GLF - 0.019 5.5-0.013**-3.0 (0.026) (0.006)...

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GLF Page 1 Grain Production/Consumption GLF (Li and Yang 2005) 0 50 100 150 200 250 Year 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 Year 1952 = 100 Grain Output Grain Procurement Proc Ratio Ret Grain/Capita GLF CCollapse
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Changes in % contribution Changes in % contribution Contributing Factors ln(output) to total change ln(output) to total change (1) (2) (3) (4) Observed total change -0.352 -100.0 0.445 100.0 Estimated total change -0.232*** -66.1 0.315*** 70.7 (0.038) (0.024) 1. Procurement/nutrition -0.100*** -28.3 0.042*** 9.4 (0.029) (0.002) 2. Resource diversions -0.116*** -33.0 0.165*** 37.1 (0.024) (0.029) Sown acreage -0.023*** -6.6 0.010*** 2.2 (0.005) (0.002) Capital -0.009*** -2.5 0.041*** 9.2 (0.002) (0.009) Labor -0.004*** -1.2 0.035*** 7.8 (0.001) (0.011) Steel production -0.080*** -22.6 0.080*** 17.9 (0.023) (0.023) 3. Weather conditions -0.045*** -12.9 0.052*** 14.7 (0.008) (0.012) 4. Policy factors
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Unformatted text preview: 0.019 5.5-0.013**-3.0 (0.026) (0.006) Dining/radicalism-0.049** 13.9 (0.024) No exit-0.001-0.3-0.001-0.2 (0.001) (0.001) Scale of production-0.029**-8.1-0.012**-2.8 (0.012) (0.005) 5. Modern inputs 0.011** 3.0 0.055*** 12.3 (0.005) (0.017) Fertilizer 0.009* 2.6 0.028* 6.4 (0.005) (0.015) Irrigation 0.0014*** 0.4 0.026*** 5.9 (0.003) (0.005) 6. Miscillaneous-0.0014-0.4 0.001 0.3 (0.0131) (0.016) Grain area (%)-0.0008-0.2 0.002 0.5 (0.0014) (0.004) Time trend-0.0006-0.2-0.001-0.2 (0.0131) (0.015) 7. Residuals-0.119***-33.9 0.130*** 29.3 (0.038) (0.024) Note: Standard errors are in parentheses. ***, ** and * indicate statistical significance at 1, 5 and 10% level. Table 5. Decomposing the Sources of Grain Output Collapse and Recovery The Collapse The Recovery (1958-61) (1962-66) 45...
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This note was uploaded on 07/17/2008 for the course ECON 508 taught by Professor Fleisher during the Winter '06 term at Ohio State.

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GLF - 0.019 5.5-0.013**-3.0 (0.026) (0.006)...

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