Global Distortions to Agricultural Markets : New Indicators of Trade and Welfare Impacts, 1955 to 2007

Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies' economic effects. Recent theoretical literature provides indicators of trade and welfare-reducing effects of price and trade policies which this paper builds on to develop more-satisfactory indexes. The authors exploit a new Agricultural Distortion database to generate estimates of them for developing and high-income countries over the past half century. These better approximations of the trade and welfare effects of sector policies are generated without a formal model of global markets or even price elasticity estimates.

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Bibliographic Details
Main Authors: Lloyd, Peter J., Croser, Johanna L., Anderson, Kym
Language:English
Published: 2009-03-01
Subjects:ABSOLUTE VALUE, AGGREGATE DEMAND, AGRICULTURAL GOODS, AGRICULTURAL INCENTIVES, AGRICULTURAL INDUSTRY, AGRICULTURAL MARKETS, AGRICULTURAL POLICIES, AGRICULTURAL POLICY, AGRICULTURAL PRICE, AGRICULTURAL PRODUCTION, AGRICULTURAL PRODUCTS, AGRICULTURAL PROGRAMS, AGRICULTURAL PROTECTION, AGRICULTURAL SECTOR, AGRICULTURE, BORDER MEASURES, BORDER PRICE, COIN, COMMODITIES, CONSUMER PRICE, CONSUMER PRICES, CONSUMER SURPLUS, CONSUMERS, DEMAND FUNCTION, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DISTORTION, DISTORTIONS, DOMESTIC DEMAND, DOMESTIC PRICE, DOMESTIC PRICES, DOMESTIC PRODUCER, DOMESTIC PRODUCTION, ECONOMIC EFFECTS, EXCHANGE RATE, EXCHANGE RATE POLICIES, EXCHANGE RATES, EXPORT, EXPORT PRICE, EXPORT SECTOR, EXPORT SUBSIDY, EXPORT TAX, EXPORTABLE GOODS, EXPORTERS, EXPORTS, FARM, FARM PRODUCTS, FARM SECTOR, FARMERS, FEDERAL RESERVE, FEDERAL RESERVE BANK, GDP, GENERAL EQUILIBRIUM, GENERAL EQUILIBRIUM MODEL, GENERAL EQUILIBRIUM MODELS, GLOBAL MARKETS, GLOBAL TRADE, GLOBALIZATION, GROSS VALUE, HIGH-INCOME COUNTRIES, HIGH-INCOME COUNTRY, IMPORT, IMPORT BARRIERS, IMPORT COMPETITION, IMPORT DEMAND, IMPORT MEASURES, IMPORT POLICIES, IMPORT TARIFF, IMPORT TAX, IMPORT VOLUME, IMPORTS, INCOME, INDEX NUMBERS, INTERNATIONAL ECONOMICS, INTERNATIONAL PRICE, INTERNATIONAL PRICES, INTERNATIONAL TRADE, INTERNATIONAL TRADE POLICY, MULTILATERAL SYSTEM, MULTIPLE EXCHANGE RATES, OPEN ECONOMY, PRICE ADJUSTMENT, PRICE CHANGE, PRICE COMPARISONS, PRICE CONTROLS, PRICE DISTORTION, PRICE DISTORTIONS, PRICE ELASTICITIES, PRICE ELASTICITY, PRICE INCREASES, PRICE OF GOOD, PRICE RATIOS, PRICE SUPPORT, PRIMARY PRODUCTS, PRODUCER PRICE, PRODUCER PRICES, QUANTITATIVE RESTRICTIONS, QUOTA