Agricultural Economics and Rural Land-use by M. J. Stabler (auth.)

By M. J. Stabler (auth.)

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D) International trade in food products between countries is lower than it might have been. The effect of (a) can be said to result in (b) and (c); whereas (d) is the consequence of specific policies, the express intention of which is to restrict trade in certain commodities. There are naturally some qualifications to these bald statements which need to be noted : (i) They require verification by reference to theoretical and empirical evidence. (ii) Even if made on economic grounds alone they imply that, as a result of policy, agriculture has departed from some theoretical ideal.

O. [26] projections (for production and consumption) there are none which would have any real operational significance). It may well be that the difficulties with variables, such as population and income projections, outside those directly concerned with data and methodology, compound the problems encountered in making precise estimates, but as Slater [36] quite rightly states, the data are often highly aggregative and thus virtually useless for planning at a lower level. There are further complications associated with consumption and agricultural activity which have not been examined but should be noted.

Of the work on market structure, research in the United States has taken a somewhat different direction from that in Europe. The framework of analysis outlined by Clodius and Mueller [55] echoed the attitudes towards business in the United States on concepts of workable competition, but their work also influenced the orientation of studies towards establishing the degree of competition in various commodity markets. In a sense this related applied work much more closely to the underlying economic theory.

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