IDEAS home Printed from https://ideas.repec.org/a/ags/aolpei/348990.html
   My bibliography  Save this article

Comparing the Effects of Information Globalization on Agricultural Producer Prices in Developing and Developed Countries

Author

Listed:
  • Nugroho, Agus Dwi

Abstract

Existing studies claim that the Internet of Things (IoTs) raises agricultural producer prices while others claim the contrary. Meanwhile, no studies have been conducted to investigate the impact of IoTs at the macro level, as represented by information globalization. The main objective of this study is to determine the impact of information globalization on agricultural producer prices in developing and developed countries. This study used time series data from 1991 to 2020 and cross-section data from 66 developing and 26 developed countries. The data was analyzed using two-stage least squares. The first stage of analysis shows that pesticides and farm machinery increase agricultural production in developing and developed countries, while employment in agriculture, forestry, and fishing has the opposite effect. Meanwhile, nutrient nitrogen, manure, and irrigation have differing effects on agricultural production in the two areas. The second stage of analysis shows that agricultural producer prices in developing and developed countries will rise when agricultural production, agricultural import, and human capital increase. Agricultural value-added, food consumer price inflation and population growth have varying impacts on agricultural producer prices. Meanwhile, the main variable investigated in this study, information globalization, has been proven to increase agricultural producer prices in both developing and developed countries.

