IDEAS home Printed from https://ideas.repec.org/p/ags/umaesp/13845.html

Searching Under The Light: The Neglect Of General Equilibrium, Dynamics And Risk In The Analysis Of Food Trade Reforms

Author

Listed:
  • Tyers, Rodney

Abstract

The substantial investment in models of international food markets immediately prior to and during the Uruguay Round of international trade negotiations has been a mixed blessing so far as the prospects for reform are concerned. At worst, results from these models have mislead the negotiations, first because they have served the losers from reform better than the gainers and second, because they have tended not to address a primary concern lending domestic political support to food market interventions, namely the avoidance of risks borne of dependence on international markets. The paper reviews some errors which have stemmed from the application of 'standard' but inappropriate models and examines the implications of extending the standard methodology to include dynamic behavior and market insulating policies.

Suggested Citation

  • Tyers, Rodney, 1990. "Searching Under The Light: The Neglect Of General Equilibrium, Dynamics And Risk In The Analysis Of Food Trade Reforms," Staff Papers 13845, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13845
    DOI: 10.22004/ag.econ.13845
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/13845/files/p90-66.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.13845?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Frederick V. Waugh, 1944. "Does the Consumer Benefit from Price Instability?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 58(4), pages 602-614.
    2. Tyers,Rod & Anderson,Kym, 2011. "Disarray in World Food Markets," Cambridge Books, Cambridge University Press, number 9780521172318.
    3. Valdés, Alberto & Zietz, Joachim A., 1980. "Agricultural protection in OECD countries: its cost to less-developed countries," Research reports 21, International Food Policy Research Institute (IFPRI).
    4. Roningen, Vernon O. & Dixit, Praveen M., 1989. "Economic Implications Of Agricultural Policy Reforms In Industrial Market Economies," Staff Reports 278843, United States Department of Agriculture, Economic Research Service.
    5. Sampson, Gary P & Snape, Richard H, 1980. "Effects of the EEC's Variable Import Levies," Journal of Political Economy, University of Chicago Press, vol. 88(5), pages 1026-1040, October.
    6. Peter Gibbard & Rod Tyers, 1990. "The Distributional Incidence of Commodity Price Stabilization in an Open Economy," Adelaide Economics Working Papers 1990-02, Adelaide University, School of Economics.
    7. Brown, Drusilla K., 1987. "Tariffs, the terms of trade, and national product differentiation," Journal of Policy Modeling, Elsevier, vol. 9(3), pages 503-526.
    8. Jean Mercenier & Jean Waelbroeck, 1985. "The Impact of Protection on Developing Countries: a General Equilibrium Analysis," International Economic Association Series, in: Karl Jungenfelt & Douglas Hague (ed.), Structural Adjustment in Developed Open Economies, chapter 8, pages 219-245, Palgrave Macmillan.
    9. Valdés, Alberto & Zietz, Joachim A., 1988. "Agriculture in the GATT: an analysis of alternative approaches to reform," Research reports 70, International Food Policy Research Institute (IFPRI).
    10. repec:wbk:wbpubs:5969 is not listed on IDEAS
    11. Turnovsky, Stephen J & Shalit, Haim & Schmitz, Andrew, 1980. "Consumer's Surplus, Price Instability, and Consumer Welfare," Econometrica, Econometric Society, vol. 48(1), pages 135-152, January.
    12. Tyers, Rod, 1989. "Developing country interests in agricultural trade reform," Agricultural Economics, Blackwell, vol. 3(3), pages 169-186, October.
    13. Hertel, Thomas W., 1990. "General Equilibrium Analysis of U.S. Agriculture: What Does It Contribute?," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 42(3), pages 1-7.
    14. Horridge, Mark & Pearce, David, 1988. "Modelling the Effects on Australia of Interventions in World Agricultural Trade," Impact Project Archive 316150, Impact Research Centre, University of Melbourne.
    15. Rod Tyers, 1990. "Trade Reform and Price Risk in Domestic and International Food Markets," The World Economy, Wiley Blackwell, vol. 13(2), pages 212-229, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Karl D. Meilke & Don McClatchy & Harry de Gorter, 1996. "Challenges in quantitative economic analysis in support of multilateral trade negotiations," Agricultural Economics, International Association of Agricultural Economists, vol. 14(3), pages 185-200, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rodney Tyers, 1991. "On The Neglect Of Dynamics, Risk And Market Insulation In The Analysis Of Uruguay Round Food Trade Reforms," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 35(3), pages 295-313, December.
