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International aggregate agricultural supply for grain and oilseed: The effects of efficiency and technological change

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  • Nestor Le Clech
  • Carmen Fillat‐Castejón

Abstract

This paper analyses the effects of the main determinants of international aggregate agricultural supply. We propose a new model that captures the farmers’ expectations through the storage approach, instead of using Nerlove's basic model. As an innovation, we add the effects of efficiency and technological change directly, thus achieving a more powerful and informative estimation than with the usual dynamic model. Moreover, we consider the effect of climate and construct a sowing and harvesting calendar for each country and each crop to measure the supply more precisely. We also analyze the effects of agricultural prices and their volatility, of commercial policy and of changes in inventories on the suppliers’ decisions. Finally, we examine the differences in these determinants depending on the level of development of the countries. [EconLit citations: Q11, Q16, Q18].

Suggested Citation

  • Nestor Le Clech & Carmen Fillat‐Castejón, 2017. "International aggregate agricultural supply for grain and oilseed: The effects of efficiency and technological change," Agribusiness, John Wiley & Sons, Ltd., vol. 33(4), pages 569-585, September.
    • Handle: RePEc:wly:agribz:v:33:y:2017:i:4:p:569-585
    DOI: 10.1002/agr.21514
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    4. Shikur, Zewdie Habte, 2021. "Potato and Tomato Supply and Yield Responses to Policy in Ethiopia," African Journal of Economic Review, African Journal of Economic Review, vol. 9(4), September.

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