Market Price Response of World Rice Research
研究发现世界水稻研究产出对国际市场价格短期波动高度敏感,暗示公共农业投资可能被周期性价格误导,导致粮食短缺与过剩的蛛网式循环。
Abstract Using the total number of research publications as a proxy, the output of rice research in the world is estimated to be highly responsive in the short run to price fluctuations in the international rice market. The results suggest a danger of the inducement mechanism of public investment in the agricultural production infrastructure being misguided by cyclical price changes, thereby leading to recurrent food shortages and oversupplies in a cobweb‐like manner.