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Interventions And Production Sector Waste In Ldc Agriculture

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  • Fulginiti, Lilyan E.
  • Perrin, Richard K.

Abstract

Recent studies have revealed that less developed countries (LDCs) have been taxing their agricultural sectors at rates of 40-50%. This study uses quantity-based general equilibrium measures of deadweight loss to evaluate the cost of these distortions in 18 of these countries. The Allais-Debreu loss measures indicate that from 7-16% of either output or of the agricultural resource base has been wasted due to the associated misallocation of agricultural inputs across these countries.

Suggested Citation

  • Fulginiti, Lilyan E. & Perrin, Richard K., 1994. "Interventions And Production Sector Waste In Ldc Agriculture," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(2), pages 1-10, December.
    • Handle: RePEc:ags:jlaare:30755
    DOI: 10.22004/ag.econ.30755
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    References listed on IDEAS

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    1. Fulginiti, Lilyan E & Perrin, Richard K, 1993. "Prices and Productivity in Agriculture," The Review of Economics and Statistics, MIT Press, vol. 75(3), pages 471-482, August.
    2. Jori Elisiana & Lilyan E. Fulginiti & Richard K. Perrin, 1993. "Aggregate Agricultural Inputs and Outputs in Developing Countries: A Data Set," Midwest Agribusiness Trade Research and Information Center (MATRIC) Publications (archive only) 93-tr28, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    3. Willis L. Peterson, 1979. "International Farm Prices and the Social Cost of Cheap Food Policies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(1), pages 12-21.
    4. J. R. Hicks, 1942. "Consumers' Surplus and Index-Numbers," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 9(2), pages 126-137.
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    Production Economics;

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