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Commodity market models in the world economy. General specification of the commodity. Econometric estimates of commodity models. Econometric model performance over. Econometric model multiplier simulations.
This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.
Economic Models for Industrial Organization focuses on the specification and estimation of econometric models for research in industrial organization. In recent decades, empirical work in industrial organization has moved towards dynamic and equilibrium models, involving econometric methods which have features distinct from those used in other areas of applied economics. These lecture notes, aimed for a first or second-year PhD course, motivate and explain these econometric methods, starting from simple models and building to models with the complexity observed in typical research papers. The covered topics include discrete-choice demand analysis, models of dynamic behavior and dynamic games, multiple equilibria in entry games and partial identification, and auction models.
The study investigates the impacts on the Texas rice industry of the shift from stable economic conditions and a government policy of supply control in the 1960's to the more variable economic conditions and a market-oriented farm policy of the 1970'. Markets were found to adjust quicker to changes in information under the market-oriented policies of the 1970's. The increase in risk due to increased price variability significantly increases marketing margins. The shift to the conditions of the 1970' decreases a Texas rice producer's chance of survival.
The book covers the various aspects of the use of pesticides, their behavior, degradation, and impacts in wetland ricefields, and presents the results of surveys conducted in the Philippines and Thailand. It includes both bibliographic reviews and selected aspects of the experimental results of a research project on pesticide impacts in wetland ricefields. The first phase of the `Pesticide Impact' project was developed in the Philippines from 1989 to 1991. It was a multidisciplinary/collaborative approach involving scientists from IRRI, NRI (England), ORSTOM (France), UPLB (Philippines) who studied the effects of pesticides on the environment and on farmers' health, and the economical aspects of their use.
The recent escalation of world food prices – particularly for cereals - prompted mass public indignation and demonstrations in many countries, from the price of tortilla flour in Mexico to that of rice in the Philippines and pasta in Italy. The crisis has important implications for future government trade and food security policies, as countries re-evaluate their reliance on potentially more volatile world markets to augment domestic supplies of staple foods. This book examines how government policies caused and responded to soaring world prices in the particular case of rice, which is the world's most important source of calories for the poor. Comparable case studies of policy reactions in different countries, principally across Asia, but also including the USA, provide the understanding necessary to evaluate the impact of trade policy on the food security of poor farmers and consumers. They also provide important insights into the concerns of developing countries that are relevant for future international trade negotiations in key agricultural commodities. As a result, more appropriate policies can be put in place to ensure more stable food supplies in the future. Published with the Food and Agriculture (FAO) Organization of the United Nations