Liberalising OECD agricultural policies in the Uruguay Round: effects on trade and welfare
A dynamic, stochastic, multi-commodity model of world food markets is used to estimate the effects of liberalising agricultural policies in industrial countries. The effects on international and domestic prices, on trade volumes and on economic welfare of a phased liberalisation of industrial-country policies between 1988 and 1992 are compared with the effects of a similar hypothetical liberalisation in the early 1980s. The results suggest that, because of the dramatic increase in agricultural...[Show more]
|Collections||ANU Research Publications|
|Source:||Journal of Agricultural Economics|
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