Krueger, Schiff, and Valdés Revisited: Agricultural price and trade policy reform in developing countries since 1960
Date
2010
Authors
Anderson, K.
Editors
Advisors
Journal Title
Journal ISSN
Volume Title
Type:
Journal article
Citation
Applied Economic Perspectives and Policy, 2010; 32(2):195-231
Statement of Responsibility
Conference Name
Abstract
A study of distortions to agricultural incentives in 18 developing countries from 1960–84, by Krueger, Schiff, and Valdés (1988; 1991), found that policies in most of those developing countries were directly or indirectly harming their farmers. Since the mid-1980s, there has been a substantial amount of policy reform and opening up of many developing countries. Indicators of that progress have been made available recently by a new study that has compiled estimates for a much larger sample of developing countries, and for as many years as possible since 1955. The new study also covers Europe's transition economies and comparable estimates for high-income countries, thereby covering more than 90% of world agricultural output and employment. This article summarizes the methodology used in the new study, compares a synopsis of the indicators from Krueger, Schiff, and Valdés and the new study for the period to 1984, summarizes the changing extent of price distortions across countries and commodities globally since then, and concludes by evaluating the degree of distortion reduction over the years since 1984 compared with how much still remains, according to the results of a global economy wide model.
School/Discipline
Dissertation Note
Provenance
Description
Access Status
Rights
© The Author(s) 2010. Published by Oxford University Press, on behalf of Agricultural and Applied Economics Association.