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 non-agricultural sectors. A variety of agricultural terms-of-trade indices are constructed to measure the policy bias against agricult...
| Autores principales: | , , , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
1998
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/161242 |
| _version_ | 1855528610662711296 |
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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 non-agricultural sectors. A variety of agricultural terms-of-trade indices are constructed to measure the policy bias against agriculture in a general equilibrium framework that incorporates traded and non-traded goods. These general equilibrium measures are compared to earlier work in a partial equilibrium framework assuming perfect substitutability between domestic and traded goods. Starting from a stylized computable general equilibrium (CGE) model of Tanzania, we simulate a 25 percent tariff on non-agriculture and a 25 percent export tax on agriculture. We also consider the impact of changes in the equilibrium exchange rate. The 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 | Artículo preliminar |
| id | CGSpace161242 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1998 |
| publishDateRange | 1998 |
| publishDateSort | 1998 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1612422025-11-06T06:34:04Z 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 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 non-agricultural sectors. A variety of agricultural terms-of-trade indices are constructed to measure the policy bias against agriculture in a general equilibrium framework that incorporates traded and non-traded goods. These general equilibrium measures are compared to earlier work in a partial equilibrium framework assuming perfect substitutability between domestic and traded goods. Starting from a stylized computable general equilibrium (CGE) model of Tanzania, we simulate a 25 percent tariff on non-agriculture and a 25 percent export tax on agriculture. We also consider the impact of changes in the equilibrium exchange rate. The 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. 1998 2024-11-21T09:54:23Z 2024-11-21T09:54:23Z Working Paper https://hdl.handle.net/10568/161242 en Open Access application/pdf International Food Policy Research Institute Bautista, Romeo M.; Robinson, Sherman; Tarp, Finn; Wobst, Peter. 1998. Policy bias and agriculture;partial and general equilibrium measures. TMD Discussion Paper 25. https://hdl.handle.net/10568/161242 |
| spellingShingle | terms of trade equilibrium theory mathematical models computable general equilibrium models 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 trade |
| url | https://hdl.handle.net/10568/161242 |
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