scholarly journals Booms in Agricultural & Non-Agricultural Prices: Who Is Responsible?

2021 ◽  
Vol 21 (3) ◽  
Keyword(s):  
1944 ◽  
Vol 26 (4) ◽  
pp. 725
Author(s):  
Oris V. Wells

1983 ◽  
Vol 43 (4) ◽  
pp. 867-884 ◽  
Author(s):  
Bent Hansen

My archival studies in Egyptian banks reveal that nominal interest rates charged by foreign financial capital in Egypt fell strongly as compared with European rates throughout the period 1882–1914. Interest differentials declined by 2 to 2 ½ percent. This is explained by the increasing confidence of European investors with British occupation and policies. To explain the large inflow of financial capital after 1900 a sharp decline in real interest rates, related to the upsurge of agricultural prices, is posited. The case offers interesting parallels to present-day problems of excessive indebtedness in Third World countries.


2012 ◽  
pp. 319-340
Author(s):  
Angelo Frascarelli

In economic literature, agricultural policy instruments for market and price stabilisation are classified in two broad categories: direct instruments and indirect instruments. Having the direct instruments failed, the cap proposals for years 2014-2020 are focusing on the indirect instruments: producer organisations, collective bargaining, interbranch agreements, transparency of the food supply chain, market risk management. Such themes emerged in the recent debate on agricultural policy because of two facts: strong volatility of agricultural prices and a growing disparity between basic prices and consumer prices. Objective of the present work is the evaluation of eight instruments of agricultural policy for improving the food supply chain functioning, with an analysis of potential economical consequences of the various options. The evaluation takes into account both efficiency (expenditure level, simplicity of use of the instruments, compatibility with Wto rules) and effectiveness (market and prices stabilisation, strengthening of producers position in the food supply chain, market transparency). Analysis was conduct referring to economic literature, to empirical evidences coming from sectors that use indirect instruments, and to results of studies produced by public or private organisations.


2017 ◽  
Author(s):  
James Bushnell ◽  
Jonathan Hughes ◽  
Aaron Smith
Keyword(s):  

2019 ◽  
Vol 6 (5) ◽  
pp. 168
Author(s):  
M.B. Dastagiri ◽  
L. Bhavigna

Agricultural prices play greater role in living Economics. Since many decades’ farmers faced declining agricultural prices and low prices in developing countries. Therefore, in these countries agricultural price policies are under closer appraisal.  Government and policy makers worry about inflation. Economic precision is required in determining prices. This understanding led to conception of the study. The specific objectives are to review various agricultural price theories, research evidences and construct the theory of agricultural price bubble and crash and their effect on macro economy and suggest measures to improve. The study reviews various agricultural price theories, concepts, policies, research gaps and do meta-analysis and formulated the theory of Agricultural prices bubble and price crash. Since 1950, many development economists and practitioners prophesy in developing countries is that low agricultural commodities prices discourage poverty alleviation. Many countries are unable to make successful pricing policies due to there is not enough operative methodological and theoretical support for decision-making. According to the economic theory of cooperativism, the entities come closer to the pecking order theory. Unexpected changes and changes in regulations can have significant impact on the profitability of farming activities. “Demand channel" is the crucial factor in elucidation of commodity price growth. Future prices moments in agriculture have fat-tailed distributions and display quick and unpredicted price jumps. World Trade Organization study highlights the importance of strengthening multilateral disciplines on both import and export trade interventions to food price fluctuations to reduce beggar-thy-neighbor unilateral trade policy. The theory of NAFTA regionalism did not lead to regionalization and not increasing share of intraregional international trade. In EU countries land rents in modern agriculture causing upward trend in agricultural land prices. Information friction, agricultural supports, agricultural price & trade policies, agricultural price transmission are responsible price fluctuations. In economic theory, asymmetric price transmission has been the subject of considerable attention in agricultural gaps. Selection of forecasting models are based on chaos theory. Chaos in agricultural wholesale price data provides a good theoretical basis for selecting forecasting models. This theory can be applied to agricultural prices forecasting. Novelties in agricultural products fluctuations research offer scientific basis in planning of agricultural production.


2020 ◽  
Vol 20 (4) ◽  
pp. 99-112
Author(s):  
Victoria E. Nekrestova ◽  
Irina A. Somova

The paper reviews the effect of nonmonetary factors on inflation dynamics in Russia from 2000 to 2018. The period under review was divided into two intervals with different economic dynamics: 2000–2008 – the period of economic growth in Russia, 2009–2018 – the period of a slower rate of economic growth. Both periods were analyzed for various nonmonetary factors having an impact on inflation, which helped reveal common as well as distinctive features of nonmonetary factors. Some factors, such as the growth rate of agricultural prices had a significant impact on the consumer price inflation dynamics over the whole period under research. Other nonmonetary factors ceased to have an effect on consumer prices making room for others. Thus, the volume of imports turned out to be significant only in the period from 2009 to 2018, which is explained by the geopolitical situation and introduced economic sanctions. The conducted research confirmed a growing role of nonmonetary factors in the inflation processes. This conclusion requires consideration of specific features of nonmonetary causes of inflation on behalf of the Central bank and the fiscal organs in development of concrete steps to reduce inflation. The priority should continue to be given to effective tariff regulation, modernization of industry and promotion of competition.


Author(s):  
Peter Ho ◽  
Francesco Zaratin

Since the start of the economic reforms in 1978, China has developed today into one of the world’s leading producers of agricultural produce—particularly pork, poultry, fruits, vegetables, wheat, corn, and rice. The transition of China’s collectivist Soviet-style agricultural production toward a modernized, mechanized, and market-based agriculture has taken many decades to take effect. A major breakthrough that marked the start of China’s agricultural transition was the nationwide adoption of the Household Contract Responsibility System in the mid-1980s. In addition to these managerial and structural changes, the Chinese government engaged in the liberalization of agricultural prices and supply and marketing systems, as well as the stimulation of agricultural diversification, mechanization, and economies of scale. As agriculture continued to develop, millions of farmers were lifted out of poverty and migrated to the cities to find employment in the industries and services. At the same time, however, China encountered significant problems as a result. For one, how to ensure food security and feed close to one-fifth of the earth’s population with less than one-tenth of its farmland? On top of that, over time vast tracts of fertile, arable land were lost due to its (legal and illegal) conversion into urban construction land. Raising agricultural production was also severely constrained by the small and fragmented nature of Chinese farms. Well into the 2010s, over 90 percent of these were smaller than 2.5 acres, while cropland was scattered over numerous different plots. Furthermore, ensuring adequate social welfare, education, and health care for the rural populace had become a daunting challenge in the face of the growing divide between urban citizens and the peasant population. Last but not least, rapid rural industrialization through township and village enterprises (TVEs), once hailed as a miracle of China’s reforms, had taken a heavy toll in the form of soil, air, and water pollution, giving rise to “cancer villages”, “black rivers,” and heavily degraded natural resources. At the time of this writing, Chinese agriculture is caught in between two worlds: on the one hand, one may find smallholders tilling scattered agricultural plots, on the other hand, there are high-tech food-processing factories and the peri-urban, sometimes ecologically guided industrial farms. The stark contrast between a highly modernized sector versus a traditional one will continue to explain the paradoxical dynamics of Chinese post-collective agriculture for the foreseeable future.


Author(s):  
O.S. Sobolev ◽  

The article compares producer prices for grain, milk, and meat in Russia, Europe, and the United States in the 3rd quarter of 2020. Climate and weather conditions in Russia in the 3rd quarter and their impact on the gross grain harvest are analyzed. The price analysis of the domestic and world sugar market is given.


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