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Calculating Measures Of Protection: Is It Always Appropriate To Use World Reference Prices?

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  • Byerlee, Derek
  • Morris, Michael L.

Abstract

Protection measures are conventionally calculated using world reference prices. Under certain conditions, world reference prices do not represent a good , · approximation of the prices that can be expected to prevail in the absence of market distortions. Data from Pakistan illustrate how failure to consider these conditions can result in mis-leading policy recommendations .

Suggested Citation

  • Byerlee, Derek & Morris, Michael L., 1990. "Calculating Measures Of Protection: Is It Always Appropriate To Use World Reference Prices?," 1990 Annual meeting, August 5-8, Vancouver, Canada 271009, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea90:271009
    DOI: 10.22004/ag.econ.271009
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    References listed on IDEAS

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    1. Harwood, Joy L. & Bailey, Kenneth W., 1990. "The World Wheat Market--Government Intervention and Multilateral Policy Reform," Staff Reports 278264, United States Department of Agriculture, Economic Research Service.
    2. Derek Byerlee & Gustavo Sain, 1986. "Food Pricing Policy in Developing Countries: Bias against Agriculture or for Urban Consumers?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(4), pages 961-969.
    3. Byerlee, Derek, 1987. "The Political Economy of Third World Food Imports: The Case of Wheat," Economic Development and Cultural Change, University of Chicago Press, vol. 35(2), pages 307-328, January.
    4. Gulati, Ashok, 1987. "Effective Protection and Subsidies in Indian Agriculture - Case of Wheat and Rice," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 42(4), October.
    5. Krueger, Anne O & Schiff, Maurice & Valdes, Alberto, 1988. "Agricultural Incentives in Developing Countries: Measuring the Effect of Sectoral and Economywide Policies," The World Bank Economic Review, World Bank, vol. 2(3), pages 255-271, September.
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    Cited by:

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    2. Wiebelt, Manfred & Herrmann, Roland & Schenck, Patricia & Thiele, Rainer, 1992. "Discrimination against agriculture in developing countries?," Open Access Publications from Kiel Institute for the World Economy 458, Kiel Institute for the World Economy (IfW Kiel).

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