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FOOD SECURITY IN PRACTICE Social Accounting Matrices and Multiplier Analysis

The second argument is related to proprietary information and specific human capital. By concentrating ownership, decision rights can be given to individuals who possess specific knowledge (Jensen and Meckling, 1992; Christie, Joye, and Watts, 1993). One benefit of co-locating decision rights with specific knowledge is that the leakage of the specific knowledge to competitors is prevented and the transferring cost of the specific knowledge is avoided. This benefit is great in East Asia where political lobbying activities are common and lucrative. As concentrating ownership limits information flows to the public, political rent-seekers are able to avoid potential competition | IFPRT INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE sustainable solutions for ending hunger and poverty Supported by the CGIAR FOOD SECURITY IN PRACTICE Social Accounting Matrices and Multiplier Analysis An Introduction with Exercises FOOD SECURITY IN PRACTICE Social Accounting Matrices and Multiplier Analysis An Introduction with Exercises Clemens Breisinger Marcelle Thomas and James Thurlow AboutIFPRI The International Food Policy Research Institute IFPRI was established in 1975 to identify and analyze alternative national and international strategies and policies for meeting food needs of the developing world on a sustainable basis with particular emphasis on low-income countries and on the poorer groups in those countries. While the research effort is geared to the precise objective of contributing to the reduction of hunger and malnutrition the factors involved are many and wide-ranging requiring analysis of underlying processes and extending beyond a narrowly defined food sector. The Institute s research program reflects worldwide collaboration with governments and private and public institutions interested in increasing food production and improving the equity of its distribution. Research results are disseminated to policymakers opinion formers administrators policy analysts researchers and others concerned with national and international food and agricultural policy. About IFPRI Food Security in Practice series The Food Security in Practice technical guide series is designed for development practitioners. The guides are based on IFPRI research and enable project personnel in the field to take research from analysis to action. Each volume addresses informational and methodological issues that practitioners confront during the life of a project and presents the lessons learned from research on specific development issues. Relevant research and operational concepts are explained in easy-to-understand ways. Additional information pertaining to research analyses