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Market price response of world rice research

Authors
Journal
Agricultural Economics
0169-5150
Publisher
Wiley Blackwell (Blackwell Publishing)
Publication Date
Volume
3
Issue
4
Identifiers
DOI: 10.1016/0169-5150(89)90007-8
Disciplines
  • Agricultural Science

Abstract

Abstract Using the total number of research publications as a proxy, the output of rice research in the world is estimated to be highly responsive in the short run to price fluctuations in the international rice market. The results suggest a danger of the inducement mechanism of public investment in the agricultural production infrastructure being misguided by cyclical price changes, thereby leading to recurrent food shortages and oversupplies in a cobweb-like manner.

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