Multifunctional Agriculture and Domestic/International Policy Choice
The concept of multifunctionality, in which agriculture is viewed as a source of both commodity and non-commodity outputs, has stimulated debate on the desirability of further trade liberalization. We explore the economics of multifunctionality and its policy implications. We argue for a new policy approach in which land and natural resource managers are remunerated for positive non-commodity outputs and penalized for negative outputs. This would require devolution in policy implementation from the centre to the local level. Such an approach would permit countries to achieve broader social objectives, while at the same time continuing to pursue trade liberalization.
Volume (Year): 03 (2002)
Issue (Month): 1 ()
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- Wu, JunJie & Babcock, Bruce A., 1995.
"Optimal Design of a Voluntary Green Payment Program Under Asymmetric Information,"
Staff General Research Papers
843, Iowa State University, Department of Economics.
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- John E. Floyd, 1965. "The Effects of Farm Price Supports on the Returns to Land and Labor in Agriculture," Journal of Political Economy, University of Chicago Press, vol. 73, pages 148.
- Antle, John M. & Wagenet, Robert J., 1995. "Why Scientists Should Talk to Economists - and Vice Versa," Choices, Agricultural and Applied Economics Association, vol. 10(4).
- Spulber, Daniel F., 1985. "Effluent regulation and long-run optimality," Journal of Environmental Economics and Management, Elsevier, vol. 12(2), pages 103-116, June.
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