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Thus, adjustment policies can have profound and long-lasting effects on the composition of agricultural production. In many countries, both small landowners and tenants are under increasing pressure to get out of the agriculture sector altogether. In the coming years, rapid ageing of the population is likely to have an important effect on the rate of saving. Finally, the paper examines how mark-up estimates affect the estimated rate of growth of total factor productivity (TFP) ...

If a macroeconometric model is to be useful for policy analyses which go beyond short-term forecasting requirements, particular attention must be paid to the form and consistency of its various components with respect to longer-term equilibria.

Pages: 392

Publisher: SAGE Publications, Inc; 1 edition (July 9, 1998)

ISBN: 0761909346

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