Agricultural Policies of Industrial Countries and Their Effects on Traditional Food Exporters
A multi-commodity model of world food markets is used to quantify the adverse impact of agricultural p olicies in Western Europe and East Asia on farmer welfare in Australa sia and North America. Net farm incomes for these traditional exporte rs would be one-third greater in the absence of protectionism in othe r industrial countries. Econometric analysis suggests that agricultur al protectionism is likely to continue to grow as per capita incomes and agricultural comparative disadvantage increase in industrial coun tries. Copyright 1986 by The Economic Society of Australia.
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Volume (Year): 62 (1986)
Issue (Month): 179 (December)
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