Economic Incentives and Comparative Advantage in the Livestock Industry
With the increasing demand for livestock products, questions have arisen concerning the most efficient way of increasing its production. To quantify the impact of policies on the output prices of chicken, meat, eggs, pork and beef, the nominal protection rate is calculated for each commodity. To quantify the impact of policies on inputs, the implicit tariff is also calculated for each type of feeds. To synthesize the impact of government policies affecting input and output prices, the effective protection rate is estimated. These figures are then given meaning through the author’s in-depth interpretation and analysis.
|Date of creation:||1983|
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- Bruno, Michael, 1972. "Domestic Resource Costs and Effective Protection: Clarification and Synthesis," Journal of Political Economy, University of Chicago Press, vol. 80(1), pages 16-33, Jan.-Feb..
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