Deregulation as (Welfare Reducing) Trade Reform: The Case of the Australian Wheat Board

Posted: 23 Jul 2007

See all articles by Steve McCorriston

Steve McCorriston

University of Exeter

Donald MacLaren

University of Melbourne - Department of Economics

Abstract

State trading enterprises are distinguishable from private, commercial firms by the nature of their exclusive rights and objectives. Deregulation of the Australian Wheat Board is used to illustrate the effects of these rights and objectives on trade and welfare. Theoretical models are specified and the effects measured through calibrated, partial equilibrium models. It was found that the successive deregulations of the Australian Wheat Board caused it to switch from being equivalent to an export subsidy to, today, being equivalent to an export tax. At the same time, deregulation has not necessarily been welfare enhancing.

Suggested Citation

McCorriston, Steve and MacLaren, Donald, Deregulation as (Welfare Reducing) Trade Reform: The Case of the Australian Wheat Board. American Journal of Agricultural Economics, Vol. 89, No. 3, pp. 637-650, August 2007. Available at SSRN: https://ssrn.com/abstract=1002134 or http://dx.doi.org/10.1111/j.1467-8276.2007.00985.x

Steve McCorriston (Contact Author)

University of Exeter ( email )

Exeter EX4 4QX, Devon
United Kingdom

Donald MacLaren

University of Melbourne - Department of Economics ( email )

Victoria 3010, 3010
Australia
(61) 3 8344-5035 (Phone)
(61) 3 8344-6899 (Fax)

Register to save articles to
your library

Register

Paper statistics

Abstract Views
296
PlumX Metrics