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Agricultural Price Policy in General Equilibrium Models: Results and Comparisons

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  • Alain de Janvry
  • Elisabeth Sadoulet

Abstract

A number of alternative policies toward agricultural prices, food subsidies, and intersectoral allocation of investment are analyzed with computable general equilibrium models for six countries. The models generally allow us to trace the intersectoral and intertemporal growth effects of these policies as well as their income distribution effects across social groups. The results obtained are shown to be eventually quite different from those derived from partial equilibrium and multimarket approaches. Sensitivity analysis to alternative specifications of the mechanism of wage determination shows that the real income effects of price policies are critically dependent upon the particular theory of wage determination used.

Suggested Citation

  • Alain de Janvry & Elisabeth Sadoulet, 1987. "Agricultural Price Policy in General Equilibrium Models: Results and Comparisons," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(2), pages 230-246.
    • Handle: RePEc:oup:ajagec:v:69:y:1987:i:2:p:230-246.
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    File URL: http://hdl.handle.net/10.2307/1242273
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    Cited by:

    1. Obi-Egbedi, Ogheneruemu & Okoruwa, Victor O. & Yusuf, Sulaiman A. & Adenegan, Kemisola O. & Alarudeen, Aminu, 2013. "Rice Trade Protectionism Versus Liberalization in Nigeria: A CGE Analysis of Economic and Welfare Effects," 2013 Fourth International Conference, September 22-25, 2013, Hammamet, Tunisia 161528, African Association of Agricultural Economists (AAAE).
    2. Carl GAIGNÉ & Cathie LAROCHE DUPRAZ & Alan MATTHEWS, 2015. "Thirty years of European research on international trade in food and agricultural products," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 96(1), pages 91-130.
    3. Timmer, C. Peter, 1998. "Adding value through policy-oriented research: reflections of a scholar-practitioner," Impact assessments 4, International Food Policy Research Institute (IFPRI).
    4. Boyce, James K & Ravallion, Martin, 1991. "A Dynamic Econometric Model of Agricultural Wage Determination in Bangladesh," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 53(4), pages 361-376, November.
    5. Robinson, Sherman, 1990. "Analyzing Agricultural Trade Liberalization with Single-Country Computable General Equilibrium Models," CUDARE Working Papers 198502, University of California, Berkeley, Department of Agricultural and Resource Economics.
    6. Jiménez Giraldo, Dora Elena & Saldarriaga-Isaza, Adrián & Cicowiez, Martin, 2019. "Distributional and economy-wide effects of post-conflict policy in Colombia," Conference papers 333124, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    7. Purcell, Tim & Karunaratne, Neil & Tisdell, Clem, 1997. "Macroeconomic Effects of Disease Control in the Thailand Livestock Sector - A CGE Analyis," Animal Health Economics 164581, University of Queensland, School of Economics.
    8. Herrmann, Roland & Schenck, Patricia & Wiebelt, Manfred, 1990. "On the measurement of agricultural protection: how price uncertainty and limited substitution matter," Kiel Working Papers 414, Kiel Institute for the World Economy (IfW Kiel).
    9. Hazledine, Tim, 1989. "Industrial Organisation Foundations Of Trade Policy Modelling," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 1-19, April.
    10. Sherony, Keith R. & Knowles, Glenn J. & Boyd, Roy, 1991. "The Economic Impact Of Crop Losses: A Computable General Equilibrium Approach," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(1), pages 1-12, July.
    11. De Maio, Lorenzo & Stewart, Frances & van der Hoeven, Rolph, 1999. "Computable General Equilibrium Models, Adjustment and the Poor in Africa," World Development, Elsevier, vol. 27(3), pages 453-470, March.
    12. Blandford, David, 1989. "An Overview of Approaches to Modeling Agricultural Policies and Policy Reform," Staff Papers 197592, Cornell University, Department of Applied Economics and Management.
    13. Trewin, Ray & Rosegrant, Mark & Erwidodo, 1995. "Analysis of Growth and Stabilisation Policies for the Indonesian Livestock Sector - A Linked Modelling Approach," 1995 Conference (39th), February 14-16, 1995, Perth, Australia 171139, Australian Agricultural and Resource Economics Society.
    14. Devarajan, Shantayanan & Lewis, Jeffrey & Robinson, Sherman, 1990. "Policy Lessons from Two-Sector Models," CUDARE Working Papers 198566, University of California, Berkeley, Department of Agricultural and Resource Economics.
    15. Nugraheni, Reninta Dewi & Widodo, Tri, 2018. "The Impact of ASEAN’S FTAs with China, Japan, Korea and Australia-New Zealand: An Analysis in GTAP Framework," MPRA Paper 86693, University Library of Munich, Germany.

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