Terms of Trade of Agriculture and Food Production: Case of Mexico

Antonio Yunez N.

No 197706, 1989 Occasional Paper Series No. 5 from International Association of Agricultural Economists

Abstract: This paper presents the main results of a study that proposes a methodology for studying whether or not a heterogeneous agricultural sector, such as that of Mexico, faces unfavourable terms of trade. These results are used to interpret the origins of the basic food production problems experienced by Mexico since the 1960s. The analysis takes classical economics as the theoretical framework; the study's empirical nature makes it one of the few quantitative studies on agricultural terms of trade in this tradition. Agriculture clearly faced unfavourable terms of trade during 1960 and 1970, and the terms of trade of its peasant component explain the phenomenon. This, together with government intervention in setting low basic crop prices, explains the agricultural problems of contemporary Mexico.

Keywords: Agribusiness; Agricultural and Food Policy; Agricultural Finance; International Relations/Trade (search for similar items in EconPapers)
Pages: 6
Date: 1989
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/197706/files/a ... pers-1989-032_1_.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:iaaeo5:197706

DOI: 10.22004/ag.econ.197706

Access Statistics for this paper

More papers in 1989 Occasional Paper Series No. 5 from International Association of Agricultural Economists Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).