    2. Tyers, Rod, 1992. "Searching under the Light: The Neglect of Dynamics and Risk in the Analysis of Food Trade Reforms," 1992 Occasional Paper Series No. 6 197873, International Association of Agricultural Economists.
    3. Christophe Gouel, 2012. "Agricultural Price Instability: A Survey Of Competing Explanations And Remedies," Journal of Economic Surveys, Wiley Blackwell, vol. 26(1), pages 129-156, February.
    4. Karl D. Meilke & Don McClatchy & Harry de Gorter, 1996. "Challenges in quantitative economic analysis in support of multilateral trade negotiations," Agricultural Economics, International Association of Agricultural Economists, vol. 14(3), pages 185-200, August.
    5. K. Anderson & R. Tyers, 1993. "More On Welfare Gains To Developing Countries From Liberalizing World Food Trade," Journal of Agricultural Economics, Wiley Blackwell, vol. 44(2), pages 189-204, May.
    6. Hertel, Thomas W., 1991. "Applied General Equilibrium Analysis of Agricultural Policies," Staff Papers 200396, Purdue University, Department of Agricultural Economics.
    7. Van Kooten, G. C. & Spriggs, John & Schmitz, Andrew, 1989. "The Impact of Canadian Commodity Stabilization Programs on Risk Reduction and the Supply of Agricultural Commodities," Working Papers 244037, Agriculture and Agri-Food Canada.
    8. Christophe Gouel, 2014. "Food Price Volatility and Domestic Stabilization Policies in Developing Countries," NBER Chapters, in: The Economics of Food Price Volatility, pages 261-306, National Bureau of Economic Research, Inc.
    9. Turnovsky, Stephen J., 1993. "The impact of terms of trade shocks on a small open economy: A stochastic analysis," Journal of International Money and Finance, Elsevier, vol. 12(3), pages 278-297, June.
    10. Charles Blackorby & David Donaldson & John A. Weymark, 2008. "Hicksian Surplus Measures of Individual Welfare Change When There is Price and Income Uncertainty," Studies in Choice and Welfare, in: Prasanta K. Pattanaik & Koichi Tadenuma & Yongsheng Xu & Naoki Yoshihara (ed.), Rational Choice and Social Welfare, pages 195-213, Springer.
    11. Ambec, Stefan & Crampes, Claude, 2021. "Real-time electricity pricing to balance green energy intermittency," Energy Economics, Elsevier, vol. 94(C).
    12. Alexandre Gohin & Hervé Guyomard & Chantal Le Mouël, 1999. "L'analyse des politiques agricoles : l'apport de l'équilibre général calculable," Économie rurale, Programme National Persée, vol. 251(1), pages 4-10.
    13. Harwood, Joy L. & Bailey, Kenneth W., 1990. "The World Wheat Market--Government Intervention and Multilateral Policy Reform," Staff Reports 278264, United States Department of Agriculture, Economic Research Service.
    14. Rausser, Gordon C. & Rose, Marjorie B. & Irwin, Douglas A., 1990. "World commodity prices: the role of external debt and industrial country policies," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt3gz928h9, Department of Agricultural & Resource Economics, UC Berkeley.
    15. Marc F. Bellemare & Yu Na Lee & David R. Just, 2020. "Producer Attitudes Toward Output Price Risk: Experimental Evidence from the Lab and from the Field," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(3), pages 806-825, May.
    16. Barrett, Christopher B., 1996. "On price risk and the inverse farm size-productivity relationship," Journal of Development Economics, Elsevier, vol. 51(2), pages 193-215, December.
    17. Boussard, Jean-Marc, 1997. "A Risk Generated Non-Linear Cobweb," 1997 Occasional Paper Series No. 7 198193, International Association of Agricultural Economists.
    18. Christopher B. Barrett, 1999. "The microeconomics of the developmental paradox: on the political economy of food price policy," Agricultural Economics, International Association of Agricultural Economists, vol. 20(2), pages 159-172, March.
    19. Alexandre Gohin & Herve Guyomard & Chantal Le Mouël, 1998. "Agricultural policies analysis : contribution of computable general equilibrium modeling [L'analyse des politiques agricoles : l'apport de l'équilibre général calculable]," Post-Print hal-02837721, HAL.
    20. Gouel, Christophe, 2013. "Optimal food price stabilisation policy," European Economic Review, Elsevier, vol. 57(C), pages 118-134.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:umaesp:13845. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/daumnus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.