A multi-commodity model of world food markets is used to quantify the adverse impact of agricultural p olicies in Western Europe and East Asia on farmer welfare in Australa sia and North America. Net farm incomes for these traditional exporte rs would be one-third greater in the absence of...

This paper examines the main challenges confronting the World Trade Organization (WTO) and assesses the WTO's potential to address each of these issues in the near term. The immediate challenges include completing the integration of agriculture and textiles and clothing into the mainstream of...

We estimate hedonic price functions for premium wine from Australia and New Zealand, differentiating implicit prices for sensory quality ratings, wine varieties and regional as well as winery brand reputations over the vintages 1992-2000. The results show regional reputations have become...

Australia's lacklustre economic growth performance in the first four decades following World War II was in part due to an antitrade, antiprimary sector bias in government assistance policies. This paper provides new annual estimates of the extent of those biases since 1946 and their gradual...

Phasing out distortionary government subsidies and barriers to international trade will yield extraordinarily high benefits relative to any adjustment costs, notwithstanding the considerable reforms that have already taken place over the past two decades. The present paper surveys recent...