Impact of Trade Liberalization and World Price Changes in Bangladesh: A Computable General Equilibrium Analysis

Mohammad Jahangir Alam, Jeroen Buysse, Ismat Ara Begum, Stephan Nolte, Eric J. Wailes and Guido Van Huylenbroeck

No 123724, 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil from International Association of Agricultural Economists

Abstract: The paper analyzes the impact of trade liberalization and changes in world prices of agricultural commodities in Bangladesh using single country CGE model. Since the agricultural sector is sensitive to overall employment, household welfare and food security, the analysis focuses on the changes in agricultural production, consumption, household income and welfare. The results show that trade liberalization increases the welfare of all household groups while world market price increases decrease welfare. It means that although trade liberalization generates a welfare increase for households but this is dependent on the relative level of world commodity prices. Our results are based on the analysis of aggregate household groups, so it may be of future research interest to extend the model with more detailed household groups using a CGE-micro simulation approach.

Keywords: Agricultural and Food Policy; Demand and Price Analysis; Food Security and Poverty; International Development; International Relations/Trade (search for similar items in EconPapers)
Pages: 25
Date: 2012
New Economics Papers: this item is included in nep-agr and nep-cmp
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae12:123724

DOI: 10.22004/ag.econ.123724

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