Measuring the Impact of Distortions in Agricultural Trade in Partial and General Equilibrium

Stephen Tokarick

No 2003/110, IMF Working Papers from International Monetary Fund

Abstract: This paper provides quantitative estimates of the impact of removing agricultural support (both tariffs and subsidies) in partial- and general-equilibrium frameworks. The results show that agricultural support in industrial countries is highly distortionary and tariffs have a larger distortionary impact than subsidies. Removal of agricultural support would likely raise the international prices of food, resulting in an increase in the cost of food for many net-food- importing countries, although the increase is generally small. The results also show that most of the benefits from removing agricultural support accrue to the countries that liberalize.

Keywords: WP; market price; production subsidy; demand price; World price; Agricultural Trade; Tariffs; Subsidies; Models; input subsidy; market price price support; welfare effect; Price incentives; Imports; Agricultural commodities; Sub-Saharan Africa; Middle East; North Africa; East Africa; Global (search for similar items in EconPapers)
Pages: 45
Date: 2003-05-01
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Citations: View citations in EconPapers (42)

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