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This book assesses recent developments in the analysis of agricultural policy and water resource management, and highlights the utility and theoretical rigor of quantitative methods for modeling agricultural production, market dynamics, and natural resource management. In diverse case studies of the intersection between agriculture, environmental quality and natural resource sustainability, the authors analyze economic behavior - both at aggregate as well as at individual agent-level - in order to highlight the practical implications for decision-markers dealing with environmental and agricultural policy. The volume also addresses the challenges of doing robust analysis with limited data, and discusses the appropriate empirical approaches that can be employed. The studies in this book were inspired by the work of Richard E. Howitt, Emeritus Professor of Agricultural Economics at the University of California at Davis, USA, whose career has focused on the application of robust empirical methods to address concrete policy problems.
This book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, natural resources and other sectors. The result is an agricultural economics textbook that provides students and instructors with a clear, up-to-date, and straightforward approach to learning how a market-based economy functions, and how to use simple economic principles for improved decision making. While the primary focus of the book is on microeconomic aspects, agricultural economics has expanded over recent decades to include issues of macroeconomics, international trade, agribusiness, environmental economics, natural resources, and international development. Hence, these topics are also provided with significant coverage.
Persistent problems with poverty, rapid population growth and malnutrition in many developing countries are among the most serious issues facing the world today. This book examines the causes, severity and effects of these problems, as well as potential solutions. The authors consider the implications of globalization of goods, services and capital for agriculture, poverty and the environment; and identify linkages in the world food system, stressing how agricultural and economic situations in poor countries affect industrialized nations and vice versa. Focusing on the role that agriculture can play in improving economic and nutritional wellbeing and how that role might be enhanced, this book is essential reading.
Economics of Agricultural Development examines the causes, severity, and effects of poverty, population growth, and malnutrition in developing countries. It discusses potential solutions to these problems, progress made in many countries in recent years, and the implications of globalization for agriculture, poverty, and the environment. Topics covered in the book include: • Means for utilizing agricultural surpluses to further overall economic development • The sustainability of the natural resource environment • Gender issues in relation to agriculture and resource use • The contribution of agricultural technologies • The importance of agricultural and macroeconomic policies as related to development and trade, and the successes and failures of such policies • Actions to encourage more rapid agricultural and economic development The globalization of trade in goods, services, and capital has been fundamental to changes being experienced in the agricultural and rural sectors of developing countries. It has major implications for the fight against poverty and food insecurity and for environmental sustainability. Recently, agriculture has returned to a position of center stage in the development dialog as food price volatility has increased along with water scarcity, and concerns grow over the effects of climate change on food supply and food security. This new edition of the essential textbook in the field builds on the 2010 edition and reflects the following developments: • Growth in foreign demand for land and other natural resources • Significant progress in agricultural and economic development in some low-income countries while others are being left behind • Continued growth in demand for higher-valued farm products This book is essential reading for undergraduate students seeking to understand the economics of agricultural development and the world food system, including environmental and human consequences, international trade, and capital flows.
D. Gale Johnson, one of the world's foremost agricultural economists, has over the last five decades changed the conduct of research on agricultural economics and policy. The papers brought together in The Economics of Agriculture reveal the breadth and depth of his influence on the creation of modern agricultural economics. Volume 1 collects for the first time in one source Johnson's most important work. These classic papers explore the consequences of government intervention in United States and world agriculture; the economics of agricultural supply and of rural labor and human capital issues; and the analysis of agricultural productivity in poor countries, including the centrally planned economies of China and Eastern Europe. Models of precise reasoning and powerful empirical research, the papers cover a wide range of topics—from U.S. commodity price policy to the economics of population control and farm policy reform in China. Volume 1 includes a definitive bibliography of Johnson's published writings. Volume 2 presents twenty-two papers by Johnson's former students and colleagues. International in scope, these papers explore themes and topics inspired by Johnson's work, including agricultural policy and U.S. farm prices; European Common Agricultural Policy; and agricultural and rural development in the Third World. Contributors to Volume 2 are David G. Abler, John M. Antle, Richard R. Barichello, Andrew P. Barkley, Karen Brooks, David S. Bullock, Robert E. Evenson, B. Delworth Gardner, Bruce L. Gardner, Dale M. Hoover, Wallace E. Huffman, Paul R. Johnson, Yoav Kislev, Justin Yifu Lin, Yair Mundlak, John Nash, Keijuro Otsuka, Willis Peterson, Todd E. Petzel, Vernon W. Ruttan, Maurice Schiff, G. Edward Schuh, Theodore W. Schultz, James Snyder, Vasant Sukhatme, Daniel A. Sumner, Vinod Thomas, George Tolley, and Alberto Valdes.
