Showing 1 - 10 of 484
This paper provides the first comprehensive empirical analysis of agricultural trade using a gravity model. The data set covers bilateral trade in agricultural goods for 152 countries over the periods 1990-93 and 1999-2002. The estimations support claims that protectionism and distortive...
Persistent link: https://www.econbiz.de/10014401036
The “traditional structural approach” to the determination of real commodity prices has relied exclusively on demand factors as the fundamentals that explain the behavior of commodity prices. This framework, however, has been unable to explain the marked and sustained weakness in commodity...
Persistent link: https://www.econbiz.de/10014396109
This paper looks at the fiscal cost and distributional impact of implicit fuel price subsidies in Gabon, where fuel prices have remained largely unchanged since 2002. Using estimated implicit import parity prices, we evaluate the total fiscal cost of the subsidies at 3.2 percent of non-oil GDP...
Persistent link: https://www.econbiz.de/10014400286
This paper reviews evidence on the impact of fuel subsidy reform on household welfare in developing countries. On … average, the burden of subsidy reform is neutrally distributed across income groups; a $0.25 decrease in the per liter subsidy … subsidies than the bottom. Issues that need to be addressed when undertaking subsidy reform are also discussed, including the …
Persistent link: https://www.econbiz.de/10014397638
source—each program’s subsidy component. Recent credit reform proposals would make control of credit subsidies the primary … in improving their economic effects by eliminating unintended subsidies. However, many high subsidy-rate programs appear …
Persistent link: https://www.econbiz.de/10014396099
This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well as for spending on non-ecofriendly energy and land use activities. Using a new international dataset, we find that every dollar spent on key carbon-neutral or carbon-sink...
Persistent link: https://www.econbiz.de/10012518986
This paper examines the recent difficulties experienced in U.S. agriculture, and discusses the role played by government policies, in particular reviewing recent developments in those policies. Studies of the extent and costs of agricultural protection in the United States and other major...
Persistent link: https://www.econbiz.de/10014396437
Persistent link: https://www.econbiz.de/10009615208
Declining commodity prices during mid-2014-2016 posed significant challenges to commodity-exporting economies. The severe terms of trade shock associated with a sharp fall in world commodity prices have raised anew questions about the viability of pegged exchange rate regimes. More recently, the...
Persistent link: https://www.econbiz.de/10012604807
This paper presents a comprehensive database of country-specific commodity price indices for 182 economies covering the period 1962-2018. For each country, the change in the international price of up to 45 individual commodities is weighted using commodity-level trade data. The database includes...
Persistent link: https://www.econbiz.de/10012001593