RENTS, QUOTAS, SUBSIDIZATION, SUPPLY CURVES, SUPPLY FUNCTIONS, SUPPLY SIDE, SURPLUS, TARIFF BORDER, TARIFF EQUIVALENTS, TARIFF PROTECTION, TARIFF RATE, TARIFF RATES, TARIFF REVENUE, TAXATION, TOTAL AGRICULTURAL PRODUCTION, TOTAL IMPORTS, TRADE DISTORTIONS, TRADE POLICIES, TRADE PRICES, TRADE REDUCTION, TRADE RESTRICTION, TRADE RESTRICTIONS, TRADE RESTRICTIVENESS, TRADE TAXES, TRANSITION ECONOMIES, UNEMPLOYMENT, UNIFORM TARIFF, VOLUME, VOLUME OF TRADE, WEIGHTS, WORLD PRICE, WORLD TRADE, Microdata Set,
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090317084405
https://hdl.handle.net/10986/4060
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spelling dig-okr-1098640602024-08-08T16:27:58Z Global Distortions to Agricultural Markets : New Indicators of Trade and Welfare Impacts, 1955 to 2007 Lloyd, Peter J. Croser, Johanna L. Anderson, Kym ABSOLUTE VALUE AGGREGATE DEMAND AGRICULTURAL GOODS AGRICULTURAL INCENTIVES AGRICULTURAL INDUSTRY AGRICULTURAL MARKETS AGRICULTURAL POLICIES AGRICULTURAL POLICY AGRICULTURAL PRICE AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL PROGRAMS AGRICULTURAL PROTECTION AGRICULTURAL SECTOR AGRICULTURE BORDER MEASURES BORDER PRICE COIN COMMODITIES CONSUMER PRICE CONSUMER PRICES CONSUMER SURPLUS CONSUMERS DEMAND FUNCTION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DISTORTION DISTORTIONS DOMESTIC DEMAND DOMESTIC PRICE DOMESTIC PRICES DOMESTIC PRODUCER DOMESTIC PRODUCTION ECONOMIC EFFECTS EXCHANGE RATE EXCHANGE RATE POLICIES EXCHANGE RATES EXPORT EXPORT PRICE EXPORT SECTOR EXPORT SUBSIDY EXPORT TAX EXPORTABLE GOODS EXPORTERS EXPORTS FARM FARM PRODUCTS FARM SECTOR FARMERS FEDERAL RESERVE FEDERAL RESERVE BANK GDP GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODEL GENERAL EQUILIBRIUM MODELS GLOBAL MARKETS GLOBAL TRADE GLOBALIZATION GROSS VALUE HIGH-INCOME COUNTRIES HIGH-INCOME COUNTRY IMPORT IMPORT BARRIERS IMPORT COMPETITION IMPORT DEMAND IMPORT MEASURES IMPORT POLICIES IMPORT TARIFF IMPORT TAX IMPORT VOLUME IMPORTS INCOME INDEX NUMBERS INTERNATIONAL ECONOMICS INTERNATIONAL PRICE INTERNATIONAL PRICES INTERNATIONAL TRADE INTERNATIONAL TRADE POLICY MULTILATERAL SYSTEM MULTIPLE EXCHANGE RATES OPEN ECONOMY PRICE ADJUSTMENT PRICE CHANGE PRICE COMPARISONS PRICE CONTROLS PRICE DISTORTION PRICE DISTORTIONS PRICE ELASTICITIES PRICE ELASTICITY PRICE INCREASES PRICE OF GOOD PRICE RATIOS PRICE SUPPORT PRIMARY PRODUCTS PRODUCER PRICE PRODUCER PRICES QUANTITATIVE RESTRICTIONS QUOTA RENTS QUOTAS SUBSIDIZATION SUPPLY CURVES SUPPLY FUNCTIONS SUPPLY SIDE SURPLUS TARIFF BORDER TARIFF EQUIVALENTS TARIFF