Testing the Induced Innovation Hypothesis in South African Agriculture PDF Download
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Author: Colin G. Thirtle
Publisher: World Bank Publications
ISBN:
Category : Agricultural innovations
Languages : en
Pages : 40
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Book Description
Author: Colin G. Thirtle
Publisher: World Bank Publications
ISBN:
Category : Agricultural innovations
Languages : en
Pages : 40
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Book Description
Author: Colin Thirtle
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
November 1995 Apparently factor prices do matter in agricultural production and in the selection of production technology. And in South Africa, more attention should be focused on the technological needs of small-scale farmers. Current policies sustain the bias toward labor-saving technical change, hardly appropriate for a labor-surplus economy in which small farmers in the former homelands face a chronic scarcity of land. Thirtle, Townsend, and van Zyl investigate whether factor prices matter in agricultural production and in the selection of production technology. Each stage of the analysis corroborates the inducement hypothesis, which implies that factor prices do matter in agricultural production and in the selection of production technology. The empirical results also suggest that observed rates and biases of technological change are influenced by average farm size, by spending on research and extension, and by favorable tax and interest-rate policies. In South Africa, the authors contend, more attention should be focused on the technological needs of small-scale farmers. The lobbying power of the large commercial farmers, combined with policies followed under apartheid, must have influenced the allocation of research and development funds between labor- and land-saving technical change. This will have distorted the technological bias toward labor-saving technical change, which is hardly appropriate for a labor-surplus economy in which small farmers in the former homelands face a chronic scarcity of land. These results show that factor prices do matter in agricultural production and the selection of production technology. And there seems to be merit to the World Bank's usual policy prescription -- structural adjustment and market liberalization -- for economies in which prices are controlled and distorted. They investigate the role of factor prices by applying cointegration techniques to a model of induced innovation based on the two-stage constant elasticity of substitution production function. This approach results in direct tests of the inducement hypothesis, which are applied to data for South African agriculture for the period 1947-92. They check the time series properties of the variables, establish cointegration, and construct an error correction model (ECM) that allows factor substitution to be separated from technological change. Finally, they subject the ECM formulation to tests of causality, which show that the factor price ratios induce the factor-saving biases of technological change. This paper --a product of the Office of the Director, Agriculture and Natural Resources Department -- is part of a larger effort in the department to design appropriate agricultural policies.
Author: George B. Frisvold
Publisher:
ISBN:
Category : Agricultural extension work
Languages : en
Pages : 28
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Book Description
Author: Hans P. Binswanger-Mkhize
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 448
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Book Description
Induced technical change and development; The theory of induced technical change; Some cases and tests; Induced institutional change.; Induced innovation and the Green Revolution.
Author:
Publisher: BRILL
ISBN: 9004425268
Category : Social Science
Languages : en
Pages : 356
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Book Description
Afrasian Transformations explores a dynamic nexus of transregional interactions that is reshaping political relations, economic flows and increasingly mobile lifeworlds on the one hand, and academic practices in African and Asian Studies as well as transregional research on the other.
Author: Johan Van Zyl
Publisher: World Bank Publications
ISBN:
Category : Agricultura - Sudafrica
Languages : en
Pages : 56
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Book Description
Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
ISBN: 9789251045534
Category : Business & Economics
Languages : en
Pages : 172
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Book Description
Includes 8 papers by various authors.
Author: Oncioiu, Ionica
Publisher: IGI Global
ISBN: 1522517804
Category : Computers
Languages : en
Pages : 321
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Book Description
Advancements in the digital world are bringing about rapid waves of change in organizational management. As such, it is increasingly imperative to discover ways for businesses to adapt to changes in the markets and seize various digital market opportunities. Driving Innovation and Business Success in the Digital Economy is an essential reference source for the latest research on the impact of digital computing and emerging technological innovations in the realm of business success. Featuring extensive coverage across a range of relevant perspectives and topics, such as IT outsourcing, sustainable development and online advertising, this publication is ideally designed for researchers, professionals and students seeking current research on the complex scope of the new economy.
Author: G.H. Peters
Publisher: Routledge
ISBN: 0429854390
Category : Business & Economics
Languages : en
Pages : 711
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Book Description
Published in 1999, the book is the proceedings volume of the 23rd International Conference of Agricultural Economists, held in Sacramento, California, in August 1997. It continues the series of triennial IAAE conferences.
Author: Abdel Hannachi
Publisher: BoD – Books on Demand
ISBN: 9533076992
Category : Science
Languages : en
Pages : 208
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Book Description
This book provides a general introduction to the popular topic of climate variability. It explores various aspects of climate variability and change from different perspectives, ranging from the basic nature of low-frequency atmospheric variability to the adaptation to climate variability and change. This easy and accessible book can be used by professionals and non professionals alike.
