Effects of Government Programs on Rice Acreage Decisions under Rational Expectations: The Case of Taiwan

Huang C-H

American Journal of Agricultural Economics, 1992, vol. 74, issue 2, 310-317

Abstract: The effects of government programs on rice production in Taiwan are examined under the rational expectations hypothesis. Results suggest that a crop-shifting program designed to divert rice production to other targeted crops was unsuccessful because of contradictory government programs. Under rational expectations, the marginal effects of a price-support program on acreage decline as soon as targeted price is no longer increasing.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:74:y:1992:i:2:p:310-317.

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