Modelling Acreage, Production and Yield Supply Response to Domestic Price Volatility

@inproceedings{Donato2015ModellingAP,
  title={Modelling Acreage, Production and Yield Supply Response to Domestic Price Volatility},
  author={Romano Donato and Alessandro Carraro},
  year={2015}
}
This paper deals with the impact of domestic price volatility on acreage, yield and production of wheat, rice and maize for a set of 66 developing countries. We exploit a dataset ranging from 2005 to 2012 of domestic prices collected from FAO-GIEWS, WFP and FEWS.NET. The resulting system is estimated with a one-step System Generalized Method of Moments (GMM-sys). We show that farmers respond negatively to price instability reducing production, acreage allocation and yield. According to our… CONTINUE READING

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