Relevant bibliographies by topics / Agricultural price distortions

Academic literature on the topic 'Agricultural price distortions'

Author: Grafiati
Published: 10 December 2022
Last updated: 28 January 2023

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Journal articles on the topic "Agricultural price distortions"

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Hirsch, Cornelius, and Harald Oberhofer. "Bilateral trade agreements and price distortions in agricultural markets." European Review of Agricultural Economics 47, no. 3 (April 29, 2019): 1009–44. http://dx.doi.org/10.1093/erae/jbz004.

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Abstract Agricultural support levels are at a crossroad with reduced distortions in OECD countries and increasing support for agricultural producers in emerging economies observable over the last decades. This paper studies the determinants of distortions in the agricultural markets by putting a specific focus on the role of trade policy. Applying various different dynamic panel data estimators and explicitly accounting for potential endogeneity of trade policy agreements, we find that an increase in the number of bilateral free trade agreements exhibits significant short- and long-run distortion reducing effects. By contrast, our evidence suggests that WTO’s Uruguay Round Agreement on Agriculture has not been successful in systematically contributing to a reduction in agricultural trade distortions. From a policy point of view, our findings thus point to a lack of effectiveness of multilateral trade negotiations.
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Liu, Jianfang. "Government Policy, Factor Market Distortion and Structural Transformation." Finance and Market 5, no. 3 (September 2, 2020): 101. http://dx.doi.org/10.18686/fm.v5i3.2104.

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<p>Demand-driven economic structural transformation is mainly realized through the Engel Effect, and different consumption has different income elasticity. This article attempts to explain the effects of taxation, technological progress and factor price distortions on economic structure by introducing government policies and capital labor price distortions into the multi-sectorial model. The results showed that the share of agricultural labor decrease when the tax rate decreased or technological progress occurred and the share of service labor increased when the non-homothetic of utility function was stronger. Similarly, the distortion of capital and labor factor prices will also affect the structural transformation, and the relationship between the two is opposite. When the distortion of manufacturing sector factor prices increases, the structural transformation will be accelerated. However, the structural transformation slows down as the distortion of factor prices in service industry increases.</p>
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Pang, Jiaxing, Xiang Li, Xue Li, Xingpeng Chen, and Huiyu Wang. "Research on the Relationship between Prices of Agricultural Production Factors, Food Consumption Prices, and Agricultural Carbon Emissions: Evidence from China’s Provincial Panel Data." Energies 14, no. 11 (May 27, 2021): 3136. http://dx.doi.org/10.3390/en14113136.

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China is a large agricultural country with a high level of agricultural carbon emissions. Whether market prices can be used in agricultural production as a means of agricultural carbon emissions reduction is of great significance to improve the allocation of agricultural production factors and expand large-scale production. This paper applies an autoregressive distributed lag–pooled mean group(ARDL–PMG) model to evaluate the relationship between agricultural production factor prices, food consumption prices, and agricultural carbon emissions, using Chinese provincial panel data from 1994 to 2018. The results show that agricultural carbon emissions and agricultural production factor prices show environmental Kuznets curve (EKC) characteristics; agricultural carbon emissions and food prices show a U-shaped curve; and agricultural production factors are positively correlated with food price in both directions in the long-term. The results of Granger causality tests show that price is the cause of agricultural carbon emissions; the price of agricultural production factors and the price of food consumption are mutually causal. Such results have implications for price, agriculture, and environmental policies. The analysis implies that the market price can be applied to agricultural carbon reduction, which will help policymakers to implement effective price policies in order to reduce agricultural carbon emissions. One implication is that promoting the marketization of agricultural production factors and reducing price distortions will be conducive to carbon emissions reduction in agriculture, which in turn will increase food consumption prices. Therefore, subsidies are needed at the consumption end, which will eventually achieve further carbon emissions reduction at the production and consumption ends.
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Iqbal, Nuzhat. "Economic Analysis of the Effects of Wheat Price Distortions in Pakistan: 1975-90." Pakistan Development Review 31, no. 4II (December 1, 1992): 1173–85. http://dx.doi.org/10.30541/v31i4iipp.1173-1185.

