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ASYMMETRIC AGRICULTURAL SUPPLY RESPONSE: EVIDENCE FROM BANGLADESH AGRICULTURE
Author(s) -
Jaforullah M.
Publication year - 1993
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.1477-9552.1993.tb00290.x
Subject(s) - economics , agriculture , agricultural economics , mill , sugar cane , cane , short run , event (particle physics) , sugar , monetary economics , agricultural science , environmental science , geography , biochemistry , chemistry , physics , archaeology , quantum mechanics
This paper investigates whether sugar cane supply in the mill zones of Bangladesh responds asymmetrically to a price rise and a price fall by estimating several models suggested in the literature on agricultural supply. It is found that sugar cane area, in the event of a price rise, is more than twice as elastic as in the event of a price fall, and that this is true both in the short run and the long run.