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The Deregulation Of New Zealand Agriculture: Market Intervention (1964-84) And Free Market Readjustment (1984-90)

Author

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  • Johnston, Warren E.
  • Frengley, Gerald A.G.

Abstract

The impacts of deregulation on New Zealand's agricultural sector are examined. Economic liberalization of all sectors of economic activity is the hallmark of current economic policy designs in New Zealand. This is in sharp contrast to previous policies reliant on massive government assistance to and intervention in agriculture. The study provides insights into the cumulative and distortionary extent of previous assistance policies, discusses the rationale in removing public financial assistance, and reviews the readjustment process. As a case study, New Zealand's experience reveals difficulties which may confront farmers in other economies where policy makers seek a return to free market conditions.

Suggested Citation

  • Johnston, Warren E. & Frengley, Gerald A.G., 1991. "The Deregulation Of New Zealand Agriculture: Market Intervention (1964-84) And Free Market Readjustment (1984-90)," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(01), July.
  • Handle: RePEc:ags:wjagec:32633
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    File URL: http://purl.umn.edu/32633
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    Cited by:

    1. G. A. G. Frengley & W. E. Johnston, 1992. "Financial Stress And Consumption Expectations Among Farm Households: New Zealand'S Experience With Economic Liberalisation," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(1), pages 14-27.

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    Keywords

    Agricultural and Food Policy;

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