Aggregate agricultural supply response in Chile, 1962-82

Juan Eduardo Coeymans, Yair Mundlak

Resultado de la investigación: Article

Resumen

Supply response in agriculture is evaluated using a multisector model of the Chilean economy which was estimated econometrically using data for the period 1962-1982. The economy is disaggregated into agriculture, mining, manufacturing, services and government. The main groups of variables included in the simulation are factor markets, technology, intermediate inputs and prices. It is shown that output responds to price change and that the strength of the response increases with time. The supply elasticity for agriculture is evaluated conditional on total resources and constant price level in order to highlight the substitution effect, which has been questioned. The elasticity converges to unity in a 10 year period. The main features of the model and how it operates are described, and policy implications are drawn.

Idioma originalEnglish
Páginas (desde-hasta)17-22
Número de páginas6
PublicaciónFood Policy
Volumen16
N.º1
DOI
EstadoPublished - 1991

Huella dactilar

Chile
Agriculture
agriculture
Elasticity
supply
elasticity
supply elasticities
elasticities
price level
economy
substitution
manufacturing
markets
simulation
market
resource
resources
price
Supply response

ASJC Scopus subject areas

  • Food Science
  • Economics and Econometrics
  • Development
  • Sociology and Political Science
  • Management, Monitoring, Policy and Law

Citar esto

Coeymans, Juan Eduardo ; Mundlak, Yair. / Aggregate agricultural supply response in Chile, 1962-82. En: Food Policy. 1991 ; Vol. 16, N.º 1. pp. 17-22.
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Aggregate agricultural supply response in Chile, 1962-82. / Coeymans, Juan Eduardo; Mundlak, Yair.

En: Food Policy, Vol. 16, N.º 1, 1991, p. 17-22.

Resultado de la investigación: Article

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