This paper assesses the implications of large-scale investments in biofuels for growth and income distribution. We find that biofuels investment enhances growth and poverty reduction despite some displacement of food crops by biofuels. Overall, the biofuel investment trajectory analyzed...

The paper reports on the construction and testing of a Standard International Food Policy Research Institute (IFPRI) computable general equilibrium model for South Africa. A 1998 social accounting matrix (SAM) for South Africa is compiled using national accounts information and recently released...

Agricultural growth in Africa has accelerated, yet most of this growth has been driven by land expansion. Land expansion potential is reaching its limits, urging governments to shift towards a green revolution type of productivity-led growth. Given the huge public investments required, this...

Zambia's strong dependence on copper exports has suppressed other tradables sectors, indicative of a Dutch disease phenomenon. The current copper crisis will have strong economic effects, possibly reversing such Dutch disease effects. We use a computable general equilibrium model built around a...

This research determines significant characteristics that can be used to identify developing countries which are likely to receive foreign direct investment into their food retailing industry. It also tests the likelihood that a real option value exists for the investment and that there is a...

Replaced with revised version of paper 07/16/04.

We develop a model of sorting and matching between borrowers and lenders across formal and informal credit markets in a developing country context. We highlight the role of risk both on credit access and sectoral choice. We examine how activity and sectoral choice vary across agents with...

This paper examines growth in the U.S. agricultural sector under the conditions hypothesized by endogenous growth theory. Public capital and R&D are explicitly considered to capture the effects of public inputs in a model based on dynamic duality theory. Results support some necessary conditions...

We measure impacts of agricultural intensification on environmental outcomes in the Philippines. We develop models of labor demand outside a forest zone and labor allocation and asset accumulation inside a forest zone to study household response to technical change. Using household data from...

This study compares the economic well-being of farm and nonfarm households using data from the 2004 Agricultural Resource Management Survey and the 2004 Survey of Consumer Finances. Comparisons are made in terms of income and wealth using Tukey-Kramer mean separation tests, regression analysis,...