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

"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 effect...

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Bibliographic Details
Main Author: Lloyd, Peter John
Corporate Author: World Bank
Other Authors: Croser, Johanna L., Anderson, Kym
Format: eBook
Language:English
Published: [Washington, D.C] World Bank 2009
Series:Policy research working paper
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
Description
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 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
Item Description:Includes bibliographical references. - Title from PDF file as viewed on 5/8/2009