The effects of macroeconomic policy on S
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R. F. Townsend; C. Thirtle
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Article
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1998
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John Wiley and Sons
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English
โ 194 KB
๐ 2 views
Cointegration techniques were used to identify valid long-run relationships between macroeconomic variables and agriculture. Then, identifying restrictions were imposed on a VAR system and three long-run equilibrium relationships were found, with exports, the real price of outputs and net farm incom