Measuring the Impact of Distortions in Agricultural Trade in Partial and General Equilibrium

May 1, 2003

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Format: Chicago

Stephen Tokarick. Measuring the Impact of Distortions in Agricultural Trade in Partial and General Equilibrium, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper provides quantitative estimates of the impact of removing agricultural support (both tariffs and subsidies) in partial- and general-equilibrium frameworks. The results show that agricultural support in industrial countries is highly distortionary and tariffs have a larger distortionary impact than subsidies. Removal of agricultural support would likely raise the international prices of food, resulting in an increase in the cost of food for many net-food- importing countries, although the increase is generally small. The results also show that most of the benefits from removing agricultural support accrue to the countries that liberalize.

Subject: Agricultural commodities, Commodities, Imports, International trade, Price incentives, Prices, Tariffs, Taxes

Keywords: Agricultural commodities, Agricultural Trade, Demand price, East Africa, Global, Imports, Input subsidy, Market price, Market price price support, Middle East, Models, North Africa, Price incentives, Production subsidy, Sub-Saharan Africa, Subsidies, Tariffs, Welfare effect, World price, WP

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2003/110
Stock No:

WPIEA1102003
ISBN:

9781451853360
ISSN:

1018-5941

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