Every decision about energy involves its price and cost. The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere. Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources: energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview. The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler! Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government
The economic activities of humanity, particularly during the last couple of cen turies, have had a profound impact on the natural environment. Fast depletion of the world's forest resources, fish stocks, fossil fuels and mine deposits have raised many moral as well as practical questions concerning present and future generations. Furthermore, a number of global environmental problems such as acid rain, the 'greenhouse effect' and depletion of the ozone layer are causing concern throughout the world. What does economics say about the exploitation of nature's scarce resources? This book, which is a much expanded version of an earlier publication, Economics of Natural Resources and the Environment, aims mostly at final-year undergraduates reading subjects such as economics, business studies, environ mental science, forestry, marine biology, agriculture and development studies. There is also a good deal of material - especially in the chapters on fisheries, forestry, valuation and discounting - that post-graduate students may find useful as stepping-stones. The material presented stems from my lectures to final-year students at the University of Ulster during the last 12 years, and some of my ongoing research work. When I moved to Northern Ireland in 1982 I was given a course called 'Economics of Exhaustible Resources' to teach. This has changed its title and focus a number of times along with the structure of the University. My early reading lists included a number of journal articles and books written on the sub ject.
Harris and Roach present a compact and accessible presentation of the core environmental and resource topics and more, with analytical rigor as well as engaging examples and policy discussions. They take a broad approach to theoretical analysis, using both standard economic and ecological analyses, and developing these both from theoretical and practical points of view. It assumes a background in basic economics, but offers brief review sections on important micro and macroeconomic concepts, as well as appendices with more advanced and technical material. Extensive instructor and student support materials, including PowerPoint slides, data updates, and student exercises are provided.
This textbook addresses the main economic principles required by agricultural economists involved in rural development. The principles of 'micro-economics' or 'price-theory' are of relevance to economists everywhere, but this book reinforces the message of their relevance for rural development by explaining the theory in the specific context of the agricultural and food sectors of developing countries. Hypothetical and actual empirical illustrations drawn almost exclusively from such countries distinguish this book from other economic principles texts that draw their examples almost invariably from industrialised countries, and also from books more oriented to the issue of rural development. The first half of the book deals with the underlying principles of production, supply and demand. These are essential tools for the study and management of the agricultural sector and food markets. In the second half, supply and demand are bought together into a chapter of equilibrium and exchange. This is followed by chapters on trade and the theory of economic welfare. In the final chapter it is shown that much of the material in the earlier chapters can be combined by agricultural economists into a system for analysing and comparing the effects of alternative agricultural policies. The ability of agricultural economics to provide a consistent framework for the analysis of policy problems thus enables it to make a key contribution to rural development.
This book discusses knowledge-based sustainable agro-ecological and natural resource management systems and best practices for sustained agricultural productivity and ecosystem resilience for better livelihoods under a changing climate. With a focus on agriculture in Africa, the book assesses innovative technologies for use on smallholder farms, and addresses some of the key Sustainable Development Goals to guide innovative responses and enhanced adaptation methods for coping with climate change. Contributions are based on 'Capacity Building for Managing Climate Change in Malawi' (CABMACC), a five-year program with an overall goal to improve livelihoods and food security through innovative responses and enhanced capacity of adaptation to climate change. Readers will discover more about sustainable crop production, climate smart agriculture, on-farm energy supply from biogas and the potential of soil carbon sequestration in crop-livestock systems.