Government Expenditures On Agriculture And Agricultural Growth In Latin America
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Government Expenditures on Agriculture in Latin America by Víctor Jorge Elías Pdf
Extract: The main effort of this research was directed toward assembling as long and as complete a set of data as possible for government expenditures on agriculture in nine Latin American countries: Argentina, Bolivia, Brazil, Chile, Costa Rica, Colombia, Mexico, Peru, and Venezuela. It covers the period 1950-78 on an annual basis. An effort was made to include estimates for many kinds of expenditures, such as research and extension, irrigation, marketing, transport, health, education, administration, agrarian reform, and so forth. The purpose is to identify government expenditure policies for the agricultural sector; to measure their importance in relation to the total government budget and agricultural output; to analyze their trend and variability throughout the time period and from country to country; and to begin to study their effects on agricultural production.
Why Governments Should Stop Non-social Subsidies by Ramón López Pdf
The provision of public goods and the amelioration of market failure are the classical justifications for government intervention in the economy. In reality, (1) governments intervene in markets that are not affected by failure, and (2) a large share of the government resources is spent in private goods, not in public goods. In contrast to issue 1, issue 2 has received little attention in the literature, in spite of the potentially large efficiency and equity losses arising from misguided allocations of public expenditures. López empirically documents the size of (2) in the rural sector and investigates its consequences for rural development for 10 Latin American countries over the 1985-2000 period. The econometric evidence suggests that the structure of public expenditures is an important factor of economic development in the rural sector, much greater than that of the level of public expenditures and of other factors on which the development literature has traditionally focused. Expanding total public expenditure in rural areas while maintaining the existing public expenditure composition prevailing in certain countries does little to promote agricultural income and reduce rural poverty. Spending a significant share of government resources in (non-social) subsidies causes less agriculture income, induces an excessive reliance of agriculture on land expansion, and reduces the income of the rural poor.
Political Institutions, Inequality, and Agricultural Growth by Hunt Allcott,Daniel Lederman,Ramón López Pdf
"This paper brings together the literatures on the political economy of public expenditures and the determinants of economic growth. Based on a new dataset of rural public expenditures in a panel of Latin American economies, the econometric evidence suggests that non-social subsidies reduce agricultural GDP. Furthermore, the evidence suggests that political and institutional factors as well as income inequality are determinants of the size and structure of rural public expenditures, through which they have large and significant effects on agricultural GDP. "--World Bank web site.
Agricultural and Rural Development Policy in Latin America by Alain De Janvry,Nigel David Key,Elisabeth Sadoulet Pdf
This study analyzes the significance of new economic context in Latin America and the Caribbean for the design of policies for the agricultural sector. In addition, it analyzes and assesses recent trends in agricultural development policy in Latin America, to identify and synthesize new policy directions, and to highlight emerging challenges and avenues for policy innovation. The main conclusion of the study is that Latin American agricultural and rural development policy is at a turning point that will require bold new initiatives to improve the production performance of agriculture, reduce rural poverty, protect the natural resource base of the sector and ensure the political sustainability of economic growth. This will require a pro-active set of interventions designed at restoring the specificity of sectoral agricultural policy while maintaining consistency with the macro reforms.--Publisher's description.
Political Institutions, Inequality, and Agricultural Growth by Hunt Allcott,Daniel Lederman,Ram??n L??pez Pdf
This paper brings together the literatures on the political economy of public expenditures and the determinants of economic growth. Based on a new dataset of rural public expenditures in a panel of Latin American economies, the econometric evidence suggests that non-social subsidies reduce agricultural GDP. Furthermore, the evidence suggests that political and institutional factors as well as income inequality are determinants of the size and structure of rural public expenditures, through which they have large and significant effects on agricultural GDP.
Structural Adjustment and the Agricultural Sector in Latin America and the Caribbean by John Weeks Pdf
As a result of the regional debt crisis, most governments of Latin America in the 1980s entered into a process of profound policy change, from an import substitution oriented strategy to a focus upon export-promotion, with an emphasis upon market liberalisation. According to mainstream economic theory, the effect of this shift would be to favour agriculture. This book, with contributors from Latin America and Europe, surveys the results on agriculture of a decade of policy change, and to produce new and unexpected insights.
Roger D. Norton,Food and Agriculture Organization of the United Nations
Author : Roger D. Norton,Food and Agriculture Organization of the United Nations Publisher : Food & Agriculture Org. Page : 90 pages File Size : 47,5 Mb Release : 1992 Category : Business & Economics ISBN : 9251032742
The Political Economy of Agricultural Price Intervention in Latin America by Anne O. Krueger,Maurice W. Schiff,Alberto Valdés Pdf
Analysis of price intervention; The output effects of price intervention; Resource transfers and budget effects; Income distribution effects; Some reflections on the political economy of price intervention.