Measuring agricultural policy bias: General equilibrium analysis of fifteen developing countries
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Measuring agricultural policy bias : General equilibrium analysis of fifteen developing countries. / Jensen, Henning Tarp; Robinson, Sherman; Tarp, Finn.
In: American Journal of Agricultural Economics, Vol. 92, No. 4, 2010, p. 1136-1148.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Measuring agricultural policy bias
T2 - General equilibrium analysis of fifteen developing countries
AU - Jensen, Henning Tarp
AU - Robinson, Sherman
AU - Tarp, Finn
N1 - JEL classification: D58, O10, Q18
PY - 2010
Y1 - 2010
N2 - Measurement is a key issue in the literature on price incentive bias induced by trade policy. We introduce a general equilibrium measure of the relative effective rate of protection, which generalizes earlier protection measures. For our fifteen sample countries, results indicate that the agricultural price incentive bias generally perceived to exist during the 1980s was largely eliminated during the 1990s. Results also demonstrate that general equilibrium effects and country-specific characteristics are crucial for determining the sign and magnitude of agricultural bias. Our comprehensive protection measure is therefore uniquely suited to capture the full impact of trade policies on relative agricultural price incentives.
AB - Measurement is a key issue in the literature on price incentive bias induced by trade policy. We introduce a general equilibrium measure of the relative effective rate of protection, which generalizes earlier protection measures. For our fifteen sample countries, results indicate that the agricultural price incentive bias generally perceived to exist during the 1980s was largely eliminated during the 1990s. Results also demonstrate that general equilibrium effects and country-specific characteristics are crucial for determining the sign and magnitude of agricultural bias. Our comprehensive protection measure is therefore uniquely suited to capture the full impact of trade policies on relative agricultural price incentives.
U2 - 10.1093/ajae/aaq043
DO - 10.1093/ajae/aaq043
M3 - Journal article
VL - 92
SP - 1136
EP - 1148
JO - American Journal of Agricultural Economics
JF - American Journal of Agricultural Economics
SN - 0002-9092
IS - 4
ER -
ID: 20220425