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Tariff Compensation: Sufficient Justification For Assistance To Australian Agriculture?

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  • Harris, Stuart

Abstract

This paper discusses in greater detail the case for tariff compensation set out in the Green Paper on Rural Policy. It considers a number of theoretical and practical arguments levelled against the principle, including those put forward in the Annual Report for 1973-74 of the Industries Assistance Commission. It concludes that despite the various counter arguments, the second best argument for tariff compensation applicable to low cost manufacturing as well as rural industries, remains valid in principle; in practice the extent to which any such partial compensation would be warranted needs to be assessed in the light of the appropriate substitution and complementarity relationships.

Suggested Citation

  • Harris, Stuart, 1975. "Tariff Compensation: Sufficient Justification For Assistance To Australian Agriculture?," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(3), pages 1-15, December.
  • Handle: RePEc:ags:ajaeau:22336
    DOI: 10.22004/ag.econ.22336
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    File URL: http://ageconsearch.umn.edu/record/22336/files/19030131.pdf
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    References listed on IDEAS

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    1. Bertrand, Trent J & Vanek, Jaroslav, 1971. "The Theory of Tariffs, Taxes, and Subsidies: Some Aspects of the Second Best," American Economic Review, American Economic Association, vol. 61(5), pages 925-931, December.
    2. Turvey, Ralph, 1971. "Rates of Return, Pricing and the Public Interest," Economic Journal, Royal Economic Society, vol. 81(323), pages 489-501, September.
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    Cited by:

    1. Peter G. Warr, 1978. "The Case Against Tariff Compensation," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 85-98, 08-12.
    2. Harris, Stuart, 1979. "The Case Against Tariff Compensation: A Comment," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 23(2), pages 1-5, August.
    3. D. MacLaren, 1991. "Agricultural Trade Policy Analysis And International Trade Theory: A Review Of Recent Developments," Journal of Agricultural Economics, Wiley Blackwell, vol. 42(3), pages 250-297, September.
    4. Peter Lloyd & Peter Lloyd, 2013. "Relative Assistance to Agriculture and Manufacturing since Federation," Department of Economics - Working Papers Series 1173, The University of Melbourne.
    5. Martin, William J., 1990. "Public Choice Theory And Australian Agricultural Policy Reform," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 34(3), pages 203-203, December.
    6. Quiggin, John C., 1983. "Underwriting Agricultural Commodity Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 27(3), pages 1-12, December.
    7. Jarrett, Frank G. & McColl, James C., 1984. "Comments On The Balderstone Report: Reply," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 28(1), pages 1-10, April.

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    Keywords

    Agricultural and Food Policy;

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