Agriculture and National Welfare Around the World : Causality and International Heterogeneity Since 1960

Calculations of marginal welfare effects suggest that agricultural development has had important positive effects on national welfare, especially in developing countries. Latin American and Caribbean countries have also benefited from agricultural growth, but non-agricultural production has had marg...

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Main Authors:	Bravo-Ortega, Claudio, Lederman, Daniel
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING AGRICULTURAL DEVELOPMENT AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURE AIR POLLUTION COMMODITIES CROPS DEFORESTATION DEMAND FOR FOOD DEVELOPED COUNTRIES DEVELOPMENT INDICATORS ECONOMETRIC ESTIMATES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC POLICIES ECONOMIC SECTORS ECONOMICS ECONOMISTS ELASTICITIES ELASTICITY EMISSIONS EMPIRICAL ANALYSIS EMPLOYMENT ENVIRONMENTAL KUZNETS ENVIRONMENTAL QUALITY EQUILIBRIUM EXPORTS EXTERNALITIES FOOD PROCESSING GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROWTH RATE HUMAN CAPITAL IMPORTS INCOME INCOME DISTRIBUTION LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LATIN AMERICAN MACROECONOMIC SHOCKS MULTIPLIER EFFECT MULTIPLIER EFFECTS OUTPUTS PER CAPITA INCOME PER CAPITA INCOMES POLICY DECISIONS POLICY RESEARCH POSITIVE EFFECTS POSITIVE EXTERNALITIES PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH SAVINGS SOCIAL WELFARE SPILLOVERS TECHNOLOGICAL PROGRESS TERMS OF TRADE TIME SERIES TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH URBAN AREAS UTILITY FUNCTION WATER POLLUTION WEALTH WELFARE EFFECTS WELFARE FUNCTION WELFARE GAINS
Online Access:	http://documents.worldbank.org/curated/en/2005/02/5625105/agriculture-national-welfare-around-world-causality-international-heterogeneity-1960 http://hdl.handle.net/10986/8903

