The free trade and marketing across borders of food and agricultural products have reduced their prices, and have consequently been pushing down the prices of agricultural machinery. Utilizing the worldwide industrial infrastructure, the manufacturing industry, including agricultural machinery manufacturers, has expanded the worldwide sourcing of materials and components and complied with such ...

a r t i c l e i n f o A good harvest usually leads to a collapse of agricultural prices since the price elasticity of agricultural products is relatively low. To stabilize the market and protect farmers, many countries have introduced a target zone policy, together with product purchasing or price subsidy strategies. This article analyzes the effect of a target zone with different strategies op...

Consider a small developing economy with a manufacturing sector opened to international trade, and an agricultural sector having limited, not to say any, access to world markets. We modify the Grossman and Helpman’s influence-driven model of trade policy formation to allow for an endogenously determined wage rate in a three-sector economy where the manufacturing sector can lobby policy makers f...

Many new technologies involving agricultural commodities will not be final consumer products, rather they will be inputs into the manufacture of other products. The new technologies may be new manufacturing processes (to accommodate a new raw material), or intermediate products that will be used in the production of other products (e.g., plastics are used to manufacture final consumer products)...

Resources’ scarcity, especially in developing countries, has caused allocation essentially among competing activities to create value. The importance of resource allocation would be more understood if we pay attention to growing complexity in societies and economic development problems they face. In the context of the national economic development literature, the notion of “Key or Critical Sect...

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during the past two decades business and manufacturing have observed significant and radical changes. companies have used automation in the manufacturing, in order to improve quality and competency. it was expected that along with these changes, management accounting systems, which focus on monitoring and analyzing management decisions, should adapt with and encourage the changes. many authors ...

We explore heat-related labor impacts both for their own interest and to understand the role of adaptation in responding to climate change. Focusing on non-agricultural sectors in the United States, we find that hot temperatures exert a causal negative impact on county-level payroll – reducing payroll by several percentage points in a 2◦C hotter year – with larger impacts in highly exposed indu...

In many developing countries, agriculture hires at least as many workers as manufacturing industries. We investigate an economic geography model in which agricultural goods are costly to transport and in which manufactures hire labor from the local agricultural sector as unskilled labor. Our conclusions show that the parameters in the agricultural sector are crucial to determine the spatial con...