Market Price Response of World Rice Research

Using the total number of research publications as a proxy, the output of rice research in the world is estimated to be highly responsive in the short run to price fluctuations in the international rice market. The results suggest a danger of the inducement mechanism of public investment in the agricultural production infrastructure being misguided by cyclical price changes, thereby leading to recurrent food shortages and oversupplies in a cobweb-like manner.


Issue Date:
1989-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/172351
Published in:
Agricultural Economics: The Journal of the International Association of Agricultural Economists, Volume 03, Issue 4
Page range:
333-343
Total Pages:
12




 Record created 2017-04-01, last modified 2017-11-12

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