For decades the world's agricultural markets have been highly distorted by national government policies, but very differently for different commodities. Hence a weighted average across countries of nominal rates of assistance or consumer tax equivalents for a product can be misleading as an indicator of the trade or welfare effects of policies affecting that product's global market. This is especially the case when some countries tax and others subsidize...
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INFORMATION
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2009/03/01
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Document de travail de recherche sur les politiques
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WPS4864
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1
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1
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2010/07/01
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Disclosed
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How do agricultural policy restrictions to global trade and welfare differ across commodities ?
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price elasticity of demand