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SOURCES OF EXPORT EARNINGS INSTABILITY: THE ROLE OF AGRICULTURE
Author(s) -
Habeck M.,
Brown D. J.,
Abbott P.
Publication year - 1988
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1988.tb00563.x
Subject(s) - agriculture , earnings , commodity , economics , economic sector , agricultural economics , primary sector of the economy , secondary sector of the economy , business , market economy , economy , geography , finance , archaeology
Previous studies of export earnings for less developed countries have suggested that earnings from primary products — including agriculture — might be more stable than those from industrial goods. Those studies used highly aggregated sectors, so that individual agricultural sectors could not be identified as stable or not. This study measures the export earnings instability of 20 commodity aggregates — more than half of them agricultural — for 27 countries between 1962 and 1983. The results indicate that some agricultural sectors were unstable and that no individual sector was universally stable. Agricultural sectors tended to be among the more stable sectors in low and middle income countries and among the less stable sectors in high income countries.