Journal Article

Measuring Agricultural Policy Bias: General Equilibrium Analysis of Fifteen Developing Countries

Henning Tarp Jensen, Sherman Robinson and Finn Tarp

in American Journal of Agricultural Economics

Volume 92, issue 4, pages 1136-1148
Published in print July 2010 | ISSN: 0002-9092
Published online July 2010 | e-ISSN: 1467-8276 | DOI: https://dx.doi.org/10.1093/ajae/aaq043
Measuring Agricultural Policy Bias: General Equilibrium Analysis of Fifteen Developing Countries

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  • Agricultural Economics
  • General Equilibrium and Disequilibrium
  • Economic Development

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Measurement is a key issue in the literature on price incentive bias induced by trade policy. We introduce a general equilibrium measure of the relative effective rate of protection, which generalizes earlier protection measures. For our fifteen sample countries, results indicate that the agricultural price incentive bias generally perceived to exist during the 1980s was largely eliminated during the 1990s. Results also demonstrate that general equilibrium effects and country-specific characteristics are crucial for determining the sign and magnitude of agricultural bias. Our comprehensive protection measure is therefore uniquely suited to capture the full impact of trade policies on relative agricultural price incentives.

Keywords: agricultural policy; CGE models; effective protection; urban bias; D58; O10; Q18

Journal Article.  6380 words.  Illustrated.

Subjects: Agricultural Economics ; General Equilibrium and Disequilibrium ; Economic Development

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