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National and global price- and trade-distorting policies

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  • Kym Anderson

Abstract

This paper surveys significant contributions made by Australian and New Zealand agricultural and trade economists to our understanding of the extent to which price- and trade-distorting policies affect domestic and international prices and markets for agricultural products and economic welfare. It begins with the theory of policy impacts on producer and consumer prices and value added by farmers. It then surveys efforts to measure the extent of distortions due to such policies, first in Australia and New Zealand and then in other regions of the world. ANZ economists' efforts to use models to estimate the market and welfare effects of policies nationally and globally are then assessed, before attention turns to their ex ante estimates of the effects of trade agreements. The paper's online supporting material includes a brief survey of attempts to understand the political economy forces behind those various policies and their recent reforms.

Suggested Citation

  • Kym Anderson, 2016. "National and global price- and trade-distorting policies," Departmental Working Papers 2016-07, The Australian National University, Arndt-Corden Department of Economics.
    • Handle: RePEc:pas:papers:2016-07
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    File URL: https://acde.crawford.anu.edu.au/sites/default/files/publication/acde_crawford_anu_edu_au/2016-05/2016-07_anderson_national_global.pdf
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    References listed on IDEAS

    as
    1. Anderson, Kym, 1995. "Lobbying Incentives and the Pattern of Protection in Rich and Poor Countries," Economic Development and Cultural Change, University of Chicago Press, vol. 43(2), pages 401-423, January.
    2. Anderson, Kym & Strutt, Anna, 2014. "Food security policy options for China: Lessons from other countries," Food Policy, Elsevier, vol. 49(P1), pages 50-58.
    3. Kym Anderson & Gordon Rausser & Johan Swinnen, 2013. "Political Economy of Public Policies: Insights from Distortions to Agricultural and Food Markets," Journal of Economic Literature, American Economic Association, vol. 51(2), pages 423-477, June.
    4. Anderson, Kym, 1978. "On Why Rates Of Assistance Differ Between Australia'S Rural Industries," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 1-16, August.
    5. Anderson,Kym (ed.), 2010. "The Political Economy of Agricultural Price Distortions," Cambridge Books, Cambridge University Press, number 9780521763233.
    6. Kym Anderson, 1983. "The Peculiar Rationality of Beef Import Quotas in Japan," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 108-112.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. M.B. Dastagiri & L. Bhavigna, 2019. "The Theory of Agricultural Price Bubble & Price Crash in Global Economy," Applied Economics and Finance, Redfame publishing, vol. 6(5), pages 168-176, September.
    2. Timsina, Krishna P. & Culas, Richard J., 2020. "Impacts of Australia’s free trade agreements on trade in agricultural products: an aggregative and disaggregative analysis," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3), July.
    3. Roger G. Mauldon, 2021. "Early Analytical Agricultural Economics in Australia," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 61(1), pages 45-63, March.

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