A Global Analysis Of Agricultural Trade Reform In Wto Member Countries
The effect on production, trade and well-being from the granting of market access, removing export subsidies, and eliminating trade-distorting forms of direct support to farmers in WTO member countries is analyzed from a world-wide general equilibrium perspective using the most recently available data. The results suggest that removing trade barriers, subsidies and support will cause aggregate world prices of agricultural commodities to rise by over 11 percent relative to an index of all other prices. Agricultural support and protection in the developed countries is found to be the major cause of low agricultural prices, and implicitly, a tax on net agricultural exporters in developing countries. Livestock product prices are likely to increase the most from the reform of agricultural policies. Reform increase world trade in agricultural commodities, but the level of total agricultural production is left almost unchanged. In the short to medium term, some net agricultural importing countries are likely to suffer a welfare loss due to an adverse change in their terms of trade that reform causes. However, in the longer-run, reform of agricultural policies is found to benefit almost all countries and developing countries in particular due to the change reform induces in their pattern of investment, growth in capital stock, and to growth in their total factor productivity.
|Date of creation:||2001|
|Date of revision:|
|Contact details of provider:|| Postal: (612) 625-1222|
Phone: (612) 625-1222
Fax: (612) 625-6245
Web page: http://www.apec.umn.edu/EDC.html
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Paul M. Romer, 1994. "The Origins of Endogenous Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 3-22, Winter.
- David T. Coe & Elhanan Helpman & Alexander Hoffmaister, 1995.
"North-South R&D Spillovers,"
NBER Working Papers
5048, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:ags:umedbu:12984. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.