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Agriculture and national welfare around the world : Causality and international heterogeneity since 1960

Author: Claudio Bravo-Ortega; Daniel Lederman; World Bank.
Publisher: [Washington, D.C] : World Bank, 2005.
Series: Policy research working paper, 3499; World Bank E-Library Archive
Edition/Format:   Computer file : EnglishView all editions and formats
Database:WorldCat
Summary:
"Calculations of marginal welfare effects suggest that agricultural development has had important positive effects on national welfare, especially in developing countries. Latin American and Caribbean countries have also benefited from agricultural growth, but nonagricultural production has had marginal welfare effects that are greater in magnitude than those provided by agricultural activities. In contrast, the  Read more...
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Details

Material Type: Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Claudio Bravo-Ortega; Daniel Lederman; World Bank.
OCLC Number: 874232863
Notes: Erscheinungsjahr in Vorlageform:[2005].
Description: 1 online resource.
Series Title: Policy research working paper, 3499; World Bank E-Library Archive
Responsibility: Claudio Bravo-Ortega and Daniel Lederman.

Abstract:

"Calculations of marginal welfare effects suggest that agricultural development has had important positive effects on national welfare, especially in developing countries. Latin American and Caribbean countries have also benefited from agricultural growth, but nonagricultural production has had marginal welfare effects that are greater in magnitude than those provided by agricultural activities. In contrast, the industrialized, high-income countries experienced marginal welfare gains from nonagricultural activities that are much greater than those derived from agriculture, whose impact is actually negative. These calculations of marginal welfare effects across regions depend on econometric estimates of elasticities linking agricultural and nonagricultural economic activities to four elements in a national welfare function: national GDP per capita, average income of the poorest households within countries, environmental outcomes concerning air and water pollution and deforestation, and macroeconomic volatility. The econometric analyses are motivated by theoretical treatments of key issues. The empirical models are estimated with various econometric techniques that deal with issues of causality and international heterogeneity. This paper--a product of the Office of the Chief Economist, Latin America and the Caribbean Region--is part of a larger effort in the region to study the rural contribution to development"--World Bank web site.

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