The erosion of agriculture in an oil economy: The case of export crop production in Trinidad

Pollard, H.J.

doi:10.1016/0305-750x(85)90110-x

Cited by 13 publications

(13 citation statements)

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“…Industrial policy, for instance, "became a guise for the transfer of public resources to privately owned priority sectors chosen for political reasons" (Naim, 1993, p. 24). Investment by public enterprises expanded from 4.48 percent of GDP in 19704.48 percent of GDP in to 1973 to an average of 10.25 percent of GDP over 1974to 1985(Larrain and Selowsky, 1991.1). Large-scale public-investment projects included the construction of aluminum and steel plants, which ran at less than fifty percent capacity upon completion (Bourgignon, 1988).…”

Section: Venezuelamentioning

confidence: 99%

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Power, growth, and the voracity effect

1996

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Why is it that resource-rich countries tend to have lower growth rates than resource-poor countries? And why is it that many countries that enjoy terms-of-trade windfalls end up with lower growth rates? To explain these puzzles, we extend the neoclassical growth model by replacing the representative agent with multiple powerful groups and by introducing a new concept, the voracity effect--a more than proportional increase in redistribution in response to an increase in the raw rate of return. We show that, in an economy with powerful groups and weak institutions, the voracity effect operates if the elasticity of intertemporal substitution is high enough. That is, there exists a negative relationship between the growth rate and the raw rate of return, which is positively related to the terms of trade. We provide some empirical evidence in support of the mechanism we propose.

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Section: Venezuelamentioning

confidence: 99%

“…Subsidies averages 11.7 percent of GDP over 1980 to 1990 (World Bank data). The productive agricultural sector contracted sharply as laborers were bidded away by government-supported projects (Pollard, 1985).…”

Section: Trinidad and Tobagomentioning

confidence: 99%

Power, growth, and the voracity effect

1996

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“…Aside from the isolated CADP, high levels of theft at green maize maturity were reported for all projects, reflecting the societal value placed on the crop and economic disparities within the country. That high levels of theft were reported both before and after an oil boom in the 1970s and early 1980s (Pollard, 1985) indicates such problems are endemic.…”

Section: Development Perspectives For Maize Productionmentioning

confidence: 94%

“…It appears unlikely that this situation will change until oil ceases to dominate the economy (Pollard, 1985).…”

Section: Development Perspectives For Maize Productionmentioning

confidence: 99%

“…Such operations are difficult, and at times impossible, because of the soils cultivated. Because of the high cost of unionized labour, mechanization is considered the only viable economic alternative on large government farms (Pollard, 1985). Ratooning or perennial crops, for which field operations can be performed on dry soils, would be more amenable to mechanization than would maize.…”

Section: Development Perspectives For Maize Productionmentioning

confidence: 99%

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Perspectives in Development for Maize Production in the Caribbean: A Case Study of Trinidad and Tobago

Spaner

Brathwaite

Mather

1997

Canadian Journal of Development Studies/Revue canadienne d'étud

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The rzeed to diversify out of sugar cane and to increase local food production resulted in the promotion of large-scale, input-intensive and mechanized grain maize (Zea mays L.) production for the Caribbean. This paper describes common problems encountered during large-scale development projects for the mechanizedproduction ofgrain maize in Trinidad and Tobago. Farmers on small landholdings produce maize as a fast, easy and relatively profitable sideline vegetable. Development projects have not addressed the realities of this sector. It is unlikely that small-scale farmers will adopt grain maize production, as the production of green maize is more profitable.Dksireux de rkduire leur dkpendance envers la culture de la carzne d sucre et d'augmenter la production alimentaire locale, les pays des Carai'bes ant entrepris de promouvoir la culture intensive du maij ckrkalier (Zea mays L.). Cet article dkcrit les probltmes communkment kprouvks au cours de projets de dkveloppement b grande kchelle de la culture mkcarliske du maij ckrkalier a Trinitk et Tobago. Normalement, le mazs y est cultivk dans de petites exploitatiorrs agricoles comme produit maraicher secondaire, facile, rapide et relativemen t profitable. Or, les projets de dkveloppement ne tiennent pas compte de la rkalitk locale. De fait, il est peu probable que les petits prodrrcteurs Canadian s'irltkresserit a la culture du m a 3 ckrkalier, ktant dorlnk que la rkcolte du ma% au stade Yournal of immature est plus rentable. 'DevelopmentStudies

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Economic Development: From Sugar to Hydrocarbons and Beyond

Khadan,

Jit Ruprah

2024

Unraveling Race, Politics, and Gender in Trinidad and Tobago’s Economic Development

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The erosion of agriculture in an oil economy: The case of export crop production in Trinidad

Cited by 13 publications

References 1 publication

Power, growth, and the voracity effect

Power, growth, and the voracity effect

Perspectives in Development for Maize Production in the Caribbean: A Case Study of Trinidad and Tobago

Economic Development: From Sugar to Hydrocarbons and Beyond

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