PROTECTION TARIFF RATE TARIFF RATES TARIFF REVENUE TAXATION TOTAL AGRICULTURAL PRODUCTION TOTAL IMPORTS TRADE DISTORTIONS TRADE POLICIES TRADE PRICES TRADE REDUCTION TRADE RESTRICTION TRADE RESTRICTIONS TRADE RESTRICTIVENESS TRADE TAXES TRANSITION ECONOMIES UNEMPLOYMENT UNIFORM TARIFF VOLUME VOLUME OF TRADE WEIGHTS WORLD PRICE WORLD TRADE Microdata Set Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies' economic effects. Recent theoretical literature provides indicators of trade and welfare-reducing effects of price and trade policies which this paper builds on to develop more-satisfactory indexes. The authors exploit a new Agricultural Distortion database to generate estimates of them for developing and high-income countries over the past half century. These better approximations of the trade and welfare effects of sector policies are generated without a formal model of global markets or even price elasticity estimates. 2012-03-19T19:09:15Z 2012-03-19T19:09:15Z 2009-03-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090317084405 https://hdl.handle.net/10986/4060 English Policy Research working paper ; no. WPS 4865 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf text/plain
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
topic ABSOLUTE VALUE
AGGREGATE DEMAND
AGRICULTURAL GOODS
AGRICULTURAL INCENTIVES
AGRICULTURAL INDUSTRY
AGRICULTURAL MARKETS
AGRICULTURAL POLICIES
AGRICULTURAL POLICY
AGRICULTURAL PRICE
AGRICULTURAL PRODUCTION
AGRICULTURAL PRODUCTS
AGRICULTURAL PROGRAMS
AGRICULTURAL PROTECTION
AGRICULTURAL SECTOR
AGRICULTURE
BORDER MEASURES
BORDER PRICE
COIN
COMMODITIES
CONSUMER PRICE
CONSUMER PRICES
CONSUMER SURPLUS
CONSUMERS
DEMAND FUNCTION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DISTORTION
DISTORTIONS
DOMESTIC DEMAND
DOMESTIC PRICE
DOMESTIC PRICES
DOMESTIC PRODUCER
DOMESTIC PRODUCTION
ECONOMIC EFFECTS
EXCHANGE RATE
EXCHANGE RATE POLICIES
EXCHANGE RATES
EXPORT
EXPORT PRICE
EXPORT SECTOR
EXPORT SUBSIDY
EXPORT TAX
EXPORTABLE GOODS
EXPORTERS
EXPORTS
FARM
FARM PRODUCTS
FARM SECTOR
FARMERS
FEDERAL RESERVE
FEDERAL RESERVE BANK
GDP
GENERAL EQUILIBRIUM
GENERAL EQUILIBRIUM MODEL
GENERAL EQUILIBRIUM MODELS
GLOBAL MARKETS
GLOBAL TRADE
GLOBALIZATION
GROSS VALUE
HIGH-INCOME COUNTRIES
HIGH-INCOME COUNTRY
IMPORT
IMPORT BARRIERS
IMPORT COMPETITION
IMPORT DEMAND
IMPORT MEASURES
IMPORT POLICIES
IMPORT TARIFF
IMPORT TAX
IMPORT VOLUME
IMPORTS
INCOME
INDEX NUMBERS
INTERNATIONAL ECONOMICS
INTERNATIONAL PRICE
INTERNATIONAL PRICES
INTERNATIONAL TRADE
INTERNATIONAL TRADE POLICY
MULTILATERAL SYSTEM
MULTIPLE EXCHANGE RATES