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Price distortions induce the inefficient utilisation of resources by giving incorrect signals to producers and consumers. Since distorted prices do not reflect the real value of resources, quantities of goods and services produced may not be consistent with their demand. These may be caused by a number of different reasons. They may, for instance, be caused by monopolistic tendencies, preferential treatment of a particular sector of the economy, establishment or diffusion of a particular product or an input, etc. In fact, price distortions occur sometimes from deliberate and sometime inadvertent government policies of subsidies and price supports in pursuance of certain social or economic objectives. In fact, where there is no government intervention, prices equilibrate consumer demand with the productive capacities of producers. If prices are distorted by any agency their allocative role is seriously diminished. Resource use efficiencies increase if the government restricts its role to ensuring proper functioning of the market and lets prices be determined by the forces of demand and supply. Nevertheless, it is now being increasingly recognised that agricultural price distortions are inherently adverse to the national economy because they stimulate a non-optional transfer of resources out of agriculture when set too low, and putting an excessive burden on consumers when set above world prices. This study shall discuss the price intervention mechanism adopted in Pakistan, then; analyse the effects of distortions of prices and the role of distorted prices in achieving the above mentioned objectives.
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Ogundipe, Adeyemi A., Omobola Adu, Oluwatomisin M. Ogundipe, and Abiola J. Asaleye. "Macroeconomic Impact of Agricultural Commodity Price Volatility in Nigeria." Open Agriculture Journal 13, no. 1 (December 20, 2019): 162–74. http://dx.doi.org/10.2174/1874331501913010162.

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Introduction: The Nigerian economy has remained consistently heavily dependent on earnings from commodity exports which constitute over 95% external earning and 85% of budgetary and fiscal financing. Agricultural commodity exports have witnessed a significant price swings in the international market in the past few decades resulting in food price hike and macroeconomic distortions in economies heavily dependent on food imports. Methods and Materials: The study assesses the macreoconomic impact of agricultural commodity price volatility in Nigeria from 1970-2017 using Autoregressive Distributive Lag (ARDL) cointegration and Impulse-Response Function (IRF) analysis. The study adopted an atheoretical statistics to ascertain the evidence of swings in macroeconomic aggregates. Results: There was evidence of persistent fluctuations in the macroeconomic variables observed, implying that external price shocks exert a significant impact on the macroeconomic management, since bulk of national budgetary and fiscal financing is from commodity exports. Conclusion: The study found that volatile agricultural prices were responsible for a meager 2% of macroeconomic fluctuations. The empirical evidence corroborates the statistics showing that the share of agriculture in primary commodity exports has consistently remained less than 3% since the advent of crude oil. Furthermore, the study found that the swings in agricultural prices impacts foreign reserves and inflation more significantly and earlier in the time horizons than other macroeconomic aggregates.
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Anderson, Kym. "Agricultural price distortions: trends and volatility, past, and prospective." Agricultural Economics 44, s1 (June 28, 2013): 163–71. http://dx.doi.org/10.1111/agec.12060.

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Bautista, Romeo M. "Domestic price distortions and agricultural income in developing countries." Journal of Development Economics 23, no. 1 (September 1986): 19–39. http://dx.doi.org/10.1016/0304-3878(86)90077-5.

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Bojnec, Štefan, and Johan F. M. Swinnen. "The pattern of agricultural price distortions in Central and Eastern Europe." Food Policy 22, no. 4 (August 1997): 289–306. http://dx.doi.org/10.1016/s0306-9192(97)00020-1.

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Anderson, Kym, and Johanna Croser. "New Indicators of How Much Agricultural Policies Restrict Global Trade." Journal of World Trade 44, Issue 5 (October 1, 2010): 1109–26. http://dx.doi.org/10.54648/trad2010042.

