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Modeling Agricultural Growth Multipliers
Author(s) -
Haggblade Steven,
Hammer Jeffrey,
Hazell Peter
Publication year - 1991
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242720
Subject(s) - economics , agriculture , production (economics) , consumption (sociology) , econometrics , agricultural productivity , microeconomics , geography , social science , archaeology , sociology
Agriculture's potential as an engine of third world growth depends, in large part, on the size of the production and consumption linkages it stimulates in rural regions. Current estimates of agricultural growth multipliers within rural regions vary widely, not only because economic structures differ across regions but also because the array of fixed‐price models most commonly used embody widely differing basic assumptions. Among fixed‐price models, the semi‐input‐output formulation projects the most plausible multipliers. But even they overstate the magnitude of growth multipliers by 10% to 25% according to the price‐endogenous model developed here.