Prices and Productivity in Agriculture

Abstract
Developing countries often tax agriculture heavily, a practice that might affect the productivity as well as the quantity of resources allocated to agriculture. A variable-coefficient cross-country agricultural production function is estimated, with past price expectations among the determinants of the production coefficients. Productivity's responsiveness to those expectations implies that had these developing economies eliminated price interventions, agricultural productivity would have increased on average by about a fourth.

This publication has 0 references indexed in Scilit: