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Global distortions to agricultural markets : new indicators of trade and welfare impacts, 1955 to 2007

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Author Info
Lloyd, Peter J.
Croser, Johanna L.
Anderson, Kym

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Abstract

Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies'economic effects. Recent theoretical literature provides indicators of trade and welfare-reducing effects of price and trade policies which this paper builds on to develop more-satisfactory indexes. The authors exploit a new Agricultural Distortion database to generate estimates of them for developing and high-income countries over the past half century. These better approximations of the trade and welfare effects of sector policies are generated without a formal model of global markets or even price elasticity estimates.

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Paper provided by The World Bank in its series Policy Research Working Paper Series with number 4865.

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Date of creation: 01 Mar 2009
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Handle: RePEc:wbk:wbrwps:4865

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Related research
Keywords: Currencies and Exchange Rates; Economic Theory&Research; Agribusiness; Markets and Market Access; Trade Policy;

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  1. Anderson, James E. & Bannister, Geoffrey, 1992. "The trade restrictiveness index : an application to Mexican agriculture," Policy Research Working Paper Series 874, The World Bank. [Downloadable!]
  2. Feenstra, R.C., 1995. "Estimating the Effects of Trade Policy," Papers 95-10, California Davis - Institute of Governmental Affairs.
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  3. Anderson, Kym & Kurzweil, Marianne & Martin, Will & Sandri, Damiano & Valenzuela, Ernesto, 2008. "Measuring distortions to agricultural incentives, revisited," World Trade Review, Cambridge University Press, vol. 7(04), pages 675-704, October. [Downloadable!]
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  4. MacLaren, Donald & Lloyd, Peter, 2008. "Measuring assistance to the agricultural industry in Australia using a Production Assistance Index," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6033, Australian Agricultural and Resource Economics Society. [Downloadable!]
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This page was last updated on 2009-11-26.


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