Political economy of public policies: insights from distortions to agricultural and food markets
Date
Authors
Anderson, Kym
Rausser, Gordon
Swinnen, Johan
Journal Title
Journal ISSN
Volume Title
Publisher
American Economic Association
Abstract
The agricultural and food sector is an ideal case for investigating the political economy
of public policies. Many of the policy developments in this sector since the 1950s have been sudden and transformational, while others have been gradual but persistent.
This article reviews and synthesizes the literature on trends and fluctuations in
market distortions and the political-economy explanations that have been advanced. Based on a rich global data set covering a half-century of evidence on commodities,
countries, and policy instruments, we identify hypotheses that have been explored
in the literature on the extent of market distortions and the conditions under which
reform may be feasible.
Description
Keywords
agricultural and food sector, policy developments, market distortions, political-economy, public policies, international trade, prices, demand, supply, reform
Citation
Collections
Source
Journal of Economic Literature 51.2 (2013): 423–477
Type
Journal article