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Type: Journal article
Title: Global distortions to agricultural markets: indicators of trade and welfare impacts, 1960 to 2007
Author: Lloyd, P.
Croser, J.
Anderson, K.
Citation: Review of Development Economics, 2010; 14(2):141-160
Publisher: Wiley-Blackwell Publishing Ltd.
Issue Date: 2010
ISSN: 1363-6669
Statement of
Peter J. Lloyd, Johanna L. Croser and Kym Anderson
Abstract: Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions such as producer and consumer support estimates (PSEs and CSEs) can be poor guides to the policies' economic effects. Recent theoretical literature provides scalar index numbers of trade- and welfare-reducing effects of price and trade policies which this paper builds on to develop more-satisfactory indexes that can be generated using no more than the data used to generate PSEs and CSEs. We then exploit a new Agricultural Distortion database to provide time-series estimates of index numbers for 75 developing and high-income countries over the past half-century.
Keywords: agricultural and trade policies; Distorted incentives; trade restrictiveness index
Rights: © 2010 Blackwell Publishing
RMID: 0020098069
DOI: 10.1111/j.1467-9361.2010.00544.x
Appears in Collections:Economics publications

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