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A new set of estimates of policy induced distortions to relative prices is used to examine how they affect economic growth. We find that on impact there is no significant response of relative agricultural price distortions to changes in real GDP per capita growth of Sub-Saharan African...
Persistent link: https://www.econbiz.de/10010762631
To what extent has Sub-Saharan Africa’s slow economic growth over the past five decades been due to price and trade policies that have discouraged production of agricultural relative to non-agricultural tradables? This paper uses a new set of estimates of policy distortions to relative prices...
Persistent link: https://www.econbiz.de/10009246604
To what extent has Sub-Saharan Africa's slow economic growth over the past five decades been due to price and trade policies that have discouraged production of agricultural relative to non-agricultural tradables? This paper uses a new set of estimates of policy distortions to relative prices to...
Persistent link: https://www.econbiz.de/10009352223
This paper addresses several questions of concern to economies excluded from the world's two major trading blocs <196> the European Union (EU) and the North American Free Trade Association (NAFTA). First, is there evidence from the past that suggests the direct and indirect effects of regional...</196>
Persistent link: https://www.econbiz.de/10005667022
Understanding how and why economies structurally transform as they grow is crucial for making sound national policy decisions. Typically, analysts who study this issue focus on sectoral shares of gross domestic product and employment. This paper extends those studies to include exports,...
Persistent link: https://www.econbiz.de/10012863212
The agricultural and food sector is an ideal case for investigating the political economy of public policies. Many of the policy developments in this sector since the 1950s have been sudden and transfirmational, while others have been gradual but persistent. This article reviews and synthesizes...
Persistent link: https://www.econbiz.de/10010313271
Notwithstanding the tariffication component of the Uruguay Round Agreement on Agriculture, import tariffs on farm products continue to provide an incomplete indication of the extent to which agricultural producer and consumer incentives are distorted in national markets. As well, in developing...
Persistent link: https://www.econbiz.de/10005498082
The agricultural and food sector is an ideal case for investigating the political economy of public policies. Many of the policy developments in this sector since the 1950s have been sudden and transformational, while others have been gradual but persistent. This article reviews and synthesizes...
Persistent link: https://www.econbiz.de/10011083540
Historically, earnings from farming in many developing countries have been depressed by a pro-urban bias in own-country policies, as well as by governments of richer countries favouring their farmers with import barriers and subsidies. Both sets of policies reduced global economic welfare and...
Persistent link: https://www.econbiz.de/10011083902
When prices spike in international grain markets, national governments often reduce the extent to which that spike affects their domestic food markets. Those actions exacerbate the price spike and international welfare transfer associated with that terms of trade change. Several recent analyses...
Persistent link: https://www.econbiz.de/10011084272