Policy bias and agriculture: partial and general equilibrium measures
The paper examines the impact of industrial protection, agricultural export taxes, and overvaluation of the exchange rate on the balance between the agricultural and nonagricultural sectors. Various agricultural terms-of-trade indices are constructed to measure the policy bias against agriculture in...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Wiley
2001
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/156322 |
| _version_ | 1855529688119640064 |
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| author | Bautista, Romeo M. Robinson, Sherman Tarp, Finn Wobst, Peter |
| author_browse | Bautista, Romeo M. Robinson, Sherman Tarp, Finn Wobst, Peter |
| author_facet | Bautista, Romeo M. Robinson, Sherman Tarp, Finn Wobst, Peter |
| author_sort | Bautista, Romeo M. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The paper examines the impact of industrial protection, agricultural export taxes, and overvaluation of the exchange rate on the balance between the agricultural and nonagricultural sectors. Various agricultural terms-of-trade indices are constructed to measure the policy bias against agriculture in a computable general equilibrium (CGE) framework and compare the results with earlier partial equilibrium measures. Our results indicate that the partial equilibrium measures miss much of the action operating through indirect product and factor market linkages, while overstating the strength of the linkages between changes in the exchange rate and prices of traded goods on the agricultural terms of trade. |
| format | Journal Article |
| id | CGSpace156322 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2001 |
| publishDateRange | 2001 |
| publishDateSort | 2001 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1563222024-11-14T11:37:08Z Policy bias and agriculture: partial and general equilibrium measures Bautista, Romeo M. Robinson, Sherman Tarp, Finn Wobst, Peter terms of trade equilibrium theory mathematical models computable general equilibrium models agricultural trade The paper examines the impact of industrial protection, agricultural export taxes, and overvaluation of the exchange rate on the balance between the agricultural and nonagricultural sectors. Various agricultural terms-of-trade indices are constructed to measure the policy bias against agriculture in a computable general equilibrium (CGE) framework and compare the results with earlier partial equilibrium measures. Our results indicate that the partial equilibrium measures miss much of the action operating through indirect product and factor market linkages, while overstating the strength of the linkages between changes in the exchange rate and prices of traded goods on the agricultural terms of trade. 2001-02 2024-10-24T12:43:48Z 2024-10-24T12:43:48Z Journal Article https://hdl.handle.net/10568/156322 en Open Access Wiley Bautista, Romeo M.; Robinson, Sherman; Tarp, Finn; Wobst, Peter. 2001. Policy bias and agriculture: partial and general equilibrium measures. Review of Development Economics 5(1): 89-104. https://doi.org/10.1111/1467-9361.00109 |
| spellingShingle | terms of trade equilibrium theory mathematical models computable general equilibrium models agricultural trade Bautista, Romeo M. Robinson, Sherman Tarp, Finn Wobst, Peter Policy bias and agriculture: partial and general equilibrium measures |
| title | Policy bias and agriculture: partial and general equilibrium measures |
| title_full | Policy bias and agriculture: partial and general equilibrium measures |
| title_fullStr | Policy bias and agriculture: partial and general equilibrium measures |
| title_full_unstemmed | Policy bias and agriculture: partial and general equilibrium measures |
| title_short | Policy bias and agriculture: partial and general equilibrium measures |
| title_sort | policy bias and agriculture partial and general equilibrium measures |
| topic | terms of trade equilibrium theory mathematical models computable general equilibrium models agricultural trade |
| url | https://hdl.handle.net/10568/156322 |
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