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Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of agricultural and food price distortions such as producer and consumer support estimates (PSEs and CSEs) can be poor guides to the policies’ trade effects. Two recent studies provide much better indicators of trade (and welfare)-reducing effects of farm price and trade policies, but they provide somewhat differing numbers. This article explains why those estimates differ and how they might be improved for use in ongoing annual monitoring of the trade restrictiveness of agricultural policies in both high-income and developing countries.
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Pomfret, Richard. "Using Energy Resources to Diversify the Economy: Agricultural Price Distortions in Kazakhstan." Comparative Economic Studies 51, no. 2 (May 18, 2009): 181–212. http://dx.doi.org/10.1057/ces.2008.48.

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Dissertations / Theses on the topic "Agricultural price distortions"

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Kim, Yeon. "Political motivations of price distortions in agricultural protection : the case of Korean beef industry /." Title page, contents and introduction only, 1990. http://web4.library.adelaide.edu.au/theses/09EC/09eck499.pdf.

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Bila, Yakubu. "A general equilibrium analysis of the effects of the removal of agricultural and other price distortions : a case study of Kenya." Thesis, University of Oxford, 1991. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.332969.

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Nelgen, Signe. "Distortions to agricultural markets : trends and fluctuations, 1955 to 2010." Thesis, 2012. http://hdl.handle.net/2440/78137.

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The thesis analyses the patterns and underlying political economy causes of long-run trends and short-run fluctuations in national distortions to agricultural incentives. It does so by exploiting, revising and expanding a dataset of agricultural distortion measures in developing and developed countries from 1955 to 2004 for developing and 2007 for high-income countries by Anderson and Valenzuela (2008). More specifically, it extends its time period to 2009 for developing countries and 2010 for high-income countries. An essential contribution of the thesis is the update of this database to 2010 in order to capture the most recent international food price spike period. The large dataset makes it possible to analyse insulating behaviour in agricultural markets historically over the past 55 years, and to compare governments' reactions to food market shocks and upwards and downwards price spikes in the most recent years vis-a-vis those in the past. The thesis examines the extent of domestic market insulating behaviour of governments by both food-exporting and food-importing countries. This is because the policies of both country groups contribute substantially to international food price volatility and therefore to economic instability and to trade and welfare fluctuations. The international-to-domestic food price transmission elasticity is used as one indicator of such policy action. The evidence also allows us to test to what extent the policy decisions of governments achieve the goal of protecting domestic producers or consumers from international price spikes in either direction. The results of the analysis are subdivided into the contribution of different regions, country groups and policy instruments. The study also quantifies the extent of the contribution of changes in national agricultural trade restrictions to food price spikes internationally, over and above to the initial exogenous price shock. Reactions of food-exporting and food-importing countries at the same time exacerbate price spikes in international food prices and therefore are a concern for all trading nations because of their nontrivial contribution to domestic and international volatility and uncertainty. To test empirically the political economy causes of such market insulating behaviour of governments, the loss aversion theory of Freund and Oezden (2008), with amendments by Jean, Laborde and Martin (2010) to ensure suitability for agricultural markets, is drawn upon. The focus of this part of the thesis is on the question as to why countries alter assistance levels through variations in trade restrictions to protect one domestic group at the cost to others within the nation, rather than more-direct, more-efficient domestic policy instruments to protect either producers or consumers from price spikes. The final part of the thesis focuses on potential future developments in agricultural market distortions and provides an alternative agricultural protection counterfactual for trade policy modelling than the status quo. After identifying the crucial influencing factors on agricultural distortions in the past, projections of assistance measures are provided for the year 2030. These projections make it possible to model an alternative scenario of the costs based on newly estimated political econometric equations of trade-distorting policies in the future, to compare with one that assumes no future policy changes in their baseline.
Thesis (Ph.D.) -- University of Adelaide, School of Economics, 2012
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Balie, Jean. "Agricultural Policy Support, Production Incentives and Market Distortions in Sub-Saharan Africa." Thesis, 2016. http://hdl.handle.net/11858/00-1735-0000-0028-87C9-0.

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Books on the topic "Agricultural price distortions"

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Agricultural price distortions, inequality, and poverty. Washington, D.C: World Bank, 2010.

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The political economy of agricultural price distortions. New York: Cambridge University Press, 2010.

