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The welfare impact of policy interventions in the foodgrain markets in Bangladesh

Author

Listed:
  • Mohammad Alam
  • Jeroen Buysse
  • Ismat Begum
  • Eric Wailes
  • Guido Van Huylenbroeck

Abstract

The paper attempts to estimate the welfare impact of different policy interventions in the foodgrain markets in Bangladesh using an economic surplus approach. Over the period of analysis, 1980–2003, the loss in consumer surplus exceeded the gain in producer surplus plus the gain in government revenue. Therefore, the interventions resulted in a deadweight welfare loss for society. In contrast, in the policy of liberalization, the gain in consumer surplus and in government revenue is larger than the loss in producer surplus, producing a net welfare gain to society.

Suggested Citation

  • Mohammad Alam & Jeroen Buysse & Ismat Begum & Eric Wailes & Guido Van Huylenbroeck, 2011. "The welfare impact of policy interventions in the foodgrain markets in Bangladesh," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 14(3), pages 215-225.
    • Handle: RePEc:taf:jecprf:v:14:y:2011:i:3:p:215-225
    DOI: 10.1080/17487870.2011.570092
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    Cited by:

    1. Dayal Talukder & Love Chile, 2018. "Technological Innovation And Total Factor Productivity Growth Of Rice Production In Bangladesh In The Post-Liberalisation Era," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 6(2), pages 50-70, December.
    2. Dayal Talukder, 2014. "Agricultural Trade Liberalization and Poverty in Rural Bangladesh," Poverty & Public Policy, John Wiley & Sons, vol. 6(3), pages 282-307, September.
    3. Talukder, Dayal & Chile, Love, 2014. "Characteristics of Rice Cultivation and Rural Rice Market in Bangladesh: Evidence from a Survey," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 15(2), pages 1-17.

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