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Factor Market Incidence Of Agricultural Trade Liberalization: Some Additional Results

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  • Hertel, Thomas W.

Abstract

Liberalization of trade implies changes in producer prices, which has consequences for farm income, agricultural employment and asset values. The relative incidence of the effect of changes in prices on fixed factors depends on the rclative magnitude of the Morishima elasticities of substitution in agricultural production.

Suggested Citation

  • Hertel, Thomas W., 1991. "Factor Market Incidence Of Agricultural Trade Liberalization: Some Additional Results," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(01), pages 1-17, April.
    • Handle: RePEc:ags:ajaeau:22929
    DOI: 10.22004/ag.econ.22929
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    References listed on IDEAS

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    1. Blackorby, Charles & Russell, R Robert, 1989. "Will the Real Elasticity of Substitution Please Stand Up? (A Comparison of the Allen/Uzawa and Morishima Elasticities)," American Economic Review, American Economic Association, vol. 79(4), pages 882-888, September.
    2. Thomas W. Hertel, 1989. "Negotiating Reductions in Agricultural Support: Implications of Technology and Factor Mobility," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(3), pages 559-573.
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    Cited by:

    1. Laure Latruffe & Chantal Le Mouël, 2009. "Capitalization Of Government Support In Agricultural Land Prices: What Do We Know?," Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 659-691, September.
    2. Pavel Ciaian & Edoardo Baldoni & d'Artis Kancs & Dušan Drabik, 2021. "The Capitalization of Agricultural Subsidies into Land Prices," Annual Review of Resource Economics, Annual Reviews, vol. 13(1), pages 17-38, October.
    3. Yu, Jisang & Villoria, Nelson B. & Hendricks, Nathan P., 2022. "The incidence of foreign market tariffs on farmland rental rates," Food Policy, Elsevier, vol. 112(C).
    4. Piggott, Roley R., 1992. "Some Old Truths Revisited," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 36(2), pages 1-24, August.

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