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|Title:||How would global trade liberalization affect rural and regional incomes in Australia?|
|Citation:||Australian Journal of Agricultural and Resource Economics, 2010; 54(4):389-406|
|Publisher:||Blackwell Publ Ltd|
|Kym Anderson, James Giesecke, Ernesto Valenzuela|
|Abstract:||Agricultural protection in rich countries, which had depressed Australian farm incomes via its impact on Australia's terms of trade, has diminished over the past two decades. So too has agricultural export taxation in poor countries, which has had the opposite impact on those terms of trade. Meanwhile, however, import protection for developing country farmers has been steadily growing. To what extent are Australian farmers and rural regions still adversely affected by farm and non-farm price- and trade-distortive policies abroad? This paper draws on new estimates of the current extent of those domestic and foreign distortions: first, to model their net impact on Australia's terms of trade (using the World Bank's Linkage model of the global economy); and second, to model the effects of that terms of trade impact on output and real incomes in rural versus urban and other regions and households within Australia as of 2004 (using Monash's multi-regional TERM model of the Australian economy). Copyright 2010 The Authors. AJARE 2010 Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Asia Pty Ltd.|
|Keywords:||regional CGE modelling; rural income; trade liberalization.|
|Rights:||© 2010 The Authors. AJARE © 2010 Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Asia Pty Ltd.|
|Appears in Collections:||Economics publications|
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