The Impact of Inflation on Investment in Agricultural Capital PDF Download
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Author: United States-Israel Binational Agricultural Research and Development Fund
Publisher:
ISBN:
Category : Agriculture, Cooperative
Languages : en
Pages : 148
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Book Description
Author: United States-Israel Binational Agricultural Research and Development Fund
Publisher:
ISBN:
Category : Agriculture, Cooperative
Languages : en
Pages : 148
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Book Description
Author: Yaaqov Goldschmidt
Publisher: Rowman & Littlefield
ISBN: 9780847674275
Category : Business & Economics
Languages : en
Pages : 230
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Book Description
This important book contributes significantly to our understanding of financial analysis in an inflationary environment. Major topics covered include the interest charges on working capital, the effect of debt finance on liquidity, the impact of inflation on tax liability resulting from interest on loans, and income measurement with a special emphasis on performance evaluation.
Author: James Hrubovcak
Publisher:
ISBN:
Category : Agricultural implements
Languages : en
Pages : 24
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Book Description
Author: L.R. Graca
Publisher:
ISBN:
Category :
Languages : en
Pages : 135
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Book Description
The major objetive addressed by this research was to estimate the effect of inflation on tractor sales in U.S. agriculture. To attain this objective, two vestor-autoregressive models of quarterly tractor sales were cenceptualized and estimated. The first model included the inflation rate as an explicit variable. Additional variables in the model include: tractor sales, real income, and real annual cost of tractors. The second model also included four variables: tractor sales, real income, an index of real cash flow, and an index of implicit real rental price of tractors taking income taxes into account. The second model was conceptualized in order to estimate the specific effects of inflation though the variables by tax laws (depreciation shield, real after-tax interest rate, and investment tax credit) and through the effects on cash flows. For both models, the following statistical procedures were performed: 1) a causality test; 2) the impulse response of tractor sales to shocks in other variables; 3) a forecast error variance decomposition; and 4) a historical decomposition of variance. Results for the first model found that inflation was a significant variable explaining tractor sales for the period 1961Q3-1982Q2. However, tractor sales found to be more sensitive to actual past changes in real annual cost and real income than to inflation. Results for the second model found a theoretically inconsistent causation (positive instead of negative) running from implicit rental price index to tractor sales. This result was a barrier to delineating the effect of inflation through tax laws. The real cash flow index (which increases with inflation) was the most important variable in explaining tractor sales for above period. The study concluded that inflation had a negative effect on tractor sales during the period 1961Q3-1982Q2. The magnitude of these effects were smaller than those from real annual cost and real income. The particular negative effect of inflation through cash flow stress might be an important factor concerning capital formation in agriculture. The importance of the reduced value of depreciation income-tax shield and lower real after-tax cost of capital as caused by inflation was not confirmed.
Author: Michigan State University. Department of Agricultural Economics
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Book Description
Author: Pascal Liu
Publisher: Food & Agriculture Organization of the UN (FAO)
ISBN:
Category : Business & Economics
Languages : en
Pages : 384
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Book Description
Substantial increases in agricultural investments in developing countries are needed to combat poverty and realize food security and nutrition goals. There is evidence that agricultural investments can generate a wide range of developmental benefits, but these benefits cannot be expected to arise automatically and some forms of large-scale investment carry risks for host countries. Although there has been much debate about the potential benefits and risks of international investment, there is no systematic evidence on the actual impacts on the host country and their determinants. In order to acquire an in-depth understanding of potential benefits, constraints and costs of foreign investment in agriculture and of the business models that are more conducive to development, FAO has undertaken research in developing countries.This publication summarizes the results of this research, in particular through the presentation of the main findings of case studies in nine developing countries. It presents case studies on policies to attract foreign investment in agriculture and their impacts on national economic development in selected countries in Africa, Asian and Latin America.
Author: Lyle P. Schertz
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 464
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Book Description
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451956029
Category : Business & Economics
Languages : en
Pages : 229
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Book Description
This paper discusses effects of inflation on economic development. A mild inflation may well encourage little, or no, evasion of the “inflation tax.” On the other hand, a strong inflation, and frequently a mild one also, will lead to community reactions which have effects like those of widespread tax evasion. A development policy may have wider aims than the encouragement of a high level of investment. Inflation has two effects on the desire for liquidity, which are related to the two basic reasons why individuals and businesses wish to hold liquid assets—the speculative and precautionary motives. Inflation increases the value of effective liquidity, thereby raising the community's desire for it, but it makes the most generally accepted store of liquidity unacceptable sources of protection. The control of inflation is only one of the problems facing a government wishing to encourage rapid economic development. The fight against illiteracy, the reform of bureaucratic practices, the building of basic sanitary facilities for the eradication of endemic diseases, the substitution of competitive for monopolistic trade practices, the encouragement of a widespread spirit of entrepreneurship, and the creation of an adequate amount of social capital, may be important prerequisites for rapid growth.
Author: Thorvaldur Gylfason
Publisher: International Monetary Fund
ISBN: 1451854137
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
This paper identifies some of the main determinants of exports and economic growth in cross-sectional data from the World Bank, covering 160 countries in the period 1985-1994. First, the linkages between the propensity to export and population, per capita income, agriculture, primary exports, and inflation are studied by statistical methods. Then, the relationship between economic growth and some of the above-mentioned determinants of exports and investment are scrutinized the same way. The main conclusion is that, in the period under review, high inflation and an abundance of natural resources tended to be associated with low exports and slow growth.
Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
