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The rise and fall in the price of food, fuel and manufactured goods : interdependency between prices and technology determining comparative advantages and development paths
https://doi.org/10.20561/00037868
https://doi.org/10.20561/00037868c7dfe479-4c2b-43e7-8221-79c05b933236
名前 / ファイル | ライセンス | アクション |
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Item type | アジ研テクニカルレポート / IDE Technical Report(1) | |||||
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公開日 | 2011-09-28 | |||||
タイトル | ||||||
タイトル | The rise and fall in the price of food, fuel and manufactured goods : interdependency between prices and technology determining comparative advantages and development paths | |||||
言語 | ||||||
言語 | eng | |||||
資源タイプ | ||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||
資源タイプ | technical report | |||||
ID登録 | ||||||
ID登録 | 10.20561/00037868 | |||||
ID登録タイプ | JaLC | |||||
著者 |
Yamagata, Tatsufumi
× Yamagata, Tatsufumi× Asuyama, Yoko |
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著者別名 | ||||||
値 | 山形, 辰史 | |||||
著者別名 | ||||||
値 | 明日山, 陽子 | |||||
抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | Green innovation, which enables us to extract energy from food crops, caused a food shortage in 2008. Countries suffering severe damage started to reconsider their agricultural policy with the aim of becoming more autonomous. The food price hike of the time looks like a reversal of the celebrated Singer-Prebisch thesis proposed in the 1950s. This paper examines the consequences of this trend on the comparative advantages and development strategies of developing countries. For that purpose, first, trends and short-run fluctuations in the prices of fuel and bio-energy crops are investigated. It is shown that the price series of fuels and the crops are synchronized only after the fuel extracting technology came into effect. Second, the reversal of the Singer-Prebisch thesis is underpinned by the generic form of an endogenous growth model developed by Rebelo (1991). It is shown that as an economy grows, appreciation of the non-reproducible, such as mineral resources and raw labor, over the reproducible, such as capital goods, is the norm rather than an anomaly. Third, the consequences of the food price hike and underlying capital accumulation on the development strategies of labor-abundant and low-income countries are explored. It is concluded that the impact of the food price hikes on the alteration of a development strategy is only incremental, without reinforcement from raw-labor-saving innovation. A case study of inventions by JUKI Corporation, a world-leader in the sewing machine market exemplifies the fact that, of all the major inventions the company have made, raw-labor-saving inventions have not dominated, although JUKI's machines are sold to one of the most raw-labor-intensive industries. | |||||
権利 | ||||||
権利情報 | Copyrights 日本貿易振興機構(ジェトロ)アジア経済研究所 / Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) http://www.ide.go.jp | |||||
収録情報 |
IDE Discussion Paper en : IDE Discussion Paper 巻 300, 発行日 2011-06-01 |
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出版者 | ||||||
出版者 | Institute of Developing Economies (IDE-JETRO) | |||||
著者版フラグ | ||||||
出版タイプ | VoR | |||||
出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
日本十進分類法 | ||||||
主題Scheme | NDC | |||||
主題 | 611.36 | |||||
JEL分類 | ||||||
主題Scheme | Other | |||||
主題 | JEL:O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products | |||||
JEL分類 | ||||||
主題Scheme | Other | |||||
主題 | JEL:O33 - Technological Change: Choices and Consequences; Diffusion Processes | |||||
JEL分類 | ||||||
主題Scheme | Other | |||||
主題 | JEL:O40 - General | |||||
JEL分類 | ||||||
主題Scheme | Other | |||||
主題 | JEL:Q16 - R&D; Agricultural Technology; Agricultural Extension Services | |||||
JEL分類 | ||||||
主題Scheme | Other | |||||
主題 | JEL:Q32 - Exhaustible Resources and Economic Development | |||||
JEL分類 | ||||||
主題Scheme | Other | |||||
主題 | JEL:Q42 - Alternative Energy Sources] | |||||
地域/国名 | ||||||
位置情報(自由記述) | 発展途上国 | |||||
キーワード(LSH) | ||||||
主題Scheme | Other | |||||
主題 | Developing countries | |||||
キーワード(LSH) | ||||||
主題Scheme | Other | |||||
主題 | Food problem | |||||
キーワード(LSH) | ||||||
主題Scheme | Other | |||||
主題 | Prices | |||||
キーワード(LSH) | ||||||
主題Scheme | Other | |||||
主題 | Agricultural policy | |||||
キーワード(LSH) | ||||||
主題Scheme | Other | |||||
主題 | Energy resource | |||||
キーワード(LSH) | ||||||
主題Scheme | Other | |||||
主題 | Bio-energy | |||||
キーワード(LSH) | ||||||
主題Scheme | Other | |||||
主題 | Singer-Prebisch thesis | |||||
キーワード(LSH) | ||||||
主題Scheme | Other | |||||
主題 | Directed technical change | |||||
キーワード(LSH) | ||||||
主題Scheme | Other | |||||
主題 | Development strategy | |||||
フォーマット | ||||||
内容記述タイプ | Other | |||||
内容記述 | application/pdf | |||||
DIG_NO | ||||||
内容記述タイプ | Other | |||||
内容記述 | IDP000300_001 |