How Do Agricultural Policy Restrictions to Global Trade and Welfare Differ Across Commodities?

Johanna Croser (), Peter Lloyd () and Kym Anderson
Additional contact information
Johanna Croser: School of Economics, University of Adelaide
Peter Lloyd: University of Melbourne

No 2010-06, Centre for International Economic Studies Working Papers from University of Adelaide, Centre for International Economic Studies

Abstract: For decades the worldÂ’s agricultural markets have been highly distorted by government policies, but differently for different commodities such that a ranking of weighted average nominal rates of assistance across countries can be misleading as an indicator of the trade or welfare effects of policies affecting global markets. This article develops two theory-based indicators, drawing on the recent literature on trade restrictiveness indexes. It estimates those indicators for each of 28 key agricultural commodities from 1960 to 2004, based on a sample of 75 countries that together account for more than three-quarters of the worldÂ’s production of those agricultural commodities.

Keywords: Agricultural policies; distorted commodity markets; trade restrictiveness index (search for similar items in EconPapers)
JEL-codes: F13 F14 Q17 Q18 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2010-02
New Economics Papers: this item is included in nep-agr
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Related works:
Journal Article: How Do Agricultural Policy Restrictions on Global Trade and Welfare Differ Across Commodities? (2010)
Working Paper: How Do Agricultural Policy Restrictions to Global Trade and Welfare Differ Across Commodities? (2009)
Working Paper: How Do Agricultural Policy Restrictions to Global Trade and Welfare Differ Across Commodities? (2009)
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