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| Lloyd, Peter J.; Croser, Johanna L.; Anderson, Kym. |
| Despite reforms over the past quarter-century, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions such as the nominal rate of assistance and consumer tax equivalent provide measures of the degree of intervention, but they can be misleading as indicators of the true effects of those policies. By drawing on recent theoretical literature that provides indicators of the trade- and welfare-reducing effects of price and trade policies, this paper develops more-satisfactory indexes for capturing distortions to agricultural incentives. It then exploits the Agricultural Distortion database recently compiled by the World Bank to generate estimates of them for both developing and high-income... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Distorted incentives; Agricultural and trade policies; Trade restrictiveness index. |
| Ano: 2009 |
URL: http://purl.umn.edu/48049 |
