Abstract
Abstract
Although coffee is still an important agricultural commodity in Colombia, the coffee share of GDP has significantly declined over the past 40 years. Controlling for changes in relative prices, factor endowments, and technological change, we analyze the coffee share decline in conjunction with other agricultural output by applying a Vector Error Correction model. The results indicate that while market liberalization policies contributed to the declining coffee share of GDP, the decline was partly offset by the end of coffee export quotas. Our results support policies in favor of assistance for farmers to compete in international markets.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Agronomy and Crop Science
Reference108 articles.
1. Statistics Online Support (SOS). 2015. Degrees of Freedom. Department of Statistics and Data Sciences, The University of Texas at Austin. Available at: https://sites.utexas.edu/sos/.
2. Price relationships between qualitatively differentiated agricultural products: organic and conventional wheat in Germany
3. Agricultural price transmission across space and commodities during price bubbles
4. Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis;Zivot;Journal of Business and Economic Statistics,1992
5. The Impact of International Trade on Wages
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献