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Economic Implications Of Agricultural Policy Reforms In Industrial Market Economies

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  • Roningen, Vernon O.
  • Dixit, Praveen M.

Abstract

The authors used an 11-region, 22-commodity world net trade model to study the economic implications of agricultural policy reform in industrial market economies. Their analysis shows that elimination of protectionist agricultural policies would drive up world prices for most commodities and that the increases would be closely related to the levels of government assistance. The results also indicate that the United States would improve its agricultural balance of trade, while the European Community and Japan would face considerably larger trade deficits. All three economies, however, would experience income gains from multilateral liberalization, though, on a per capita basis, these gains would be small.

Suggested Citation

  • Roningen, Vernon O. & Dixit, Praveen M., 1989. "Economic Implications Of Agricultural Policy Reforms In Industrial Market Economies," Staff Reports 278843, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278843
    DOI: 10.22004/ag.econ.278843
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    References listed on IDEAS

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    1. Haley, Stephen L., 1988. "Joint Products In The Swopsim Modeling Framework," Staff Reports 278136, United States Department of Agriculture, Economic Research Service.
    2. Gardiner, Walter H. & Roningen, Vernon O. & Liu, Karen, 1989. "Elasticities In The Trade Liberalization Database," Staff Reports 278197, United States Department of Agriculture, Economic Research Service.
    3. Roningen, Vernon Oley, 1986. "A Static World Policy Simulation (Swopsim) Modeling Framework," Staff Reports 277898, United States Department of Agriculture, Economic Research Service.
    4. Malcolm D. Bale & Ernst Lutz, 1981. "Price Distortions in Agriculture and Their Effects: An International Comparison," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 8-22.
    5. Haley, Stephen L., 1989. "Using Producer And Consumer Subsidy Equivalents In The Swopsim Modeling Framework," Staff Reports 278177, United States Department of Agriculture, Economic Research Service.
    6. Dixit, Praveen M. & Roningen, Vernon Oley, 1986. "Modeling Bilateral Trade Flows With The Static World Policy Simulation (Swopsim) Modeling Framework," Staff Reports 277920, United States Department of Agriculture, Economic Research Service.
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