The paper focus on the time adjustment paths of the exchange rate and agricultural producer and industrial prices in response to unanticipated monetary shocks following model developed by Saghaian et al. (2002). We employ Johansen's cointegration test along with a vector error correction model...

The paper focus on the time adjustment paths of the exchange rate and agricultural producer and industrial prices in response to unanticipated monetary shocks following model developed by Saghaian et al. (2002). We employ Johansen’s cointegration test along with a vector error correction model...

There now exists a large literature on price transmission in agro-food sectors. However, a great majority of empirical studies focus on the existence of asymmetry and, by and large, do not allow investigating the reason for its presence or absence. This is in sharp contrast to the theoretical...

In this paper we analyze the impact of the EU multi-level co-financing system on regional policy-making and priority setting taking the case of the agri-environmental program of Saxony-Anhalt in Germany. The implications of several co-financing scenarios are analyzed and compared to respective...

Many policy makers and businesses erroneously believe that rural populations, particularly in Africa, have no margin for savings over consumption needs. This study examines the potential for financial savings in rural Mozambican households by looking at the determinants of savings behavior. An...

Farm-level diversification involves adding income-generating activities at the farm household level, including livestock, local non-farm and off-farm pursuits undertaken by farm people. The objective of this paper is to consider questions arising from an apparent inconsistency. In this respect,...

The need for more comprehensive development models to capture the behavioural dynamics of peasants in subsistence economies was emphaiszed at the 1976 IAAE Conference (Deaton; Mbithi; and Shapiro). This emphasis is consistent with Polanyi's claim that as a social being, man acts to "safeguard...

Multiyear dynamic spatial models of the U.S. grain, oilseed, and livestock (GOL) economy show how to stabilize prices in this part of the world food economy. The standard GOL model can be operated at modest cost, well within the limits of previous price support and storage programmes operated by...