This article examines shock persistence in agricultural and industrial output in India. Drawing on the dual economy literature, the linkages between the sectors through the terms of trade are emphasised. However, different dual economy models make differing assumptions regarding the...

Export promotion has been central to India’s export-import policies since the late 1990s and exports are seen as a potential engine of growth. This paper examines India’s export-income relationship for 1950-99 using vector autoregressive models. Results show no cointegrating...

type="main" xml:id="jage12048-abs-0001" <title type="main">Abstract</title> <p>Since the early 1950s, Japanese farmland rents have been regulated and a consensus emerged that rent control led to market failure. Hypothesising a rent-formation model where rents are determined by prices, this paper estimates a threshold...</p>

Empirical analyses of calorie intake response to income have produced strong disagreement with some showing a low and statistically insignificant effect. Using cross-sectional data for 41 developing countries in 1992, calorie intake is significantly determined by per capita income, income...

This paper quantifies the contribution of exports to economic growth in Central and East European countries (CEECs) during transition. Two theoretical models are examined: the first is based on an aggregate production function which includes exports as an additional 'input'; while the second is...

Recent studies of spatial market integration have adopted error correction models to test for its existence and for market dominance. An integrated empirical framework is proposed here which tests for long-run spatial market integration between price pairs using a dynamic vector autoregressive...

This paper examines the farm—retail price spread for lamb from monthly UK data for 1979-1993. Using cointegration, it examines seasonal patterns in producer and retail prices and seeks to identify a long-run relationship between them. Results show that a long-run relationship exists, and that...