By Robert E. Evenson, Prabhu Pingali
Quantity three of this sequence of the Handbooks in Economics follows on from the former volumes through targeting the elemental innovations 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 by means of contemplating the strategies and impression of invention and innovation during this box. the results of industry forces are tested within the 3rd half, and the amount concludes via analysing the economics of our altering average assets, together with the prior results of weather change.
Overall this quantity kinds a accomplished and available survey of the sector of agricultural economics and is usually recommended examining for someone with an curiosity, both educational or expert, during this quarter.
*Part of the renown Handbooks in Economics series
*Contributors are leaders in their areas
*International in scope and entire in insurance
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Extra resources for Agricultural Development: Farmers, Farm Production and Farm Markets
E. Evenson and P. Pingali Unskilled hired workers are next added as labor markets became more sophisticated. Piece rate labor is added next and exchange labor effectively disappears from the mix. In the next stage piece rates with team supervisors are added. Specialized skilled laborers also emerge. In the final stage family workers (mostly engaged in supervision), piece rate teams and specialized skilled workers remain. Throughout this evolution, transaction costs decline. As transaction costs decline the number of transactions increases.
The Malmquist indexes show faster TFP growth in the 1981–2000 period than in the 1961–1980 period. A second set of TFP growth rates, computed by Avila and Evenson (to be included as Chapter 73 in Volume 4 of this Handbook) found similar patterns. Highest TFP growth rates were realized in Asia in both 1961–1980 and 1981–2000. Latin America had higher TFP growth in the 1981–2000 period than in the 1961–1980 period. Africa and Latin America had comparable TFP growth in the 1961–1980 period, but Africa had a very disappointing 1981–2000 period.
Chapter 53 deals with the fertilizer and agricultural chemicals industries. Chapter 54 addresses the farm machinery industry. Chapter 55 addresses product markets and supermarkets. Chapter 56 addresses financial markets. Chapter 51 addresses land markets and land tenancy. Table 1 in Chapter 51 reports widely varying farm sizes and degrees of tenancy between Asia, Africa and Latin America. Farm size is smallest in Africa and was reduced between 1970 and 1990. Share tenancy is relatively low in Africa.
Agricultural Development: Farmers, Farm Production and Farm Markets by Robert E. Evenson, Prabhu Pingali