Political Economy of Public Policies : Insights from Distortions to Agricultural and Food Markets

The agricultural and food sector is an ideal case for investigating the political economy of public policies. Many of the policy developments in this sector since the 1950s have been sudden and transformational, while others have been gradual but persistent. This paper reviews and synthesizes the literature on trends and fluctuations in market distortions and the political-economy explanations that have been advanced. Based on a rich global data set covering a half-century of evidence on commodities, countries, and policy instruments, the paper identifies hypotheses that have been explored in the literature on the extent of market distortions and the conditions under which reform may be feasible.

Bibliographic Details

Main Authors:	Rausser, Gordon, Anderson, Kym, Swinnen, Johan
Language:	English en_US
Published:	World Bank, Washington, DC 2013-05
Subjects:	ADVANCED ECONOMIES, AGREEMENT ON AGRICULTURE, AGRIBUSINESS, AGRICULTURAL COMMODITIES, AGRICULTURAL EXPORT, AGRICULTURAL EXPORT SUBSIDIES, AGRICULTURAL EXPORTS, AGRICULTURAL INDUSTRIES, AGRICULTURAL INTERESTS, AGRICULTURAL MARKETS, AGRICULTURAL OUTPUT, AGRICULTURAL POLICIES, AGRICULTURAL POLICY, AGRICULTURAL PRICE, AGRICULTURAL PRICE SUPPORTS, AGRICULTURAL PRODUCTION, AGRICULTURAL PRODUCTS, AGRICULTURAL PROTECTION, AGRICULTURAL RESEARCH, AGRICULTURAL SECTOR, AGRICULTURAL SECTORS, AGRICULTURAL TRADE, AGRICULTURE, ALLOCATION, BARRIERS TO ENTRY, BORDER MEASURES, CLIMATE, COMMODITIES, COMMODITY, COMMODITY PRICE, COMMODITY PRICES, COMPARATIVE ADVANTAGE, COMPARATIVE ADVANTAGES, CONSUMERS, CONSUMPTION PATTERNS, COST REDUCTION, COTTON, CROPS, CURRENCY, DAIRY, DECISION MAKING, DEMOCRACIES, DEMOCRACY, DEMOCRATIC REFORMS, DEREGULATION, DEVALUATION, DEVELOPING COUNTRIES, DEVELOPING ECONOMIES, DEVELOPMENT POLICY, DIRECT PAYMENTS, DISTRIBUTION OF INCOME, DISTRIBUTIONAL EFFECTS, DOMESTIC CONSUMERS, DOMESTIC MARKETS, DOMESTIC PRICE, DOMESTIC PRICES, DOMESTIC PRODUCER, DOMESTIC PRODUCERS, ECONOMETRIC ANALYSES, ECONOMETRIC MODELS, ECONOMIC ANALYSIS, ECONOMIC DECISION MAKING, ECONOMIC DEVELOPMENT, ECONOMIC EQUILIBRIUM, ECONOMIC GROWTH, ECONOMIC REFORMS, ECONOMIC STRUCTURE, ECONOMIC THEORY, ECONOMIC THOUGHT, ECONOMIC WELFARE, ECONOMICS LITERATURE, EXCHANGE RATES, EXPORT, EXPORT SUBSIDIES, EXPORTS, EXTERNALITIES, FARM, FARM EMPLOYMENT, FARM INCOME, FARM INCOMES, FARM PRODUCTS, FARMERS, FARMS, FEED, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL SUPPORT, FISCAL POLICY, FLEXIBLE EXCHANGE RATES, FOOD PRICES, FOOD PRODUCTS, FOOD SECURITY, FOREIGN EXCHANGE, FREE MARKETS, FREE TRADE, FUTURE GROWTH, GDP, GLOBAL OUTPUT, GLOBAL POVERTY, GLOBALIZATION, GOVERNMENT EXPENDITURES, GOVERNMENT POLICIES, GRAIN, GROSS VALUE, HOUSEHOLDS, IMPORT BARRIERS, IMPORT TARIFFS, IMPORTS, INCOME, INCOME DISTRIBUTION, INCOME GROUP, INCOME INEQUALITY, INCOME TAXES, INCOMES, INDUSTRIAL ECONOMY, INDUSTRIALIZATION, INFORMATION TECHNOLOGIES, INSURANCE, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL TRADE, LAND USE, LIBERALIZATION, LIBERALIZATIONS, LIVESTOCK, LOW-INCOME COUNTRIES, MACRO-ECONOMIC POLICY, MACROECONOMIC POLICY, MARGINAL UTILITY, MARKET DEVELOPMENTS, MARKET DISTORTIONS, MARKET ENTRY, MARKET OUTCOMES, MARKET PRICES, MARKET STRUCTURES, MARKETING QUOTAS, MIDDLE-INCOME COUNTRIES, MILK, MOBILIZATION, MONETARY FUND, MONETARY POLICY, MULTILATERAL TRADE, ORGANIZATIONAL STRUCTURES, OUTPUTS, PARTICULAR COUNTRY, PER CAPITA INCOME, POLICY ANALYSIS, POLICY DEVELOPMENTS, POLICY DISCUSSIONS, POLICY REGIME, POLICY RESEARCH, POLICY RESEARCH WORKING PAPER, POLITICAL ECONOMY, POLITICAL POWER, POLITICAL REGIME, POLITICAL REGIMES, POLITICAL SYSTEMS, PORK, POULTRY, PRICE DISTORTION, PRICE DISTORTIONS, PRICE FLUCTUATIONS, PRICE SUBSIDIES, PRICE SUPPORT, PRIVATIZATION, PRODUCTION INCREASES, PROGRESS, PROTECTIONISM, PUBLIC POLICIES, PUBLIC POLICY, QUANTITATIVE IMPORT RESTRICTIONS, QUANTITATIVE INDICATORS, QUANTITATIVE MEASURES, QUANTITATIVE RESTRICTIONS, RAPID GROWTH, RATE OF RETURN, REAL INCOME, REGRESSION ANALYSIS, RELATIVE PRICE, RELATIVE PRICES, RESOURCE ALLOCATION, RESOURCE ECONOMICS, RESPECT, RICHER COUNTRIES, ROUND OF MULTILATERAL TRADE NEGOTIATIONS, RURAL AREAS, RURAL DEVELOPMENT, RURAL INFRASTRUCTURE, SCENARIOS, SMALL COUNTRIES, SUBSTITUTION, SUGAR, SUNK COSTS, TARGET PRICES, TARIFF BARRIERS, TAX, TAXATION, TOTAL COSTS, TRADE BARRIERS, TRADE DISTORTING, TRADE NEGOTIATIONS, TRADE POLICIES, TRADE POLICY, TRADE TAX, TRADE TAXES, TRADING PARTNERS, TRANSACTION, TRANSACTION COSTS, TRANSITION COUNTRIES, TRANSITION ECONOMIES, TRANSPARENCY, TYPES OF INSTRUMENTS, UNEMPLOYMENT, URUGUAY ROUND, VOLATILITY, VOLUME, VOTERS, WEALTH, WORLD ECONOMY, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO,
Online Access:	http://documents.worldbank.org/curated/en/2013/05/17659694/political-economy-public-policies-insights-distortions-agricultural-food-markets-political-economy-public-policies-insights-distortions-agricultural-food-markets https://hdl.handle.net/10986/15575
Tags:	Add Tag No Tags, Be the first to tag this record!