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Goals and Consequences of Rice Policy in Japan, 1965–80

Author

Listed:
  • Keijiro Otsuka
  • Yujiro Hayami

Abstract

The change in welfare of producers and consumers, government cost, and the deadweight loss arising from the various forms of government interventions into the rice market in order to protect domestic producers in Japan are estimated in a partial equilibrium framework. Results of the quantitative analysis indicate that the motivation of the government was to minimize budget costs in achieving the target level of producer price support, while consumer welfare had an insignificant weight in the government's objective function. It is aiso found that acreage control is a "second best" policy to reduce social inefficiency produced from other forms of market distortions.

Suggested Citation

  • Keijiro Otsuka & Yujiro Hayami, 1985. "Goals and Consequences of Rice Policy in Japan, 1965–80," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 529-538.
    • Handle: RePEc:oup:ajagec:v:67:y:1985:i:3:p:529-538.
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    File URL: http://hdl.handle.net/10.2307/1241072
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    Cited by:

    1. Eva Fernandez, 2011. "The cost of protection to grain farmers during the interwar years," Working Papers 11036, Economic History Society.
    2. Jiarong Qian & Shoichi Ito & Zhijun Zhao, 2020. "The effect of price support policies on food security and farmers’ income in China," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(4), pages 1328-1349, October.
    3. David S. Bullock & Klaus Salhofer & Jukka Kola, 1999. "The Normative Analysis of Agricultural Policy: A General Framework and Review," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(3), pages 512-535, September.
    4. Katranidis, Stelios D. & Velentzas, Kostas, 2000. "The Markets of Cotton Seed and Maize in Greece: Welfare Implications of the Common Agricultural Policy," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 1(2), pages 1-16, August.

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