Novel Indicators of the Trade and Welfare Effects of Agricultural Distortions in OECD Countries

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dc.creatorCroser, Johanna
dc.creatorAnderson, Kym
dc.date2012-03-19T18:41:36Z
dc.date2012-03-19T18:41:36Z
dc.date2010-08-01
dc.date.accessioned2026-07-01T00:35:44Z
dc.descriptionAgricultural markets in OECD countries have long been highly distorted by government policies. Traditional weighted average aggregates of the price distortions involved, such as producer and consumer support estimates can be poor indicators of the trade restrictiveness and economic welfare losses associated with them, especially if a country's support estimates vary a lot across the product range. Certainly estimates of trade and welfare effects of price supports can be obtained from sector or economy-wide models using price elasticity estimates, but the results can be contentious if there is no consensus on what model specification and elasticity parameters to use. This paper shows that, if there is a willingness to accept simple assumptions about elasticities, it is possible to generate indicators of the welfare and trade restrictiveness of agricultural policies using no more than the price and quantity data needed to generate producer and consumer support estimates. These new indexes thus provide an attractive supplement to the current policy monitoring regime developed by the OECD Secretariat.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100826082556
dc.identifierhttps://hdl.handle.net/10986/3888
dc.identifier10.1596/1813-9450-5404
dc.identifier.urihttp://hdl.handle.net/123456789/406929
dc.languageEnglish
dc.relationPolicy Research working paper ; no. WPS 5404
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectABSOLUTE VALUE
dc.subjectAGGREGATE TRADE
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURAL INCENTIVES
dc.subjectAGRICULTURAL MARKETS
dc.subjectAGRICULTURAL PRICE
dc.subjectAGRICULTURAL PRICES
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURAL SUPPORT
dc.subjectAGRICULTURAL TRADE
dc.subjectAGRICULTURE
dc.subjectAVERAGE PRICE
dc.subjectAVERAGE TARIFF
dc.subjectBARLEY
dc.subjectBORDER PRICE
dc.subjectBORDER PROTECTION
dc.subjectCOARSE GRAINS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCONSUMER PRICE
dc.subjectCONSUMER PRICES
dc.subjectCONSUMERS
dc.subjectCOTTON
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDIRECT PAYMENTS
dc.subjectDOMESTIC CONSUMPTION
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC DISTORTIONS
dc.subjectDOMESTIC PRICE
dc.subjectDOMESTIC PRODUCTION
dc.subjectECONOMETRIC ESTIMATES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EFFECTS
dc.subjectECONOMIC MODELS
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC WELFARE
dc.subjectELASTICITY ASSUMPTION
dc.subjectEQUILIBRIUM
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPORT SUBSIDIES
dc.subjectEXPORT TAX EQUIVALENTS
dc.subjectEXPORT TAXES
dc.subjectFACTOR MARKETS
dc.subjectFAO
dc.subjectFARM
dc.subjectFARMERS
dc.subjectFARMING
dc.subjectFOOD PRODUCTS
dc.subjectFREE TRADE
dc.subjectGARLIC
dc.subjectGENERAL EQUILIBRIUM MODEL
dc.subjectGLOBAL MARKET
dc.subjectGLOBAL TRADE
dc.subjectGRAINS
dc.subjectIMPORT BARRIERS
dc.subjectIMPORT PROTECTION
dc.subjectIMPORT TARIFFS
dc.subjectINCOME
dc.subjectINCOMES
dc.subjectINDEX NUMBERS
dc.subjectINTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRADE POLICY
dc.subjectLESS DEVELOPED COUNTRIES
dc.subjectMAIZE
dc.subjectMARKET INDEXES
dc.subjectMARKET PRICE
dc.subjectOILSEEDS
dc.subjectOPEN ECONOMY
dc.subjectOUTPUT
dc.subjectPEAS
dc.subjectPEPPER
dc.subjectPOULTRY
dc.subjectPRICE CHANGE
dc.subjectPRICE CHANGES
dc.subjectPRICE DISTORTION
dc.subjectPRICE DISTORTIONS
dc.subjectPRICE ELASTICITY
dc.subjectPRICE ELASTICITY OF SUPPLY
dc.subjectPRICE SUPPORT
dc.subjectPRODUCER PRICE
dc.subjectPRODUCER PRICES
dc.subjectQUANTITATIVE RESTRICTIONS
dc.subjectRA
dc.subjectRAPESEED
dc.subjectRYE
dc.subjectSORGHUM
dc.subjectSOYBEAN
dc.subjectSUGAR
dc.subjectSUNFLOWER
dc.subjectTARIFF DATA
dc.subjectTAX
dc.subjectTAX RATE
dc.subjectTAXATION
dc.subjectTOBACCO
dc.subjectTRADE ASSOCIATION
dc.subjectTRADE COSTS
dc.subjectTRADE EFFECTS
dc.subjectTRADE POLICIES
dc.subjectTRADE POLICY
dc.subjectTRADE TAX
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.subjectTROPICAL CROPS
dc.subjectVEGETABLES
dc.subjectVOLUME OF TRADE
dc.subjectWELFARE IMPACTS
dc.subjectWELFARE LOSS
dc.subjectWELFARE LOSSES
dc.subjectWHEAT
dc.subjectWTO
dc.titleNovel Indicators of the Trade and Welfare Effects of Agricultural Distortions in OECD Countries

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