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Factor Market Incidence Of Agricultural Trade Liberalization: Some Additional Results

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  • Thomas W. Hertel

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.
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Suggested Citation

  • Thomas W. Hertel, 1991. "Factor Market Incidence Of Agricultural Trade Liberalization: Some Additional Results," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 35(1), pages 91-107, April.
    • Handle: RePEc:bla:ajarec:v:35:y:1991:i:1:p:91-107
    DOI: j.1467-8489.1991.tb00707.x
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    Cited by:

    1. 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.
    2. 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).
    3. 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.
    4. Hertel, Thomas, 1991. "The Fate of Agriculture Under Trade Liberalization: Challenging Conventional Conclusions," Impact Project Archive 295067, Impact Research Centre, University of Melbourne.
    5. 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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