Measuring the Impact of Distortions in Agricultural Trade in Partial and General Equilibrium
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Summary:
This paper provides quantitative estimates of the impact of removing agricultural support (both tariffs and subsidies) in partial- and general-equilibrium frameworks. The results show that agricultural support in industrial countries is highly distortionary and tariffs have a larger distortionary impact than subsidies. Removal of agricultural support would likely raise the international prices of food, resulting in an increase in the cost of food for many net-food- importing countries, although the increase is generally small. The results also show that most of the benefits from removing agricultural support accrue to the countries that liberalize.
Series:
Working Paper No. 2003/110
Subject:
Agricultural commodities Commodities Imports International trade Price incentives Prices Tariffs Taxes
English
Publication Date:
May 1, 2003
ISBN/ISSN:
9781451853360/1018-5941
Stock No:
WPIEA1102003
Pages:
45
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