How Do Agricultural Policy Restrictions on Global Trade and Welfare Differ Across Commodities?

15 Pages Posted: 6 Apr 2020

See all articles by Johanna L. Croser

Johanna L. Croser

University of Adelaide

Peter Lloyd

University of Melbourne - Department of Economics

Kym Anderson

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

Date Written: April 2010

Abstract

For decades the world's agricultural markets have been highly distorted by government policies, but differently for different commodities such that a ranking of weighted average nominal rates of assistance across countries can be misleading as an indicator of the trade or welfare effects of policies affecting global markets. This article develops two theory‐based indicators, drawing on the recent literature on trade restrictiveness indexes. It estimates those indicators for each of 28 key agricultural commodities from 1960 to 2004, based on a sample of 75 countries that together account for more than three‐quarters of the world's production of those agricultural commodities.

Keywords: agricultural policies, distorted commodity markets, trade restrictiveness index

Suggested Citation

Croser, Johanna L. and Lloyd, Peter John and Anderson, Kym, How Do Agricultural Policy Restrictions on Global Trade and Welfare Differ Across Commodities? (April 2010). American Journal of Agricultural Economics, Vol. 92, Issue 3, pp. 698-712, 2010, Available at SSRN: https://ssrn.com/abstract=3569207 or http://dx.doi.org/10.1093/ajae/aaq025

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

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

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
1
Abstract Views
26
PlumX Metrics