Argentine Agricultural Structure and Policy Implications

Lilyan Fulginiti and Richard Perrin

No 197659, 1989 Occasional Paper Series No. 5 from International Association of Agricultural Economists

Abstract: This paper uses 1940-80 time-series data and a multiproduct, multinput aggregate translog profit function to estimate the structure of Argentine agricultural technology. Estimates of own-price supply elasticity ranged between 0 and 1.5, and derived demand elasticities were between -1 and -2. Given the author's estimates of price wedges due to currency overvaluation, trade restrictions, and domestic taxes, the implications of eliminating any one of these policy-induced wedges would be to increase production of the various agricultural commodities from as little as 5 percent to as much as 100 percent.

Keywords: Agribusiness; Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Pages: 8
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaaeo5:197659

DOI: 10.22004/ag.econ.197659

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