OPEN ECONOMY
PRICE ADJUSTMENT
PRICE CHANGE
PRICE COMPARISONS
PRICE CONTROLS
PRICE DISTORTION
PRICE DISTORTIONS
PRICE ELASTICITIES
PRICE ELASTICITY
PRICE INCREASES
PRICE OF GOOD
PRICE RATIOS
PRICE SUPPORT
PRIMARY PRODUCTS
PRODUCER PRICE
PRODUCER PRICES
QUANTITATIVE RESTRICTIONS
QUOTA RENTS
QUOTAS
SUBSIDIZATION
SUPPLY CURVES
SUPPLY FUNCTIONS
SUPPLY SIDE
SURPLUS
TARIFF BORDER
TARIFF EQUIVALENTS
TARIFF PROTECTION
TARIFF RATE
TARIFF RATES
TARIFF REVENUE
TAXATION
TOTAL AGRICULTURAL PRODUCTION
TOTAL IMPORTS
TRADE DISTORTIONS
TRADE POLICIES
TRADE PRICES
TRADE REDUCTION
TRADE RESTRICTION
TRADE RESTRICTIONS
TRADE RESTRICTIVENESS
TRADE TAXES
TRANSITION ECONOMIES
UNEMPLOYMENT
UNIFORM TARIFF
VOLUME
VOLUME OF TRADE
WEIGHTS
WORLD PRICE
WORLD TRADE
Microdata Set
ABSOLUTE VALUE
AGGREGATE DEMAND
AGRICULTURAL GOODS
AGRICULTURAL INCENTIVES
AGRICULTURAL INDUSTRY
AGRICULTURAL MARKETS
AGRICULTURAL POLICIES
AGRICULTURAL POLICY
AGRICULTURAL PRICE
AGRICULTURAL PRODUCTION
AGRICULTURAL PRODUCTS
AGRICULTURAL PROGRAMS
AGRICULTURAL PROTECTION
AGRICULTURAL SECTOR
AGRICULTURE
BORDER MEASURES
BORDER PRICE
COIN
COMMODITIES
CONSUMER PRICE
CONSUMER PRICES
CONSUMER SURPLUS
CONSUMERS
DEMAND FUNCTION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DISTORTION
DISTORTIONS
DOMESTIC DEMAND
DOMESTIC PRICE
DOMESTIC PRICES
DOMESTIC PRODUCER
DOMESTIC PRODUCTION
ECONOMIC EFFECTS
EXCHANGE RATE
EXCHANGE RATE POLICIES
EXCHANGE RATES
EXPORT
EXPORT PRICE
EXPORT SECTOR
EXPORT SUBSIDY
EXPORT TAX
EXPORTABLE GOODS
EXPORTERS
EXPORTS
FARM
FARM PRODUCTS
FARM SECTOR
FARMERS
FEDERAL RESERVE
FEDERAL RESERVE BANK
GDP
GENERAL EQUILIBRIUM
GENERAL EQUILIBRIUM MODEL
GENERAL EQUILIBRIUM MODELS
GLOBAL MARKETS
GLOBAL TRADE
GLOBALIZATION
GROSS VALUE
HIGH-INCOME COUNTRIES
HIGH-INCOME COUNTRY
IMPORT
IMPORT BARRIERS
IMPORT COMPETITION
IMPORT DEMAND
IMPORT MEASURES
IMPORT POLICIES
IMPORT TARIFF
IMPORT TAX
IMPORT VOLUME
IMPORTS
INCOME
INDEX NUMBERS
INTERNATIONAL ECONOMICS
INTERNATIONAL PRICE
INTERNATIONAL PRICES
INTERNATIONAL TRADE
INTERNATIONAL TRADE POLICY
MULTILATERAL SYSTEM
MULTIPLE EXCHANGE RATES
OPEN ECONOMY
PRICE ADJUSTMENT
PRICE CHANGE
PRICE COMPARISONS
PRICE CONTROLS
PRICE DISTORTION
PRICE DISTORTIONS
PRICE ELASTICITIES
PRICE ELASTICITY
PRICE INCREASES
PRICE OF GOOD
PRICE RATIOS
PRICE SUPPORT
PRIMARY PRODUCTS
PRODUCER PRICE
PRODUCER PRICES
QUANTITATIVE RESTRICTIONS
QUOTA RENTS
QUOTAS
SUBSIDIZATION
SUPPLY CURVES
SUPPLY FUNCTIONS
SUPPLY SIDE
SURPLUS
TARIFF BORDER
TARIFF EQUIVALENTS
TARIFF PROTECTION
TARIFF RATE
TARIFF RATES
TARIFF REVENUE
TAXATION
TOTAL AGRICULTURAL PRODUCTION
TOTAL IMPORTS
