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Hopkins, Jeffrey W.; Hanson, Kenneth; Somwaru, Agapi; Burfisher, Mary E.. |
By changing marginal prices and therefore production incentives, removal of government payments will result in a re-allocation of factors of production as farm households pursue alternative economic opportunities. At the economy-wide level these impacts are small, but closer inspection reveals that some household-level impacts will be larger and other households will be affected little if at all. The underlying heterogeneity of the agricultural sector results in variable adjustment along two dimensions. First, survey data show that payments are not evenly distributed so their removal does not have a uniform impact across the sector. Second, even if payments were evenly distributed, factor endowments are not, so that ability to enter into alternative... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Income; Labor; CGE; Micro-simulation; Agricultural and Food Policy. |
Ano: 2003 |
URL: http://purl.umn.edu/15750 |
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