This paper attempts to explain the acreage allocation behavior of sugarcane cultivators in terms of their responsiveness to price and non-price factors over the period, 1972-73 to 1993-94. Specifically. the paper estimates the elasticities of sugarcane acreage in Sindh and its districts .with respect to the crops' (i) relative profitability, (ii) irrigation, (iii) risk variable arising from price and yield, (iv) area under plant protection measures and (v) sugar production by factories. Through its adjustment coefficient the model estimates the degree of farmers' realisation of various incentives provided to them.
The paper is concerned with the emergence of poverty in Uzbekistan during the transition from central planning to a more market oriented economic system. Three concepts of poverty arc discussed: income poverty, capability poverty and social deprivation. The fragmentary data on the extent of poverty are evaluated and suggestions are made as to the most appropriate policies to reduce poverty.
In the last decade, there has been an increasing interest in the hypothesis of how expectations were formed by economic agents. More recently, many applied studies have tried to test the implications of rational expectations hypo thesis-on survey data. This paper provides empirical evidence on the rationality of survey data of agricultural firms' economic forecasts on gross revenue, capital expenditure and employment. The results of this paper indicate that agricultural firms forecasts do not violate the statistical properties of unbiasedness, efficiency or orthogonality.
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