Macro economic factors

Top 10 amazing movie makeup transformations Macroeconomics is a branch of economics that studies the economy of a nation form a broad point of view through the application of macroeconomic factors.

Macro economic factors

Historical growth rates are ordinary least squares estimates from annual data, which include rice in milled form. Projected growth rates not in parentheses measure the growth rate from absolute levels to projected levels innot adjusting for differences in regional definitions or for the different base years.

Projected growth rates in parentheses are measured from the base year actually used by each study for FAO, for IFPRI, for World Bank as these data were known at the time the studies were conducted. Population and food in the early twenty-first century: To economize on transport costs and facilities, most of these imports are likely to go to the large cities and coastal region, thus assuring adequate supplies at stable prices.

As a result of policy changes made inBeijing has delegated responsibility for the grain supply of each province to each provincial government.

This means that Beijing has largely lost control of the national grain supply since provinces producing surplus grain can and do restrict exports to other provinces until they are certain their own needs have been met.

This was one reason for the volatile price situation in ; grain did not readily move from the surplus to the deficit areas. Thus the move to a national market, which seemed assured by the reforms, has now been delayed, probably for several years and, if China does import enough grain for its large cities and the coastal area, the national market may well be delayed for decades.

New information from surveys in China and satellite pictures suggests that the grain area has been seriously under-reported, which means that the potential for yield increases is far greater than was previously thought.

The survey data also suggest strongly that stocks have been substantially underestimated. In assessing the demand for livestock products there are serious discrepancies in the official data on meat and poultry production from the various sources.

The output data for meat and poultry implied a per caput availability of more than If per caput consumption was in fact Over the same period, the output of meat and poultry almost doubled from Another data series puts per caput consumption of pork, beef and mutton at All of these figures are in the Statistical Yearbook of China.


A major factor affecting future demand for grain is the consumption of meat. There is great uncertainty about how much meat is now being produced and consumed and how much grain is being used to produce meat, milk and poultry.

Most of the published projections of future demand for and supply of grain fail to recognize the ambiguities in the data on the production and consumption of livestock products. The response of the government to rising imports is also critically important.

However, given that far larger import volumes than have hitherto been experienced seem probable, investment will also be needed in the marketing infrastructure and institutions to cope with the expanded grain trade.

Why China will not starve the world. Choices, First Quarter It can be seen that there is broad agreement regarding projected annual percentage rates of change in production and total use at the global level and for all developing countries taken as a whole, as well as for some of the developing country regional groupings.

Macro economic factors

The FAO and IFPRI projections for net trade at the level of aggregation of "total developed" and "total developing" countries are very close and substantially lower than those of the World Bank, which foresees a far more rapid growth in world grain trade largely as a result of expanded wheat imports into the Asian countries to meet changing consumer preferences away from rice.

The conclusion that global food supplies can increase fast enough to meet expected demand at constant or even declining real food prices leaves no room for complacency on the supply side.

Continuing increases in agricultural output, be they through area expansion absolutely, through multiple cropping or through reduced fallow periods or productivity increases, require sustained efforts to improve agricultural technologies and their rate of adaptation and to avoid or reverse environmental degradation so that the output increases are not only sustained but sustainable.

In other words, sufficient resources must be committed to investment in agriculture on a continuous basis if the projected potential output increases at global, regional and country levels are to be realized.

If there is no room for complacency on the supply side, there is even less on the demand side.


The projections are not based on meeting basic nutritional needs, but on expected effective demand, i. While it is reassuring to be told that the world can in principle produce enough food to meet likely demand, the probable inability of so many people to exert sufficient effective demand to feed themselves at even minimally adequate levels is deeply disturbing.

Experiences in the countries that have made and are continuing to make good progress, even in the face of a difficult international economic environment, show that governments are the key players in implementing domestic and trade policies which can lead to the achievement of national food security and that economic policies are of particular significance.

Sub-Saharan Africa has been identified as a region where food insecurity is likely to worsen. What this actually means is that a high proportion of countries in that region are expected to have a worsening food security position.Factors influencing the profitability of domestic and foreign commercial banks in the European Union.

Oct 12,  · Technological macro environment factors can influence how an organization does business. A new type of machinery, computer chip, or product created through research and development can help a company stay modernized and ahead of the market curve.

Definition of macroeconomics: The study of the behavior an economy at the aggregate level, as opposed to the level of a specific subgroups or. Macroeconomic Conditions and Opioid Abuse Alex Hollingsworth, Christopher J. Ruhm, Kosali Simon. NBER Working Paper No.

Issued in February , Revised in March NBER Program(s):Health Care, Health Economics, Labor Studies, Public Economics We examine how deaths and emergency department (ED) visits related to use of opioid analgesics (opioids) and other drugs vary with macroeconomic.

While macroeconomics is a broad field of study, there are two areas of research that are emblematic of the discipline: the attempt to understand the causes and consequences of short-run fluctuations in national income (the business cycle), and the attempt to understand the determinants of long-run economic growth (increases in national income).

Obviously access to debt for middle class and lower class households is a huge factor in this and more of a reflection of national and international macroeconomic policies than actual credit capacity of .

Macroeconomic outlook for and gold |