By Robert E. Evenson, Prabhu Pingali

ISBN-10: 0444518738

ISBN-13: 9780444518736

Quantity three of this sequence of the Handbooks in Economics follows on from the former volumes through concentrating on the elemental recommendations of agricultural economics. the 1st a part of the quantity examines the advancements in human assets and know-how mastery. the second one half follows on through contemplating the tactics and effect of invention and innovation during this box. the results of industry forces are tested within the 3rd half, and the amount concludes through analysing the economics of our altering average assets, together with the earlier results of weather change.
Overall this quantity types a complete and obtainable survey of the sector of agricultural economics and is usually recommended analyzing for a person with an curiosity, both educational or expert, during this sector.

*Part of the renown Handbooks in Economics series
*Contributors are leaders in their areas
*International in scope and complete in assurance

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The second method, termed the cross-sectional method (sometimes referred to as the Ricardian method), allows for farmer adaptation. This method was pioneered by the chapter author, Robert Mendelsohn and William Nordhaus, both at Yale University. The method estimates the relationship between land values per hectare, and long-run temperature and rainfall estimates. Table 2 in Chapter 60 reports estimated temperature and rainfall impacts of actual temperature and rainfall changes on land values (or crop revenues) per hectare.

Most Asian countries have lower levels of mechanization but are mechanizing rapidly. The same can be said for the Middle East–North Africa region. Many parts of Sub-Saharan Africa have low levels of mechanization. Chapter 55 traces the evolution in agricultural output markets in developing countries since 1950. Traditional food markets, characterized by many small producers selling undifferentiated commodities to rural markets or to urban wholesalers, are giving way to modern agrifood systems that emphasize highly differentiated products supplied by large scale processors, supermarkets, and food service chains.

This is the induced innovation model at work. Chapter 47 addresses global livestock development. The chapter begins by noting that as incomes rise, particularly from low levels, the demand for meat, milk and eggs rises rapidly. Some observers have treated this demand as creating a “Livestock Revolution” akin to the Green Revolution. But the Green Revolution was a supply-driven revolution, not a demand-driven revolution. Chapter 47 does report Malmquist TFP indexes that are quite variable with Asian countries realizing highest TFP growth rates, Latin America realizing intermediate TFP 17 This generalization holds even for the Francophone African countries where most GRMVs were developed in African countries.

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Agricultural Development: Farmers, Farm Production and Farm Markets by Robert E. Evenson, Prabhu Pingali

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