Aggregate agricultural supply response in Chile, 1962-82

Juan Eduardo Coeymans, Yair Mundlak

Resultado de la investigación: Contribución a una revistaArtículo

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 originalInglés
Páginas (desde-hasta)17-22
Número de páginas6
PublicaciónFood Policy
Volumen16
N.º1
DOI
EstadoPublicada - 1991

Áreas temáticas de ASJC Scopus

  • Alimentación
  • Economía y econometría
  • Desarrollo
  • Sociología y ciencias políticas
  • Gestión, supervisión, políticas y leyes

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