenheim. The SAM is a part of a larger research project which aims to analyse several economic, trade, and labour policies in the context of economic integration of agriculture between Israel and the West Bank. Data are obtained from various sources in Israel. Sources include the Israeli Central Bureau of Statistics (ICBS), the Central Bank of Israel (CBI), and the Israeli Tax Authority (ITA). Data from sources outside of Israel are used to fill-in some gaps in the domestic reports. External sources include the World Trade Organization (WTO), the Organisation for Economic Co-operation and...
Tipo: Working or Discussion Paper Palavras-chave: SAM; IO Table; CGE; Database; Israel.; Agricultural and Food Policy; Consumer/Household Economics; Labor and Human Capital; C6; C8; D1; D3; D5; D6; E2; E6; F1; F2; H2.
Ano: 2011 URL: http://purl.umn.edu/110156
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Adjustment is Much Slower than You Think AgEcon
Caballero, Ricardo J.; Engel, Eduardo M.R.A..
In most instances, the dynamic response of monetary and other policies to shocks is infrequent and lumpy. The same holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and prices. We show that the standard practice of estimating the speed of adjustment of such variables with partial-adjustment ARMA procedures substantially overestimates this speed. For example, for the target federal funds rate, we find that the actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the speed of adjustment inferred from aggregates of a small number of agents is likely to be close to instantaneous. While aggregating across microeconomic units...
Tipo: Working or Discussion Paper Palavras-chave: Speed of adjustment; Discrete adjustment; Lumpy adjustment; Aggregation; Calvo model; ARMA process; Partial adjustment; Expected response time; Monetary policy; Investment; Labor demand; Sticky prices; Idiosyncratic shocks; Impulse response function; Wold representation; Time-to-build; Financial Economics; C22; C43; D2; E2; E5.
Ano: 2003 URL: http://purl.umn.edu/28419
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Agricultural Efficiency Gains and Trade Liberalization in Sudan AgEcon
Siddig, Khalid H.A.; Babiker, Babiker Idris.
The traditional agriculture in Sudan occupies 60% of the total cultivated land and employs 65% of the agricultural population. Nevertheless, it is characterized by its low crop productivity, which is mainly driven by low technical efficiency, while drought and civil conflicts threaten most of its areas countrywide. Therefore, it has contributed only an average of 16% to the total agricultural GDP during the last decade. This paper addresses from an empirical point of view the sectoral and macroeconomic implications of agricultural efficiency improvement in Sudan and assesses the efficiency gains under the assumption of trade liberalization. Efficiency improvement experiments are implemented by augmenting the efficiency parameters of labor, capital, and...
Tipo: Working or Discussion Paper Palavras-chave: Agricultural efficiency; Liberalization; Sudan SAM; CGE analysis; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Consumer/Household Economics; Crop Production/Industries; Food Security and Poverty; Labor and Human Capital; Land Economics/Use; Production Economics; Productivity Analysis; D2; D5; D6; E1; E2; F1; F2; H2.
Ano: 2011 URL: http://purl.umn.edu/112786
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Agricultural Growth and Poverty Reduction: The Case of Mexico AgEcon
Soloaga, Isidro.
Poverty levels have been diminishing in Mexico since the late 90's, although several regions still show high levels of poverty, and they are extremely high in some rural areas. This paper have addressed the issue of the linkages between sectoral growth (urban/rural) and poverty levels. It was found that although both types of growth impacted negatively on poverty levels in Mexico, rural growth seems to have a higher power in improving consumption per capita of the poorest among the poor people. Moreover, the only inter-sector linkage found was the one that connects rural growth with urban poverty for those people above the food -poverty line but below the moderate poverty line. Exploring plausible channels, we have found that rural growth enhances equality...
Tipo: Conference Paper or Presentation Palavras-chave: Food Security and Poverty; International Development; O18; O5; E2; J43.
Ano: 2006 URL: http://purl.umn.edu/25277
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AGRICULTURAL POLICY UNCERTAINTY AND ANTICIPATORY FIRM LEVEL ADJUSTMENTS AgEcon
Lagerkvist, Carl Johan.
This paper investigates, through a dynamic stochastic adjustment model the extent to which an active agricultural policy can be the source of volatility in agricultural investment. It is shown that noise in formulation of agricultural policy has adverse effects even in cases where earlier results would take that investment is increased.