TRADE DISTORTIONS
TRADE POLICIES
TRADE PRICES
TRADE REDUCTION
TRADE RESTRICTION
TRADE RESTRICTIONS
TRADE RESTRICTIVENESS
TRADE TAXES
TRANSITION ECONOMIES
UNEMPLOYMENT
UNIFORM TARIFF
VOLUME
VOLUME OF TRADE
WEIGHTS
WORLD PRICE
WORLD TRADE
Microdata Set
spellingShingle ABSOLUTE VALUE
AGGREGATE DEMAND
AGRICULTURAL GOODS
AGRICULTURAL INCENTIVES
AGRICULTURAL INDUSTRY
AGRICULTURAL MARKETS
AGRICULTURAL POLICIES
AGRICULTURAL POLICY
AGRICULTURAL PRICE
AGRICULTURAL PRODUCTION
AGRICULTURAL PRODUCTS
AGRICULTURAL PROGRAMS
AGRICULTURAL PROTECTION
AGRICULTURAL SECTOR
AGRICULTURE
BORDER MEASURES
BORDER PRICE
COIN
COMMODITIES
CONSUMER PRICE
CONSUMER PRICES
CONSUMER SURPLUS
CONSUMERS
DEMAND FUNCTION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DISTORTION
DISTORTIONS
DOMESTIC DEMAND
DOMESTIC PRICE
DOMESTIC PRICES
DOMESTIC PRODUCER
DOMESTIC PRODUCTION
ECONOMIC EFFECTS
EXCHANGE RATE
EXCHANGE RATE POLICIES
EXCHANGE RATES
EXPORT
EXPORT PRICE
EXPORT SECTOR
EXPORT SUBSIDY
EXPORT TAX
EXPORTABLE GOODS
EXPORTERS
EXPORTS
FARM
FARM PRODUCTS
FARM SECTOR
FARMERS
FEDERAL RESERVE
FEDERAL RESERVE BANK
GDP
GENERAL EQUILIBRIUM
GENERAL EQUILIBRIUM MODEL
GENERAL EQUILIBRIUM MODELS
GLOBAL MARKETS
GLOBAL TRADE
GLOBALIZATION
GROSS VALUE
HIGH-INCOME COUNTRIES
HIGH-INCOME COUNTRY
IMPORT
IMPORT BARRIERS
IMPORT COMPETITION
IMPORT DEMAND
IMPORT MEASURES
IMPORT POLICIES
IMPORT TARIFF
IMPORT TAX
IMPORT VOLUME
IMPORTS
INCOME
INDEX NUMBERS
INTERNATIONAL ECONOMICS
INTERNATIONAL PRICE
INTERNATIONAL PRICES
INTERNATIONAL TRADE
INTERNATIONAL TRADE POLICY
MULTILATERAL SYSTEM
MULTIPLE EXCHANGE RATES
OPEN ECONOMY
PRICE ADJUSTMENT
PRICE CHANGE
PRICE COMPARISONS
PRICE CONTROLS
PRICE DISTORTION
PRICE DISTORTIONS
PRICE ELASTICITIES
PRICE ELASTICITY
PRICE INCREASES
PRICE OF GOOD
PRICE RATIOS
PRICE SUPPORT
PRIMARY PRODUCTS
PRODUCER PRICE
PRODUCER PRICES
QUANTITATIVE RESTRICTIONS
QUOTA RENTS
QUOTAS
SUBSIDIZATION
SUPPLY CURVES
SUPPLY FUNCTIONS
SUPPLY SIDE
SURPLUS
TARIFF BORDER
TARIFF EQUIVALENTS
TARIFF PROTECTION
TARIFF RATE
TARIFF RATES
TARIFF REVENUE
TAXATION
TOTAL AGRICULTURAL PRODUCTION
TOTAL IMPORTS
TRADE DISTORTIONS
TRADE POLICIES
TRADE PRICES
TRADE REDUCTION
TRADE RESTRICTION
TRADE RESTRICTIONS
TRADE RESTRICTIVENESS
TRADE TAXES
TRANSITION ECONOMIES
UNEMPLOYMENT
UNIFORM TARIFF
VOLUME
VOLUME OF TRADE
WEIGHTS
WORLD PRICE
WORLD TRADE
Microdata Set
ABSOLUTE VALUE
AGGREGATE DEMAND
AGRICULTURAL GOODS
AGRICULTURAL INCENTIVES
AGRICULTURAL INDUSTRY
AGRICULTURAL MARKETS
AGRICULTURAL POLICIES
AGRICULTURAL POLICY
AGRICULTURAL PRICE
AGRICULTURAL PRODUCTION
AGRICULTURAL PRODUCTS
AGRICULTURAL PROGRAMS