id	okr-10986-8903
recordtype	oai_dc
spelling	okr-10986-89032021-04-23T14:02:42Z Agriculture and National Welfare Around the World : Causality and International Heterogeneity Since 1960 Bravo-Ortega, Claudio Lederman, Daniel ACCOUNTING AGRICULTURAL DEVELOPMENT AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURE AIR POLLUTION COMMODITIES CROPS DEFORESTATION DEMAND FOR FOOD DEVELOPED COUNTRIES DEVELOPMENT INDICATORS ECONOMETRIC ESTIMATES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC POLICIES ECONOMIC SECTORS ECONOMICS ECONOMISTS ELASTICITIES ELASTICITY EMISSIONS EMPIRICAL ANALYSIS EMPLOYMENT ENVIRONMENTAL KUZNETS ENVIRONMENTAL QUALITY EQUILIBRIUM EXPORTS EXTERNALITIES FOOD PROCESSING GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROWTH RATE HUMAN CAPITAL IMPORTS INCOME INCOME DISTRIBUTION LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LATIN AMERICAN MACROECONOMIC SHOCKS MULTIPLIER EFFECT MULTIPLIER EFFECTS OUTPUTS PER CAPITA INCOME PER CAPITA INCOMES POLICY DECISIONS POLICY RESEARCH POSITIVE EFFECTS POSITIVE EXTERNALITIES PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH SAVINGS SOCIAL WELFARE SPILLOVERS TECHNOLOGICAL PROGRESS TERMS OF TRADE TIME SERIES TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH URBAN AREAS UTILITY FUNCTION WATER POLLUTION WEALTH WELFARE EFFECTS WELFARE FUNCTION WELFARE GAINS Calculations of marginal welfare effects suggest that agricultural development has had important positive effects on national welfare, especially in developing countries. Latin American and Caribbean countries have also benefited from agricultural growth, but non-agricultural production has had marginal welfare effects that are greater in magnitude than those provided by agricultural activities. In contrast, the industrialized, high-income countries experienced marginal welfare gains from non-agricultural activities that are much greater than those derived from agriculture, whose impact is actually negative. These calculations of marginal welfare effects across regions depend on econometric estimates of elasticities linking agricultural and nonagricultural economic activities to four elements in a national welfare function: national GDP per capita, average income of the poorest households within countries, environmental outcomes concerning air and water pollution and deforestation, and macroeconomic volatility. The econometric analyses are motivated by theoretical treatments of key issues. The empirical models are estimated with various econometric techniques that deal with issues of causality and international heterogeneity. 2012-06-25T14:12:55Z 2012-06-25T14:12:55Z 2005-02 http://documents.worldbank.org/curated/en/2005/02/5625105/agriculture-national-welfare-around-world-causality-international-heterogeneity-1960 http://hdl.handle.net/10986/8903 English en_US Policy Research Working Paper No. 3499 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING AGRICULTURAL DEVELOPMENT AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURE AIR POLLUTION COMMODITIES CROPS DEFORESTATION DEMAND FOR FOOD DEVELOPED COUNTRIES DEVELOPMENT INDICATORS ECONOMETRIC ESTIMATES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC POLICIES ECONOMIC SECTORS ECONOMICS ECONOMISTS ELASTICITIES ELASTICITY EMISSIONS EMPIRICAL ANALYSIS EMPLOYMENT ENVIRONMENTAL KUZNETS ENVIRONMENTAL QUALITY EQUILIBRIUM EXPORTS EXTERNALITIES FOOD PROCESSING GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROWTH RATE HUMAN CAPITAL IMPORTS INCOME INCOME DISTRIBUTION LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LATIN AMERICAN MACROECONOMIC SHOCKS MULTIPLIER EFFECT MULTIPLIER EFFECTS OUTPUTS PER CAPITA INCOME PER CAPITA INCOMES POLICY DECISIONS POLICY RESEARCH POSITIVE EFFECTS POSITIVE EXTERNALITIES PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH SAVINGS SOCIAL WELFARE SPILLOVERS TECHNOLOGICAL PROGRESS TERMS OF TRADE TIME SERIES TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH URBAN AREAS UTILITY FUNCTION WATER POLLUTION WEALTH WELFARE EFFECTS WELFARE FUNCTION WELFARE GAINS
spellingShingle	ACCOUNTING AGRICULTURAL DEVELOPMENT AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURE AIR POLLUTION COMMODITIES CROPS DEFORESTATION DEMAND FOR FOOD DEVELOPED COUNTRIES DEVELOPMENT INDICATORS ECONOMETRIC ESTIMATES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC POLICIES ECONOMIC SECTORS ECONOMICS ECONOMISTS ELASTICITIES ELASTICITY EMISSIONS EMPIRICAL ANALYSIS EMPLOYMENT ENVIRONMENTAL KUZNETS ENVIRONMENTAL QUALITY EQUILIBRIUM EXPORTS EXTERNALITIES FOOD PROCESSING GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROWTH RATE HUMAN CAPITAL IMPORTS INCOME INCOME DISTRIBUTION LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LATIN AMERICAN MACROECONOMIC SHOCKS MULTIPLIER EFFECT MULTIPLIER EFFECTS OUTPUTS PER CAPITA INCOME PER CAPITA INCOMES POLICY DECISIONS POLICY RESEARCH POSITIVE EFFECTS POSITIVE EXTERNALITIES PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH SAVINGS SOCIAL WELFARE SPILLOVERS TECHNOLOGICAL PROGRESS TERMS OF TRADE TIME SERIES TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH URBAN AREAS UTILITY FUNCTION WATER POLLUTION WEALTH WELFARE EFFECTS WELFARE FUNCTION WELFARE GAINS Bravo-Ortega, Claudio Lederman, Daniel Agriculture and National Welfare Around the World : Causality and International Heterogeneity Since 1960
relation	Policy Research Working Paper No. 3499
description	Calculations of marginal welfare effects suggest that agricultural development has had important positive effects on national welfare, especially in developing countries. Latin American and Caribbean countries have also benefited from agricultural growth, but non-agricultural production has had marginal welfare effects that are greater in magnitude than those provided by agricultural activities. In contrast, the industrialized, high-income countries experienced marginal welfare gains from non-agricultural activities that are much greater than those derived from agriculture, whose impact is actually negative. These calculations of marginal welfare effects across regions depend on econometric estimates of elasticities linking agricultural and nonagricultural economic activities to four elements in a national welfare function: national GDP per capita, average income of the poorest households within countries, environmental outcomes concerning air and water pollution and deforestation, and macroeconomic volatility. The econometric analyses are motivated by theoretical treatments of key issues. The empirical models are estimated with various econometric techniques that deal with issues of causality and international heterogeneity.
format	Publications & Research :: Policy Research Working Paper
author	Bravo-Ortega, Claudio Lederman, Daniel
author_facet	Bravo-Ortega, Claudio Lederman, Daniel
author_sort	Bravo-Ortega, Claudio
title	Agriculture and National Welfare Around the World : Causality and International Heterogeneity Since 1960
title_short	Agriculture and National Welfare Around the World : Causality and International Heterogeneity Since 1960
title_full	Agriculture and National Welfare Around the World : Causality and International Heterogeneity Since 1960
title_fullStr	Agriculture and National Welfare Around the World : Causality and International Heterogeneity Since 1960
title_full_unstemmed	Agriculture and National Welfare Around the World : Causality and International Heterogeneity Since 1960
title_sort	agriculture and national welfare around the world : causality and international heterogeneity since 1960
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/02/5625105/agriculture-national-welfare-around-world-causality-international-heterogeneity-1960 http://hdl.handle.net/10986/8903
_version_	1764407089470373888

Agriculture and National Welfare Around the World : Causality and International Heterogeneity Since 1960

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