Suggested Citation

  • Nugroho, Agus Dwi, 2024. "Comparing the Effects of Information Globalization on Agricultural Producer Prices in Developing and Developed Countries," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 16(3), September.
    • Handle: RePEc:ags:aolpei:348990
    DOI: 10.22004/ag.econ.348990
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/348990/files/628_agris-on-line-3-2024-nugroho.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.348990?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Agus Dwi Nugroho, 2021. "Agricultural market information in developing countries: A literature review," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 67(11), pages 468-477.
    2. Xinjun He & Anyi Huang & Jianzhong Yan & Hong Zhou & Ya Wu & Liang Emlyn Yang & Basanta Paudel, 2023. "Smallholders’ climate change adaptation strategies on the eastern Tibetan Plateau," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 118(1), pages 641-667, August.
    3. Rudinskaya, T. & Náglová, Z., 2018. "Impact of Subsidies on Technical Efficiency of Meat Processing Companies," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 10(01).
    4. Levin, Jörgen & Vimefall, Elin, 2015. "Welfare impact of higher maize prices when allowing for heterogeneous price increases," Food Policy, Elsevier, vol. 57(C), pages 1-12.
    5. Tamara Rudinskaya & Zdeňka Náglová, 2021. "Analysis of Consumption of Nitrogen Fertilisers and Environmental Efficiency in Crop Production of EU Countries," Sustainability, MDPI, vol. 13(16), pages 1-13, August.
    6. Shouying Liu & Baojin Wang, 2022. "The decline in agricultural share and agricultural industrialization—some stylized facts and theoretical explanations," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 14(3), pages 469-493, April.
    7. Sun, Chuanwang & Xu, Shuai & Xu, Mengjie, 2023. "What causes green efficiency losses in Chinese agriculture? A perspective based on input redundancy," Technological Forecasting and Social Change, Elsevier, vol. 197(C).
    8. Tongwei Qiu & S.T. Boris Choy & Biliang Luo, 2022. "Is small beautiful? Links between agricultural mechanization services and the productivity of different-sized farms," Applied Economics, Taylor & Francis Journals, vol. 54(4), pages 430-442, January.
    9. Osborne Sanida & John Asafu-Adjaye & Renuka Mahadevan, 2016. "Challenges for agricultural development in a resource-rich developing country: a case study of Papua New Guinea," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 21(2), pages 235-256, April.
    10. Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002. "Unit root tests in panel data: asymptotic and finite-sample properties," Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
    11. Shouying Liu & Baojin Wang, 2022. "The decline in agricultural share and agricultural industrialization—some stylized facts and theoretical explanations," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 14(3), pages 469-493, April.
    12. Amiri, Hossein & Sayadi, Mohammad & Mamipour, Siab, 2021. "Oil Price Shocks and Macroeconomic Outcomes; Fresh Evidences from a scenario-based NK-DSGE analysis for oil-exporting countries," Resources Policy, Elsevier, vol. 74(C).
    13. Pohlová, K. & Smutka, L. & Laputková, A. & Svatoš, M., 2018. "Czech Agrarian Foreign Trade According to the Degree of Processing," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 10(3), September.
    14. Lena Behrendt & Elisenda Estruch & Johannes Sauer & Habtamu Y. Ayenew & Getachew Abate-Kassa & Peter Wobst, 2021. "Decent Rural Employment in a specialised and a diversified production system in Tanzania," Development Southern Africa, Taylor & Francis Journals, vol. 38(6), pages 1017-1030, November.
    15. Thomas J. Bassett & Moussa Koné & Nathan R. Pavlovic, 2018. "Power Relations and Upgrading in the Cashew Value Chain of Côte d'Ivoire," Development and Change, International Institute of Social Studies, vol. 49(5), pages 1223-1247, September.
    16. Zaman, Shah & Zaman, Qamar uz & Zhang, Leilei & Wang, Zilong & Jehan, Noor, 2022. "Interaction between agricultural production, female employment, renewable energy, and environmental quality: Policy directions in context of developing economies," Renewable Energy, Elsevier, vol. 186(C), pages 288-298.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zaman, Qamar uz & Zhao, Yuhuan & Zaman, Shah & Shah, Aadil Hameed, 2023. "Examining the symmetrical effect of traditional energy resources, industrial production, and poverty lessening on ecological sustainability: Policy track in the milieu of five neighboring Asian econom," Resources Policy, Elsevier, vol. 83(C).
    2. Xing Ji & Jia Chen & Hongxiao Zhang, 2024. "Agricultural specialization activates the industry chain: Implications for rural entrepreneurship in China," Agribusiness, John Wiley & Sons, Ltd., vol. 40(4), pages 950-974, October.
    3. Herwartz, Helmut & Reimers, Hans-Eggert, 2006. "Modelling the Fisher hypothesis: World wide evidence," Economics Working Papers 2006-04, Christian-Albrechts-University of Kiel, Department of Economics.
    4. Bilal Mehmood & Syed Hassan Raza & Mahwish Rana & Huma Sohaib & Muhammad Azhar Khan, 2014. "Triangular Relationship between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks," International Journal of Energy Economics and Policy, Econjournals, vol. 4(4), pages 610-620.
    5. Germán Bet & Cecilia Peluffo, 2023. "Democracy, commodity price booms, and infant mortality," Empirical Economics, Springer, vol. 64(1), pages 153-193, January.
    6. Lee, Jung Wan & Brahmasrene, Tantatape, 2013. "Investigating the influence of tourism on economic growth and carbon emissions: Evidence from panel analysis of the European Union," Tourism Management, Elsevier, vol. 38(C), pages 69-76.
    7. Jean C. Kouam & Simplice Asongu, 2022. "The non-linear effects of fixed broadband on economic growth in Africa," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 50(5), pages 881-895, August.
    8. Ranjan Aneja & Umer J. Banday & Tanzeem Hasnat & Mustafa Koçoglu, 2017. "Renewable and Non-renewable Energy Consumption and Economic Growth: Empirical Evidence from Panel Error Correction Model," Jindal Journal of Business Research, , vol. 6(1), pages 76-85, June.
    9. Bosker, Maarten & Brakman, Steven & Garretsen, Harry & Schramm, Marc, 2008. "A century of shocks: The evolution of the German city size distribution 1925-1999," Regional Science and Urban Economics, Elsevier, vol. 38(4), pages 330-347, July.
    10. Eicher, Theo S. & Schreiber, Till, 2010. "Structural policies and growth: Time series evidence from a natural experiment," Journal of Development Economics, Elsevier, vol. 91(1), pages 169-179, January.
    11. Khémiri, Wafa & Noubbigh, Hédi, 2020. "Size-threshold effect in debt-firm performance nexus in the sub-Saharan region: A Panel Smooth Transition Regression approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 76(C), pages 335-344.
    12. Adewale Alola, Andrew & Ozturk, Ilhan & Bekun, Festus Victor, 2021. "Is clean energy prosperity and technological innovation rapidly mitigating sustainable energy-development deficit in selected sub-Saharan Africa? A myth or reality," Energy Policy, Elsevier, vol. 158(C).
    13. Rafiq, Shudhasattwa & Sgro, Pasquale & Apergis, Nicholas, 2016. "Asymmetric oil shocks and external balances of major oil exporting and importing countries," Energy Economics, Elsevier, vol. 56(C), pages 42-50.
    14. Michel Cyrille Samba & Seabrook Arthur Mveng, 2023. "Substitution Between Private and Government Consumption in a Currency Area: The Case of the CFA Franc Zone," Public Finance Review, , vol. 51(3), pages 432-450, May.
    15. Tang, Linghui & Trevino, Len J., 2010. "Asymmetries in Knowledge Dissemination from the Industrial Triad to Asia," The Journal of Economic Asymmetries, Elsevier, vol. 7(1), pages 1-21.
    16. Carrión-Flores, Carmen E. & Innes, Robert, 2010. "Environmental innovation and environmental performance," Journal of Environmental Economics and Management, Elsevier, vol. 59(1), pages 27-42, January.
    17. Neil A. Wilmot & Ariuna Taivan, 2021. "Examining the Impact of Financial Development on Energy Production in Emerging Economies," JRFM, MDPI, vol. 14(2), pages 1-17, February.
    18. Raffaello Bronzini & Paolo Piselli, 2006. "Determinants of long-run regional productivity: the role of R&D, human capital and public infrastructure," Temi di discussione (Economic working papers) 597, Bank of Italy, Economic Research and International Relations Area.
    19. Francesco Fallucchi & Jan Niederreiter & Massimo Riccaboni, 2021. "Learning and dropout in contests: an experimental approach," Theory and Decision, Springer, vol. 90(2), pages 245-278, March.
    20. Menzie Chinn & Louis Johnston, 1996. "Real Exchange Rate Levels, Productivity and Demand Shocks: Evidence from a Panel of 14 Countries," NBER Working Papers 5709, National Bureau of Economic Research, Inc.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aolpei:348990. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/fevszcz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.