Economy-wide Costs for Norway of Food Trade Restrictions

Ivar Gaasland

No 331210, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: Different sectors of the Norwegian food industry have diverging trade interests. Owing to climatic disadvantage, agriculture depends on substantial support to keep up production. Fisheries and fish farming, on the other hand, are profitable industries hampered by trade restrictions in the export markets. A special purpose comparative static AGE model is employed to highlight these diverging interests and to consider economy-wide costs of the food trade restrictions. The study suggests that a 66% drop in subsidies and tariffs may elevate household economic welfare by 2% to 5%. Less budget support to the farmers and lower food prices are the main sources of this gain, as well as higher rents in fisheries and fish farming.

Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Pages: 21
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:331210

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