Trade policy, biotechnology and grain self-sufficiency in China
AbstractOver the past 20 years the growth of China's agricultural economy has been extraordinary. However, it seems unlikely that China will maintain self-sufficiency in grains by 2005 without substantial intervention. We develop a CGE model to assess the options available to Chinese policy makers. We compare the welfare effects of import tariffs and domestic support, and explore the potential of biotechnology as a means to achieve self-sufficiency through improvements in agricultural productivity. Our results indicate that the price interventions that would be required to maintain China's desired self-sufficiency ratios are considerable, and are unlikely to be compatible with WTO accession. The productivity improvements required are also significant, and likely beyond the current potential of biotechnology. Â© 2002 Elsevier Science B.V. All rights reserved.
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Bibliographic InfoArticle provided by Blackwell in its journal Agricultural Economics.
Volume (Year): 28 (2003)
Issue (Month): 3 (May)
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Other versions of this item:
- Felloni, Fabrizio & Gilbert, John & Wahl, Thomas I. & Wandschneider, Philip, 2003. "Trade policy, biotechnology and grain self-sufficiency in China," Agricultural Economics: The Journal of the International Association of Agricultural Economists, International Association of Agricultural Economists, vol. 28(3), May.
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
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