Allocative Efficiency in Russian Agriculture: The Case of Fertilizer and Grain

Liefert et al examine the allocative efficiency of the Russian use of mineral fertilizers to produce grain, assessed through domestic and trade prices. The results are used to examine whether fertilizer is being used at its optimal level, and whether the major changes in the volumes of fertilizer us...

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Bibliographic Details
Published in:American journal of agricultural economics 2003-12, Vol.85 (5), p.1228-1233
Main Authors: Liefert, William M., Gardner, Bruce, Serova, Eugenia
Format: Article
Language:English
Subjects:
Agricultural commodities
Agricultural economics
Agricultural Input Markets in Developing and Transition Economies
Agricultural policy
Agricultural production
Agriculture
Allocative efficiency
Chemicals
commodity prices
cost analysis
Crop production
Domestic prices
Domestic trade
econometric models
Economics
Efficiency
Elasticity of demand
Estimates
Exports
Farm exports
Farms
fertilizer application
fertilizer use reduction
Fertilizers
Grain
grain crops
Grain trade
Grains
International trade
Marginal products
Market prices
mineral fertilizers
P320
Prices
Production functions
Profits
Q110
Q160
Russia
Wheat
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Summary:Liefert et al examine the allocative efficiency of the Russian use of mineral fertilizers to produce grain, assessed through domestic and trade prices. The results are used to examine whether fertilizer is being used at its optimal level, and whether the major changes in the volumes of fertilizer use and trade during transition have been economically rational. The implications for Russian agricultural policy are also discussed.
ISSN:1467-8276
0002-9092
1467-8276
DOI:10.1111/j.0092-5853.2003.00535.x