AGRICULTURAL PROTECTION
AGRICULTURAL SECTOR
AGRICULTURE
BORDER MEASURES
BORDER PRICE
COIN
COMMODITIES
CONSUMER PRICE
CONSUMER PRICES
CONSUMER SURPLUS
CONSUMERS
DEMAND FUNCTION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DISTORTION
DISTORTIONS
DOMESTIC DEMAND
DOMESTIC PRICE
DOMESTIC PRICES
DOMESTIC PRODUCER
DOMESTIC PRODUCTION
ECONOMIC EFFECTS
EXCHANGE RATE
EXCHANGE RATE POLICIES
EXCHANGE RATES
EXPORT
EXPORT PRICE
EXPORT SECTOR
EXPORT SUBSIDY
EXPORT TAX
EXPORTABLE GOODS
EXPORTERS
EXPORTS
FARM
FARM PRODUCTS
FARM SECTOR
FARMERS
FEDERAL RESERVE
FEDERAL RESERVE BANK
GDP
GENERAL EQUILIBRIUM
GENERAL EQUILIBRIUM MODEL
GENERAL EQUILIBRIUM MODELS
GLOBAL MARKETS
GLOBAL TRADE
GLOBALIZATION
GROSS VALUE
HIGH-INCOME COUNTRIES
HIGH-INCOME COUNTRY
IMPORT
IMPORT BARRIERS
IMPORT COMPETITION
IMPORT DEMAND
IMPORT MEASURES
IMPORT POLICIES
IMPORT TARIFF
IMPORT TAX
IMPORT VOLUME
IMPORTS
INCOME
INDEX NUMBERS
INTERNATIONAL ECONOMICS
INTERNATIONAL PRICE
INTERNATIONAL PRICES
INTERNATIONAL TRADE
INTERNATIONAL TRADE POLICY
MULTILATERAL SYSTEM
MULTIPLE EXCHANGE RATES
OPEN ECONOMY
PRICE ADJUSTMENT
PRICE CHANGE
PRICE COMPARISONS
PRICE CONTROLS
PRICE DISTORTION
PRICE DISTORTIONS
PRICE ELASTICITIES
PRICE ELASTICITY
PRICE INCREASES
PRICE OF GOOD
PRICE RATIOS
PRICE SUPPORT
PRIMARY PRODUCTS
PRODUCER PRICE
PRODUCER PRICES
QUANTITATIVE RESTRICTIONS
QUOTA RENTS
QUOTAS
SUBSIDIZATION
SUPPLY CURVES
SUPPLY FUNCTIONS
SUPPLY SIDE
SURPLUS
TARIFF BORDER
TARIFF EQUIVALENTS
TARIFF PROTECTION
TARIFF RATE
TARIFF RATES
TARIFF REVENUE
TAXATION
TOTAL AGRICULTURAL PRODUCTION
TOTAL IMPORTS
TRADE DISTORTIONS
TRADE POLICIES
TRADE PRICES
TRADE REDUCTION
TRADE RESTRICTION
TRADE RESTRICTIONS
TRADE RESTRICTIVENESS
TRADE TAXES
TRANSITION ECONOMIES
UNEMPLOYMENT
UNIFORM TARIFF
VOLUME
VOLUME OF TRADE
WEIGHTS
WORLD PRICE
WORLD TRADE
Microdata Set
Lloyd, Peter J.
Croser, Johanna L.
Anderson, Kym
Global Distortions to Agricultural Markets : New Indicators of Trade and Welfare Impacts, 1955 to 2007
description Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies' economic effects. Recent theoretical literature provides indicators of trade and welfare-reducing effects of price and trade policies which this paper builds on to develop more-satisfactory indexes. The authors exploit a new Agricultural Distortion database to generate estimates of them for developing and high-income countries over the past half century. These better approximations of the trade and welfare effects of sector policies are generated without a formal model of global markets or even price elasticity estimates.
