Effect of Contract Farming in a Small Open Less-Developed Economy: A General Equilibrium Analysis
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Bhattacharyya, Ranajoy | - |
dc.contributor.author | Gouranga G. Das | - |
dc.date.accessioned | 2023-08-16T07:34:21Z | - |
dc.date.available | 2023-08-16T07:34:21Z | - |
dc.date.issued | 2021-06 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/erica/handle/2021.sw.erica/113880 | - |
dc.description.abstract | In this paper, we analyse the entry of a cash crop producing foreign Contract Farming (CF) subsector within the agricultural sector of a country. Entry requires a cash crop price that is substantially above the price of the food crop already being produced within the country. Entry of CF could cause ‘vanishing’ of the food-crop sector. We employ a variant of 3×3 mixed Specific Factor-Heckscher Ohlin general equilibrium model of production and trade where introduction of a new policy may lead to the emergence of a new cash-crop sector resulting in finite changes where we show the possibilities of sectoral diversification with combinations of contract farming vis-à-vis traditional agriculture under some plausible conditions. Such ramifications could (a) increase GDP; (b) give rise to adverse distributional consequences for labour, and land-owner; (c) reduce domestic production of food and increase food import and hence, (d) aggravate food insecurity. Thus, CF might imply a tradeoff between food insecurity, inequality and growth. However, either zero CF and extremely high CF are suboptimal and hence, CF cannot be substitute of non-CF agricultural sector producing Food crops. In fact, fallacy of composition shows that aggregate has a price effect so that food-crop sector never disappears. Our results seem to be consistent when compared to some empirically robust conclusions found in the literature and some secondary data available in the FAO website. | - |
dc.format.extent | 35 | - |
dc.language | 영어 | - |
dc.language.iso | ENG | - |
dc.publisher | IATRC | - |
dc.title | Effect of Contract Farming in a Small Open Less-Developed Economy: A General Equilibrium Analysis | - |
dc.type | Article | - |
dc.publisher.location | 유럽 | - |
dc.identifier.doi | 10.22004/ag.econ.312026 | - |
dc.identifier.bibliographicCitation | IATRC Working Papers Series, v.21, no.02, pp 1 - 35 | - |
dc.citation.title | IATRC Working Papers Series | - |
dc.citation.volume | 21 | - |
dc.citation.number | 02 | - |
dc.citation.startPage | 1 | - |
dc.citation.endPage | 35 | - |
dc.type.docType | Proceeding | - |
dc.description.isOpenAccess | N | - |
dc.description.journalRegisteredClass | foreign | - |
dc.subject.keywordAuthor | Demand and Price Analysis | - |
dc.subject.keywordAuthor | International Relations/Trade | - |
dc.identifier.url | https://ideas.repec.org/p/ags/iatrwp/312026.html | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
55 Hanyangdeahak-ro, Sangnok-gu, Ansan, Gyeonggi-do, 15588, Korea+82-31-400-4269 sweetbrain@hanyang.ac.kr
COPYRIGHT © 2021 HANYANG UNIVERSITY. ALL RIGHTS RESERVED.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.