Global Distortions to Agricultural Markets: New Indicators of Trade and Welfare Impacts, 1955 to 2007

38 Pages Posted: 18 Feb 2009

See all articles by Kym Anderson

Kym Anderson

University of Adelaide - Centre for International Economic Studies (CIES); Centre for Economic Policy Research (CEPR); Australian National University

Johanna L. Croser

University of Adelaide

Peter Lloyd

University of Melbourne - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: February 2009

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 policiesÂ’ 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. We then 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 sectoral policies are generated without a formal model of global markets or even price elasticity estimates.

Keywords: agricultural and trade policies, Distorted incentives, trade restrictiveness index

JEL Classification: F13, F14, Q17, Q18

Suggested Citation

Anderson, Kym and Croser, Johanna L. and Lloyd, Peter John, Global Distortions to Agricultural Markets: New Indicators of Trade and Welfare Impacts, 1955 to 2007 (February 2009). CEPR Discussion Paper No. DP7160, Available at SSRN: https://ssrn.com/abstract=1345686

Kym Anderson (Contact Author)

University of Adelaide - Centre for International Economic Studies (CIES) ( email )

School of Economics
Adelaide SA 5005
Australia
+61 8 8313 4712 (Phone)
+61 8 8223 1460 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Australian National University ( email )

Arndt-Corden Dept of Economics
Coombs Building
Canberra, AK ACT 2600
Australia
+61 8 8313 4712 (Phone)

HOME PAGE: http://publicpolicy.anu.edu.au/crawford_people/content/staff/acde/kanderson.php

Johanna L. Croser

University of Adelaide ( email )

No 233 North Terrace, School of Commerce
Adelaide, South Australia 5005
Australia

Peter John Lloyd

University of Melbourne - Department of Economics ( email )

Melbourne, 3010
Australia

HOME PAGE: http://melbecon.unimelb.edu.au/staffprofile/plloyd/home.html

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