Changing Returns To Scale And Deepening Of Factor Endowments Induced Specialization
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Changing Returns To Scale And Deepening Of Factor Endowments Induced Specialization Exploring Broader Linkage Between Agricultural Mechanization And Agricultural Transformation In Nepal
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Author : Takeshima, Hiroyuki
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2020-06-11
Changing Returns To Scale And Deepening Of Factor Endowments Induced Specialization Exploring Broader Linkage Between Agricultural Mechanization And Agricultural Transformation In Nepal written by Takeshima, Hiroyuki and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-11 with Political Science categories.
Heterogeneity in factor endowments and the degree of specializations induced by comparative advantages are among the crucial factors that affect the overall productivity of the economy. Few studies, however, investigate what strengthens such endowment-related specialization patterns in the agricultural sector in low-income countries, although such evolutions have profound effects on the role of factor endowments in households’ behaviors. This is in contrast to well-established international trade theory, such as the Heckscher–Ohlin theorem which describes how heterogeneity in endowment across countries gives rise to comparative advantages for specialization and trade. We partly fill this critical knowledge gap by providing a set of evidence from Nepal, which is a country that has historically been dominated by smallholder farmers and yet has recently been experiencing rapid structural transformation within the agricultural sector. Specifically, we show the following: the agricultural sector in Nepal has experienced a significant increase in returns-to-scale (RTS) in production in recent years during the process of growing adoptions of agricultural mechanization through the custom-hiring market. Such increase in RTS has primarily strengthened the linkages between factor endowment heterogeneity (across farm households) and their specialization behaviors in labor, land, and the agricultural capital market. Both cross-section and panel-data of households in Nepal extracted from Nepal Living Standards Surveys are used to generate this evidence. We find that rising RTS associated primarily with tractor use growth has been inducing greater exploitations of comparative advantages; agricultural households have been increasingly specializing in exchanges of production factors, services, and outputs, in ways consistent with predictions based on their relative factor endowments. Specifically, the rise in RTS has induced households with more labor, land, and capital endowments to rent out their labor, land, and credit, respectively, within the agricultural sector, while increasingly renting-in the other factors with which they are less endowed. The results suggest that understanding factor endowments heterogeneity among agricultural households is becoming increasingly important for effective agricultural policy designs in countries like Nepal, where employment shares in the agricultural sector remain high despite the growth in mechanization.
Changing Returns To Scale And Deepening Of Factor Endowments Induced Specialization
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Author : Hiroyuki Takeshima
language : en
Publisher:
Release Date : 2020
Changing Returns To Scale And Deepening Of Factor Endowments Induced Specialization written by Hiroyuki Takeshima and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
The American Economic Review
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Author :
language : en
Publisher:
Release Date : 1973
The American Economic Review written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973 with Economics categories.
Includes papers and proceedings of the annual meeting of the American Economic Association. Covers all areas of economic research.
Oecd Economic Surveys Euro Area 2004
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2004-07-29
Oecd Economic Surveys Euro Area 2004 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-07-29 with categories.
OECD’s 2004 Economic Review of the Euro area puts forward a number of policy recommendations that seek to heighten the area’s resilience against adverse shocks. This edition’s special feature is titled Regions at Work.
Structural Change Fundamentals And Growth A Framework And Case Studies
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Author : McMillan, Margaret
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2017-05-11
Structural Change Fundamentals And Growth A Framework And Case Studies written by McMillan, Margaret and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-11 with Political Science categories.
Is There Progress In Economics
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Author : Stephan Boehm
language : en
Publisher: Edward Elgar Publishing
Release Date : 2002
Is There Progress In Economics written by Stephan Boehm and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Advancing the notion of progress as an evaluative concept, 23 papers explore the history of economics in investigations as to whether change in schools of economics constitute an advancement of human knowledge. Presented by economists from the U. of Graz, Austria, the papers explore notion of progress in economics, suggest theoretical methodologies for studying progress in the history of ideas, and attempt to evaluate progress in normative economics, monetary economics, trade and location, and t he classical long-period method. Annotation copyrighted by Book News, Inc., Portland, OR
Oecd Economic Surveys
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Author :
language : en
Publisher:
Release Date : 2004
Oecd Economic Surveys written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with European Union countries categories.
Specialization And Division Of Labor
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Author : Xiaokai Yang
language : en
Publisher:
Release Date : 1995
Specialization And Division Of Labor written by Xiaokai Yang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Division of labor categories.
200 Years Of Ricardian Trade Theory
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Author : Ronald W. Jones
language : en
Publisher: Springer
Release Date : 2017-11-30
200 Years Of Ricardian Trade Theory written by Ronald W. Jones and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-30 with Business & Economics categories.
This book offers a comprehensive and insightful reflection on David Ricardo’s ingenious theory of international trade. Divided into three parts, Part I presents the “birthday boy”, his concept and the many applications and insights that have been derived from it, particularly in modern times. Part II explores in depth important aspects of the Ricardian trade theory through the eyes and experience of leading experts on international trade theory, taking into account the latest research in the field. Lastly, Part III discusses current challenges of globalization in the light of Ricardian trade theory and includes the original "On Foreign Trade" written and published by David Ricardo in 1817.
Changing Patterns Of Global Trade
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Author : Nagwa Riad
language : en
Publisher: International Monetary Fund
Release Date : 2012-01-15
Changing Patterns Of Global Trade written by Nagwa Riad and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-15 with Business & Economics categories.
Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.