Listing 1 - 2 of 2 |
Sort by
|
Choose an application
Developing countries across East Asia have made impressive progress in economic development. Despite the effect of the 1997-1998 financial crisis, poverty rates in the region have been consistently declining. Agriculture played a key role by driving growth in the early stages of industrialization. It also contributed to reducing rural poverty by including smallholders into modern food markets and creating jobs in agriculture and agroindustry. As incomes rise and countries urbanize, the composition of domestic food expenditure is shifting from basic and unprocessed staple foods to meat, horticulture and processed foods. In order to take full advantage of these emerging trade opportunities policy makers across East Asian countries must support agribusinesses with effective regulations. Benchmarking regulatory frameworks in East Asian economies through the EBA indicators suggests few general trends. First, these countries tend to perform better on efficiency than on legal components. Second, most countries over perform the global average on fertilizer regulations but fail to do so when regulating seed systems. Third, access to markets and finance regulations are two areas where regulation in the region is particularly weak.
Access to Finance --- Agribusiness --- Agricultural Sector Economics --- Agriculture --- Finance --- Infrastructure --- Private Sector Development
Choose an application
The economic thinking around the role of agriculture for development has evolved since the 1950s. Over the past decades, the agriculture sector has been rediscovered as a sector with great potential for triggering growth, reducing poverty and inequality, providing food security, and delivering environmental services. This paper contributes to the literature on the determinants of agricultural development by investigating the role played by laws and regulations. First, the paper proposes new measures of regulatory quality and regulatory efficiency in agriculture. Second, the paper employs cross-section data to test the relationship of the proposed measures with agricultural performance. The results indicate that agricultural productivity is on average higher where transaction costs imposed by regulations are lower and where countries adhere to more regulatory good practices. This relationship is stronger when low transaction costs and regulatory good practices are combined.
Agribusiness --- Business Regulations --- Legal Institutions --- Structural Change
Listing 1 - 2 of 2 |
Sort by
|