Measuring the Impact of Distortions in Agricultural Trade in Partial and General Equilibrium

Author/Editor:

Stephen Tokarick

Publication Date:

May 1, 2003

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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. 03/110

Subject:

English

Publication Date:

May 1, 2003

ISBN/ISSN:

9781451853360/1018-5941

Stock No:

WPIEA1102003

Format:

Paper

Pages:

45

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