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

Croser, J. L.; Lloyd, P. J.; Anderson, Kym

Description

For decades the world’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...[Show more]

dc.contributor.authorCroser, J. L.
dc.contributor.authorLloyd, P. J.
dc.contributor.authorAnderson, Kym
dc.date.accessioned2016-06-21T02:56:04Z
dc.date.available2016-06-21T02:56:04Z
dc.identifier.issn0002-9092
dc.identifier.urihttp://hdl.handle.net/1885/104487
dc.description.abstractFor decades the world’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 world’s production of those agricultural commodities.
dc.description.sponsorshipFunding from World Bank Trust Funds provided by the governments of the Netherlands (BNPP) and the United Kingdom DfID), and from theAustralian Research Council,is gratefully acknowledged.
dc.format15 pages
dc.format.mimetypeapplication/pdf
dc.language.isoen_AU
dc.publisherOxford University Press (OUP)
dc.rights© The Author (2010). Published by Oxford University Press on behalf of the Agricultural and Applied Economics Association.
dc.sourceAmerican Journal of Agricultural Economics
dc.subjectagricultural policies
dc.subjectdistorted commodity markets
dc.subjecttrade restrictiveness index
dc.titleHow Do Agricultural Policy Restrictions on Global Trade and Welfare Differ Across Commodities?
dc.typeJournal article
local.description.notesAt the time of publication Kym Anderson was affiliated with the University of Adelaide, Australia.
local.identifier.citationvolume92
dcterms.dateAccepted2010-01
dc.date.issued2010-04-03
local.publisher.urlhttp://www.oxfordjournals.org/
local.type.statusPublished Version
local.contributor.affiliationAnderson, Kym, Arndt-Corden Department of Economics, CAP Crawford School of Public Policy, The Australian National University
local.identifier.essn1467-8276
local.bibliographicCitation.issue3
local.bibliographicCitation.startpage698
local.bibliographicCitation.lastpage712
local.identifier.doi10.1093/ajae/aaq025
dcterms.accessRightsOpen Access
CollectionsANU Research Publications

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