TECHNICAL CHANGE AND EC‐US AGRICULTURAL TRADE LIBERALISATION

H. Guyomard, L. P. Mahé, Christophe Tavera () and T. Trochet

Journal of Agricultural Economics, 1991, vol. 42, issue 2, 119-137

Abstract: The paper aims to investigate the biases produced by assessing the effects of partial liberalisation of EC and US farm policies through comparative‐static simulations, when a more adequate approach would require time, or more precisely technical change, to be explicitly accounted for. Three points are underlined: taking into account technical change (i) alters the trade‐off between farm income and budgetary expenditures, (ii) has different effects according to the policy instruments used, and (iii) may reverse the sign of cross‐effects, particularly on the budget, in the case of large price‐support reductions which result in trade reversal. The relatively limited fall in farm income losses in scenarios corresponding to full harmonisation makes the associated support‐price cuts more acceptable, both politically and socially.

Date: 1991
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https://doi.org/10.1111/j.1477-9552.1991.tb00341.x

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Working Paper: Technical change and EC-US agricultural trade liberalization (1991)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jageco:v:42:y:1991:i:2:p:119-137

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