haku: @indexterm POTATO INDUSTRY / yhteensä: 2
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Tekijä: | Rosen, S. |
Otsikko: | Potato paradoxes |
Lehti: | Journal of Political Economy
1999 : DEC, VOL. 107:6, part 2, p. S294-S313 |
Asiasana: | POLITICAL ECONOMY IRISH REPUBLIC POTATO INDUSTRY |
Kieli: | eng |
Tiivistelmä: | Price and quantity data prove that Irish potatoes in the 1840s were not Giffen goods. Intertemporal trade-offs required by the fact that a sizable fraction of the potato crop is needed for seed crops can produce unusual market dynamics. The Irish experience is well described by a normal demand model in which a permanent decline in the productivity of seed potatoes was at first mistaken as a transitory crop failure. |
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