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- W648320232 abstract "A general equilibrium model of Mexican agriculture is solved to evaluate the impacts on the sector of higher costs of agrochemicals and machinery operations and higher world market prices. The analysis allows full account to be taken of the many interactions involved among relevant economic variables, particularly on the market side. The results show that in the aggregate real agricultural sector incomes may actually increase as a result of the oil cost increases, but that the income distribution within the sector is likely to become more unequal. It is the nonagricultural part of the economy which will suffer most of the burden of change through substantial increases in food prices. Farm incomes tend to increase because the export prices are higher and because, with relatively inelastic demand schedules, reduced supplies on the domestic market generate higher farm incomes. These two effects more than offset the higher costs of production. Rural employment also will increase somewhat owing to labor-capital substitution caused by the increases in the costs of operating agricultural machinery." @default.
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- W648320232 date "1974-08-01" @default.
- W648320232 modified "2023-09-27" @default.
- W648320232 title "Agriculture and the energy crisis : a case study in Mexico" @default.
- W648320232 hasPublicationYear "1974" @default.
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