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The Impact of Food Price Shock on Heterogenous Credit Constrained Firms AgEcon
Ciaian, Pavel; Kancs, d'Artis.
The paper analyses how the rising agricultural prices affect heterogenous farm access to inputs and production under credit market imperfections in the CEE transition countries. Using farm level panel data which contains 37416 observations, we estimate a farm credit constraint equation and find that small individual farms (IF) are on average more credit constrained than large corporate farms (CF). Using the estimated parameters we simulate the effect of the recent food price shock. Our results suggest that in the presence of credit market imperfections, the relatively less credit constrained CF benefit more from higher output prices than IF, as they are able to expand their production more flexibly. These findings have implications for the developing...
Tipo: Conference Paper or Presentation Palavras-chave: Credit constraint; Food price shock; Heterogeneous firms; Agricultural and Food Policy; Agricultural Finance; Production Economics; Q11; Q12; P23.
Ano: 2009 URL: http://purl.umn.edu/51428
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The differentiated effects of food price spikes on poverty in Uganda AgEcon
Boysen, Ole; Matthews, Alan.
This paper applies an integrated CGE-microsimulation model to analyse the impact of the 2006-08 increase in commodity prices on Uganda. Previous impact analysis studies suggested that the food price shock increased poverty in Uganda as there are more net food buyer than net food seller households. We show that the agriculture commodity price shocks were poverty-reducing, but the simultaneous increases in energy and fertiliser prices were poverty-increasing. Overall, poverty decreased in Uganda as a result of external price shocks in the 2006-08 period.
Tipo: Presentation Palavras-chave: Food price shock; Uganda; Microsimulation; Poverty; International Development; Risk and Uncertainty; O55; Q18..
Ano: 2012 URL: http://purl.umn.edu/122445
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