A CASE-STUDY OF COCOA REPLANTING AND NEW PLANTING IN BAHIA, BRAZIL - 1966-1985
成果类型：
Article
署名作者：
TRIVEDI, PK
署名单位：
The World Bank
刊物名称：
JOURNAL OF DEVELOPMENT ECONOMICS
ISSN/ISSBN：
0304-3878
DOI：
10.1016/0304-3878(92)90041-7
发表日期：
1992
页码：
279-299
关键词：
摘要：
This paper is a case study of the investment (planting) decisions in the Bahia cocoa sector in the period 1966-1985, with a special focus on the role of producer prices and investment subsidies. The study deals separately with replanting decisions and new planting decisions using aggregate time series data and exploits several concepts of vintage production models. The results of the analysis show that the dynamic response of replanting and new planting to changes in profitability and to interest subsidies is significantly different, and that the latter played a very important role in the successful rejuvenation of the cocoa sector over this period.
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