Antipodean Agricultural and Resource Economics at 60: National and Global Price‐ and Trade‐Distorting Policies

15 Pages Posted: 4 Oct 2016

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

Date Written: October 2016

Abstract

This paper surveys significant contributions made by Australian and New Zealand (ANZ) agricultural and trade economists to our understanding of the extent to which price‐ and trade‐distorting policies affect domestic and international prices and markets for agricultural products and economic welfare. It begins with the theory of policy impacts on producer and consumer prices and value added by farmers. It then surveys efforts to measure the extent of distortions due to such policies, first in Australia and New Zealand and then in other regions of the world. ANZ economists’ efforts to use models to estimate the market and welfare effects of policies nationally and globally are then assessed, before attention turns to their ex ante estimates of the effects of trade agreements. The paper’s Supporting Information includes a brief survey of attempts to understand the political economy forces behind those various policies and their recent reforms.

Keywords: distortions to agricultural and food markets, economy‐wide modelling of trade‐related policies, nominal and relative rates of assistance

Suggested Citation

Anderson, Kym, Antipodean Agricultural and Resource Economics at 60: National and Global Price‐ and Trade‐Distorting Policies (October 2016). Australian Journal of Agricultural and Resource Economics, Vol. 60, Issue 4, pp. 614-628, 2016, Available at SSRN: https://ssrn.com/abstract=2847374 or http://dx.doi.org/10.1111/1467-8489.12176

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

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