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Market Price Response of World Rice Research

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  • Yujiro Hayami
  • Masao Kikuchi
  • Kazuko Morooka

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.

Suggested Citation

  • Yujiro Hayami & Masao Kikuchi & Kazuko Morooka, 1989. "Market Price Response of World Rice Research," Agricultural Economics, International Association of Agricultural Economists, vol. 3(4), pages 333-343, December.
    • Handle: RePEc:bla:agecon:v:3:y:1989:i:4:p:333-343
    DOI: 10.1111/j.1574-0862.1989.tb00095.x
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    Cited by:

    1. Dan Wang & Xu Du & Jian Sun & Xiangyu Guo & Yao Chen, 2018. "Synergy of National Agricultural Innovation Systems," Sustainability, MDPI, vol. 10(10), pages 1-20, September.
    2. Jolejole-Foreman, Maria Christina & Mallory, Mindy L., 2011. "Analyzing Market Price Transmission, Government Intervention and Weather Shocks for Rice Market in the Philippines," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103163, Agricultural and Applied Economics Association.
    3. Kazuko Morooka & Mila M. Ramos & Fonseca N. Nathaniel, 2014. "A bibliometric approach to interdisciplinarity in Japanese rice research and technology development," Scientometrics, Springer;Akadémiai Kiadó, vol. 98(1), pages 73-98, January.

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