Agricultural trade barriers and producer subsidies inflict real costs, both on the countries that use these policies and on their trade partners. Trade barriers lower demand for trade partners' products, domestic subsidies can induce an oversupply of agricultural products which depresses world...

The World Sugar Policy Simulation Model is a dynamic, partial equilibrium, net trade model. It distinguishes 18 countries and regions, and sugar is assumed to be a homogenous commodity. The model is designed for evaluating the effects on the world sugar economy of farm and trade policies by...

The economic development of South Korea is often considered a model for developing countries. We use 1975 and 1990 data in a general equilibrium framework with a highly disaggregated sector specification to evaluate the opportunity cost of its agricultural protection. We show that although...