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Global distortions to agricultural markets : new indicators of trade and welfare impacts, 1955 to 2007

Author: P J Lloyd; Johanna L Croser; Kym Anderson; World Bank.
Publisher: [Washington, D.C.] : [World Bank], [2009]
Series: Policy research working papers (Online), 4865.
Edition/Format:   eBook : International government publication : EnglishView all editions and formats
Summary:
"Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies' economic effects. Recent theoretical literature provides indicators of trade and welfare-reducing effects of price and trade policies which this paper builds on to develop more-satisfactory indexes. The authors exploit a new  Read more...
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Details

Material Type: Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: P J Lloyd; Johanna L Croser; Kym Anderson; World Bank.
OCLC Number: 323200151
Notes: Title from PDF file as viewed on 5/8/2009.
Details: System requirements: Adobe Acrobat Reader.; Mode of access: World Wide Web.
Series Title: Policy research working papers (Online), 4865.
Responsibility: Peter J. Lloyd, Johanna L. Croser, Kym Anderson.

Abstract:

"Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies' economic effects. Recent theoretical literature provides indicators of trade and welfare-reducing effects of price and trade policies which this paper builds on to develop more-satisfactory indexes. The authors exploit a new Agricultural Distortion database to generate estimates of them for developing and high-income countries over the past half century. These better approximations of the trade and welfare effects of sector policies are generated without a formal model of global markets or even price elasticity estimates."--World Bank web site.

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