CALCULATING MEASURES OF PROTECTION: IS IT ALWAYS APPROPRIATE TO USE WORLD REFERENCE PRICES?
Derek Byerlee and
Michael L. Morris
No 271009, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Protection measures are conventionally calculated using world reference prices. Under certain conditions, world reference prices do not represent a good , · approximation of the prices that can be expected to prevail in the absence of market distortions. Data from Pakistan illustrate how failure to consider these conditions can result in mis-leading policy recommendations .
Keywords: Agricultural and Food Policy; Demand and Price Analysis (search for similar items in EconPapers)
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