How do agricultural policy restrictions on global trade and welfare differ across commodities?

Johanna L. Croser, Peter J. Lloyd, Kym Anderson

    Research output: Contribution to journalArticle

    Abstract

    For decades the world's agricultural markets have been highly distorted by government policies, but differently for different commodities such that a ranking of weighted average nominal rates of assistance across countries can be misleading as an indicator of the trade or welfare effects of policies affecting global markets. This article develops two theory-based indicators, drawing on the recent literature on trade restrictiveness indexes. It estimates those indicators for each of 28 key agricultural commodities from 1960 to 2004,based on a sample of 75 countries that together account for more than three-quarters of the world's production of those agricultural commodities
    Original languageEnglish
    Pages (from-to)698-712
    JournalAmerican Journal of Agricultural Economics
    Volume92
    Issue number3
    DOIs
    Publication statusPublished - 2010

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