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Market Price Effects of Technological Change on Income Distribution in Semisubsistence Agriculture

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  • Yujiro Hayami
  • Robert W. Herdt

Abstract

The impact of a technologically induced rightward shift in the supply function of a commodity grown and partly consumed by semisubsistence farmers is examined. In closed-economy, free market situations, the distribution of economic gains between consumers and producers depends on the proportional shift of the supply function, proportion of the commodity marketed, and elasticities of demand and supply for the commodity. Differences in adoption and marketable surplus between large and small farmers result in differential benefits, but over a range of parameter values, small farmers gain as much or more than large farmers when supply shifts faster than demand.

Suggested Citation

  • Yujiro Hayami & Robert W. Herdt, 1977. "Market Price Effects of Technological Change on Income Distribution in Semisubsistence Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(2), pages 245-256.
    • Handle: RePEc:oup:ajagec:v:59:y:1977:i:2:p:245-256.
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    File URL: http://hdl.handle.net/10.2307/1240014
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    Cited by:

    1. Prabhu Pingali, 2007. "Agricultural growth and economic development: a view through the globalization lens," Agricultural Economics, International Association of Agricultural Economists, vol. 37(s1), pages 1-12, December.
    2. Takeshima, Hiroyuki, 2009. "Sensitivity of welfare effects estimated by equilibrium displacement model: a biological productivity growth for semi-subsistence crop in Sub-Sahara African market with high transactions costs," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49287, Agricultural and Applied Economics Association.
    3. A. C. Herruzo, 1992. "Producer Benefits From Technology Induced Supply Shifts In The Ec Cotton Regime," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(1), pages 56-63, January.
    4. Hardaker, J. Brian & Anderson, Jock R. & Dillon, John L., 1984. "Perspectives On Assessing The Impacts Of Improved Agricultural Technologies In Developing Countries," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 28(2-3), pages 1-22, August.
    5. Andreu, Monica Lopez & Peterson, Hikaru Hanawa & Grunewald, Orlen C. & Norman, David W., 2006. "Biotechnology and Economic Development: The Economic Benefits of Maize Streak Virus Tolerant Maize in Kenya," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35271, Southern Agricultural Economics Association.
    6. Wasantha Athukorala & Clevo Wilson, 2017. "Distributional impacts of irrigation-induced agricultural development in a semi-subsistence economy: new evidence," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 19(1), pages 59-75, January.
    7. Michael Harris & Alan Lloyd, 1991. "The Returns to Agricultural Research and the Underinvestment Hypothesis ‐ A Survey," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 24(3), pages 16-27, July.
    8. Minot, Nicholas & Balie, Jean & Valera, Harold Glenn A., 2021. "Prioritizing yield-increasing crop research for poverty impact: An application of microsimulation in the Philippines," 2021 Annual Meeting, August 1-3, Austin, Texas 313976, Agricultural and Applied Economics Association.
    9. Caifeng Tan & Jianping Tao & Lan Yi & Juan He & Qi Huang, 2022. "Dynamic Relationship between Agricultural Technology Progress, Agricultural Insurance and Farmers’ Income," Agriculture, MDPI, vol. 12(9), pages 1-17, August.
    10. Arega D. Alene & V. M. Manyong & Eric F. Tollens & Steffen Abele, 2009. "Efficiency–equity tradeoffs and the scope for resource reallocation in agricultural research: evidence from Nigeria," Agricultural Economics, International Association of Agricultural Economists, vol. 40(1), pages 1-14, January.
    11. Feleke, Shiferaw & Zegeye, Tesfaye, 2006. "Adoption of improved maize varieties in Southern Ethiopia: Factors and strategy options," Food Policy, Elsevier, vol. 31(5), pages 442-457, October.
    12. Hansen, Marc & Conteh, Mohamed & Shakya, Martina & Löwenstein, Wilhelm, 2016. "Determining Minimum Compensation for Lost Farmland: a theory-based impact evaluation of a land grab in Sierra Leone," IEE Working Papers 211, Ruhr University Bochum, Institute of Development Research and Development Policy (IEE).
    13. Yujiro Hayami, 2006. "Globalization and Rural Poverty: A Perspective from a Social Observatory in the Philippines," WIDER Working Paper Series RP2006-44, World Institute for Development Economic Research (UNU-WIDER).

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