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extreme upward price spikes, trade policy responses by food importers are as substantial as those of exporting countries. The …
Persistent link: https://www.econbiz.de/10008692306
The recent upward spike in the international price of food led some countries to raise export barriers. As in previous … price spike periods, that response by some food-exporting countries was accompanied by a lowering of import restrictions by … numerous food-importing countries. Both actions exacerbate the international price spike. This paper provides new evidence n …
Persistent link: https://www.econbiz.de/10011084659
Agricultural markets in OECD countries have long been highly distorted by government policies. Traditional weighted average aggregates of the price distortions involved, such as producer and consumer support estimates (PSEs and CSEs), can be poor indicators of the trade restrictiveness and...
Persistent link: https://www.econbiz.de/10008466338
Earnings from farming in many low-income countries have been depressed by a pro-urban bias in own-country policies, as well as by governments of richer countries favoring their farmers with import barriers and subsidies. Both sets of policies reduce national and global economic welfare. The...
Persistent link: https://www.econbiz.de/10005123883
Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies’ economic effects. Recent theoretical literature provides indicators of trade- and welfare-reducing effects of...
Persistent link: https://www.econbiz.de/10005124247
Australia’s lacklustre economic growth performance in the first four decades following World War II was in part due to an anti-trade, anti-primary sector bias in government assistance policies. This paper provides new annual estimates of the extent of those biases since 1946 and their gradual...
Persistent link: https://www.econbiz.de/10005136689