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| Cheng, Fuzhi; Orden, David. |
| This paper examines the effects of the exchange rate misalignment on the agricultural Producer Support Estimates (PSEs) in India. Based on various time series techniques, the equilibrium exchange rate of the Indian rupee and the corresponding misalignment are estimated and applied to the calculations of the PSEs. Our results show that the indirect effect from exchange rate misalignment on India's agriculture has either amplified or counteracted the direct effect from sectoral-specific policies. The indirect effect of exchange rate overvaluation has potentially taxed the agricultural sector in India during the periods leading up to the financial crisis. However, the magnitude of these indirect effects becomes smaller in the later periods when the actual... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy; International Relations/Trade. |
| Ano: 2006 |
URL: http://purl.umn.edu/25299 |
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| Orden, David; Cheng, Fuzhi; Nguyen, Hoa; Grote, Ulrike; Thomas, Marcelle; Mullen, Kathleen; Sun, Dongsheng. |
| The levels of support that trade and domestic farm policies afford to agriculture, and the related processes of policy reform intended to improve the economic efficiency of agricultural production, processing, and marketing, are important issues for developing countries. The effects of policy on agriculture are well documented for wealthy countries, especially by the established and respected studies from the Organisation for Economic Cooperation and Development. However, systematic analysis is often lacking for poor countries because of the difficulty and cost of measuring policy effects consistently over time and across commodities. This study contributes to filling the existing research gap by examining the impacts of agricultural policies and policy... |
| Tipo: Report |
Palavras-chave: Agriculture and state; India; Indonesia; China; Vietnam; Agricultural and Food Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/37879 |
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| Cheng, Fuzhi; Orden, David. |
| There have been different degrees of exchange rate disequilibrium in the developing countries during transition or reform periods. The level of the exchange rate and its misalignment can have significant impacts on agricultural policy measures such as Producer Support Estimates (PSEs). In the conventional PSE analysis, however, the actual (nominal) exchange rates are used. There is general agreement that the use of actual exchange rates may introduce a bias in the PSE calculations, and that this bias can be substantial in some cases. But there is less agreement on the most appropriate alternative. In this study, we utilize various time series techniques to derive estimates of the equilibrium exchange rates in India and China as determined by real... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2005 |
URL: http://purl.umn.edu/19121 |
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