Global Distortions to Agricultural Markets: New Indicators of Trade and Welfare Impacts, 1955 to 2007

Peter Lloyd (), second first second last () and Kym Anderson ()
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Peter Lloyd: University of Melbourne
second first second last: University of Adelaide

No 2009-13, Working Papers from University of Adelaide, School of Economics

Abstract: Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies? economic effects. Recent theoretical literature provides indicators of trade and welfare-reducing effects of price and trade policies which this paper builds on to develop more-satisfactory indexes. The authors exploit a new Agricultural Distortion database to generate estimates of them for developing and high-income countries over the past half century. These better approximations of the trade and welfare effects of sector policies are generated without a formal model of global markets or even price elasticity estimates.

Keywords: Distorted incentives; agricultural and trade policies; trade restrictiveness index (search for similar items in EconPapers)
JEL-codes: F13 F14 Q17 Q18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr
Date: 2009
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http://www.economics.adelaide.edu.au/research/papers/doc/econom913.pdf First version, 2009 (application/pdf)

Related works:
Working Paper: Global Distortions to Agricultural Markets: New Indicators of Trade and Welfare Impacts, 1955 to 2007 (2009)
Working Paper: Global Distortions to Agricultural Markets: New Indicators of Trade and Welfare Impacts, 1955 to 2007 (2009)
Working Paper: Global distortions to agricultural markets: new indicators of trade and welfare impacts, 1955 to 2007 (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:adl:wpaper:2009-13

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