Focus - Agricultural price policy: revisiting Krueger, Schiff, and Valdés
Date
Authors
Anderson, Kym
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Volume Title
Publisher
World Bank
Abstract
Two alternative interpretations
of history have very different
implications for future agricultural
trade reform. Two decades ago a major World
Bank study of distortions to
agricultural incentives in 18 developing
countries was published by
Anne O. Krueger, Maurice Schiff, and
Alberto Valdés (The Political Economy
of Agricultural Pricing Policy, 3 vols.,
Baltimore: Johns Hopkins University
Press, 1991). That K/S/V study, which
covered 1960–84, found that policies
in most of those developing countries
were harming their farmers—either
directly, through such things as taxes
on agricultural exports, or indirectly,
through manufacturing protection
and exchange rate overvaluation.
Description
Keywords
agricultural, trade, reform, distortion, developing countries, Anne O. Krueger, Maurice Schiff, Alberto Valdés, K/S/V study, manufacturing protection, taxes
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World Bank Research Digest
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Journal article
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Open Access
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