topic_facet ABSOLUTE VALUE
AGGREGATE DEMAND
AGRICULTURAL GOODS
AGRICULTURAL INCENTIVES
AGRICULTURAL INDUSTRY
AGRICULTURAL MARKETS
AGRICULTURAL POLICIES
AGRICULTURAL POLICY
AGRICULTURAL PRICE
AGRICULTURAL PRODUCTION
AGRICULTURAL PRODUCTS
AGRICULTURAL PROGRAMS
AGRICULTURAL PROTECTION
AGRICULTURAL SECTOR
AGRICULTURE
BORDER MEASURES
BORDER PRICE
COIN
COMMODITIES
CONSUMER PRICE
CONSUMER PRICES
CONSUMER SURPLUS
CONSUMERS
DEMAND FUNCTION
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DISTORTION
DISTORTIONS
DOMESTIC DEMAND
DOMESTIC PRICE
DOMESTIC PRICES
DOMESTIC PRODUCER
DOMESTIC PRODUCTION
ECONOMIC EFFECTS
EXCHANGE RATE
EXCHANGE RATE POLICIES
EXCHANGE RATES
EXPORT
EXPORT PRICE
EXPORT SECTOR
EXPORT SUBSIDY
EXPORT TAX
EXPORTABLE GOODS
EXPORTERS
EXPORTS
FARM
FARM PRODUCTS
FARM SECTOR
FARMERS
FEDERAL RESERVE
FEDERAL RESERVE BANK
GDP
GENERAL EQUILIBRIUM
GENERAL EQUILIBRIUM MODEL
GENERAL EQUILIBRIUM MODELS
GLOBAL MARKETS
GLOBAL TRADE
GLOBALIZATION
GROSS VALUE
HIGH-INCOME COUNTRIES
HIGH-INCOME COUNTRY
IMPORT
IMPORT BARRIERS
IMPORT COMPETITION
IMPORT DEMAND
IMPORT MEASURES
IMPORT POLICIES
IMPORT TARIFF
IMPORT TAX
IMPORT VOLUME
IMPORTS
INCOME
INDEX NUMBERS
INTERNATIONAL ECONOMICS
INTERNATIONAL PRICE
INTERNATIONAL PRICES
INTERNATIONAL TRADE
INTERNATIONAL TRADE POLICY
MULTILATERAL SYSTEM
MULTIPLE EXCHANGE RATES
OPEN ECONOMY
PRICE ADJUSTMENT
PRICE CHANGE
PRICE COMPARISONS
PRICE CONTROLS
PRICE DISTORTION
PRICE DISTORTIONS
PRICE ELASTICITIES
PRICE ELASTICITY
PRICE INCREASES
PRICE OF GOOD
PRICE RATIOS
PRICE SUPPORT
PRIMARY PRODUCTS
PRODUCER PRICE
PRODUCER PRICES
QUANTITATIVE RESTRICTIONS
QUOTA RENTS
QUOTAS
SUBSIDIZATION
SUPPLY CURVES
SUPPLY FUNCTIONS
SUPPLY SIDE
SURPLUS
TARIFF BORDER
TARIFF EQUIVALENTS
TARIFF PROTECTION
TARIFF RATE
TARIFF RATES
TARIFF REVENUE
TAXATION
TOTAL AGRICULTURAL PRODUCTION
TOTAL IMPORTS
TRADE DISTORTIONS
TRADE POLICIES
TRADE PRICES
TRADE REDUCTION
TRADE RESTRICTION
TRADE RESTRICTIONS
TRADE RESTRICTIVENESS
TRADE TAXES
TRANSITION ECONOMIES
UNEMPLOYMENT
UNIFORM TARIFF
VOLUME
VOLUME OF TRADE
WEIGHTS
WORLD PRICE
WORLD TRADE
Microdata Set
author Lloyd, Peter J.
Croser, Johanna L.
Anderson, Kym
author_facet Lloyd, Peter J.
Croser, Johanna L.
Anderson, Kym
author_sort Lloyd, Peter J.
title Global Distortions to Agricultural Markets : New Indicators of Trade and Welfare Impacts, 1955 to 2007
title_short Global Distortions to Agricultural Markets : New Indicators of Trade and Welfare Impacts, 1955 to 2007
title_full Global Distortions to Agricultural Markets : New Indicators of Trade and Welfare Impacts, 1955 to 2007
title_fullStr Global Distortions to Agricultural Markets : New Indicators of Trade and Welfare Impacts, 1955 to 2007
title_full_unstemmed Global Distortions to Agricultural Markets : New Indicators of Trade and Welfare Impacts, 1955 to 2007
title_sort global distortions to agricultural markets : new indicators of trade and welfare impacts, 1955 to 2007
publishDate 2009-03-01
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090317084405
https://hdl.handle.net/10986/4060
work_keys_str_mv AT lloydpeterj globaldistortionstoagriculturalmarketsnewindicatorsoftradeandwelfareimpacts1955to2007
AT croserjohannal globaldistortionstoagriculturalmarketsnewindicatorsoftradeandwelfareimpacts1955to2007
AT andersonkym globaldistortionstoagriculturalmarketsnewindicatorsoftradeandwelfareimpacts1955to2007
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