Tipo: Conference Paper or Presentation Palavras-chave: Uncertainty; Agricultural Policy; Investment; Agricultural and Food Policy; Financial Economics; Risk and Uncertainty; D8; E2; H20; Q18.
Ano: 2000 URL: http://purl.umn.edu/21734
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Elasticities of Demand for Consumer Credit AgEcon
Karlan, Dean S.; Zinman, Jonathan.
The price elasticity of demand for credit has major implications for macroeconomics, finance, and development. We present estimates of this parameter derived from a randomized trial. The experiment was implemented by a consumer microfinance lender in South Africa and identifies demand curves that, while downward-sloping with respect to price, are flatter than recent estimates in both developing and developed countries throughout most of a wide price range. However, demand becomes highly price sensitive at higher-than-normal rates. We discuss several interpretations of this kink and present some related evidence. We also find that loan size is far more responsive to changes in loan maturity than to changes in interest rate. This pattern is more pronounced...
Tipo: Working or Discussion Paper Palavras-chave: Credit markets; Microfinance; Demand elasticity; Development finance; Maturity elasticity; Consumer credit; Liquidity constraints; Consumer/Household Economics; Demand and Price Analysis; D1; D9; E2; G2; O1.
Ano: 2005 URL: http://purl.umn.edu/28485
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Microeconomic Flexibility in Latin America AgEcon
Caballero, Ricardo J.; Engel, Eduardo M.R.A.; Micco, Alejandro.
We characterize the degree of microeconomic inflexibility in several Latin American economies and find that Brazil, Chile and Colombia are more flexible than Mexico and Venezuela. The difference in flexibility among these economies is mainly explained by the behavior of large establishments, which adjust more promptly in the more flexible economies, especially when accumulated shocks are substantial. We also study the path of flexibility in Chile and show that it declined in the aftermath of the Asian crisis. This decline can account for a substantial fraction of the large decline in TFP-growth in Chile since 1997 (from 3.1 percent per year for the preceding decade, to about 0.3 percent after that). Moreover, if it were to persist, it could permanently...
Tipo: Working or Discussion Paper Palavras-chave: Microeconomic rigidities; Creative-destruction; Job flows; Restructuring and reallocation; Productivity growth; Financial Economics; E2; J2; J6.
Ano: 2004 URL: http://purl.umn.edu/28527
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Reforms and Efficiency Change in Transition Agriculture AgEcon
Swinnen, Johan F.M.; Vranken, Liesbet.
Studies on efficiency changes in transition agriculture yield mixed results. This paper develops both a theoretical model and an empirical analysis of how distribution of efficiency scores changes with the various stages of transition. We use a unique set of representative farm survey data to calculate farm level efficiency scores, compare the efficiency distributions of different transition countries and correlate these with various indicators of particular reforms. Our study indicates that, in particular, general institutional reforms and reforms focused on market institutions and on reducing market imperfections in input and output markets have an important positive impact on farm efficiency.
Tipo: Conference Paper or Presentation Palavras-chave: Transition; Production efficiency; Reforms; Agribusiness; P2; E2; P21.
Ano: 2005 URL: http://purl.umn.edu/24707
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Three Strikes and You're Out: Reply to Cooper and Willis AgEcon
Caballero, Ricardo J.; Engel, Eduardo M.R.A..
Cooper and Willis (2003) is the latest in a sequence of criticisms of our methodology for estimating aggregate nonlinearities when microeconomic adjustment is lumpy. Their case is based on “reproducing” our main findings using artificial data generated by a model where microeconomic agents face quadratic adjustment costs. That is, they supposedly find our results where they should not be found. The three claims on which they base their case are incorrect. Their mistakes range from misinterpreting their own simulation results to failing to understand the context in which our procedures should be applied. They also claim that our approach assumes that employment decisions depend on the gap between the target and current level of unemployment. This is...
Tipo: Working or Discussion Paper Palavras-chave: Adjustment hazard; Aggregate nonlinearities; Lumpy adjustment; Observed and unobserved gaps; Quadratic adjustment; Research Methods/ Statistical Methods; E2; J2; J6.
Ano: 2004 URL: http://purl.umn.edu/28498
Registros recuperados: 9
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