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Anderson, Kym, ed. The Political Economy of Agricultural Price Distortions. Cambridge: Cambridge University Press, 2009. http://dx.doi.org/10.1017/cbo9780511778964.

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Lloyd, P. J. Global distortions to agricultural markets: New indicators of trade and welfare impacts, 1955 to 2007. [Washington, D.C: World Bank, 2009.

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Nab, Hellen Ommeh. A regional assessment of policy distortions affecting small-scale producer, processor and distributor incentives in Kenya. Münster: Lit, 1995.

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Westlake, Michael. Nominal protection coefficients and the measurement of agricultural price distortion in developing countries. Cambridge, Mass: Harvard Institute for International Development, 1986.

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Anderson, Kym. Political Economy of Agricultural Price Distortions. Cambridge University Press, 2013.

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Anderson, Kym. Political Economy of Agricultural Price Distortions. Cambridge University Press, 2011.

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Kym, Anderson, Cockburn John, and Martin Will 1953-, eds. Agricultural price distortions, inequality, and poverty. Washington, D.C: World Bank, 2010.

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Anderson, Kym. Political Economy of Agricultural Price Distortions. Cambridge University Press, 2011.

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Book chapters on the topic "Agricultural price distortions"

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Anderson, Kym. "Government Distortions of Agricultural Prices: Lessons from Rich and Emerging Economies." In Community, Market and State in Development, 80–102. London: Palgrave Macmillan UK, 2010. http://dx.doi.org/10.1057/9780230295018_7.

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Anderson, Kym. "Trends and Fluctuations in Agricultural Price Distortions." In Sustainable Economic Development, 293–309. Elsevier, 2015. http://dx.doi.org/10.1016/b978-0-12-800347-3.00017-0.

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Erokhin, Vasilii. "Emerging Trade-Related Threats to Food Security." In Advances in Environmental Engineering and Green Technologies, 319–36. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-1042-1.ch016.

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It is generally believed that free trade plays a vital role in stabilizing food supplies and food prices since abundant foods stocks in some countries coexist with shortages in some others. Contemporary global trade system, however, is becoming increasingly distorted by unfair and inefficient policies in many countries, creating both winners and losers among not only small developing economies, but also largest producers of food and agricultural products. One of the recent examples of such distortion is US-China trade tensions and potential tariff escalations where the agricultural sector is the most vulnerable. By raising import tariffs on food and agricultural products in response to protectionist policies, the countries may face a situation of rising prices for consumers, limited market access for producers, and increasing pressures on food security. In this chapter, the author develops the theme of the effects of globalized agricultural trade on food security with a critical focus on the importance of balancing trade liberalization and protectionism.
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Diao, Xinshen, Frances Cossar, Nazaire Houssou, and Shashidhara Kolavalli. "Unleashing the Power of Mechanization." In Ghana's Economic and Agricultural Transformation, 241–56. Oxford University Press, 2019. http://dx.doi.org/10.1093/oso/9780198845348.003.0009.

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After reviewing recent developments in the uptake of agricultural mechanization in Ghana, and the factors that are driving the growth in farmers’ demand, this chapter discusses supply-side constraints to greater mechanization, and evaluates the government’s program of subsidized tractors through Agricultural Mechanization Services Centers (AMSECs). The chapter concludes that such interventions often lead to market distortions in machinery prices, encouraging rent-seeking behavior, and discouraging the development of private sector supply system. The program is also unnecessarily costly to the public sector. Instead, the government would be more effective in achieving its goals if it were to withdraw from the AMSEC program and instead play a more complementary and supporting role to the private sector. This might include funding appropriate mechanization research, technical training of young mechanics, and ensuring that financial institutions can provide the longer-term lending needed by private agents and farmers in the mechanization supply chain.
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Conference papers on the topic "Agricultural price distortions"

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NIPERS, Aleksejs, and Irina PILVERE. "ASSESSMENT OF VALUE ADDED TAX REDUCTION POSSIBILITIES FOR SELECTED FOOD GROUPS IN LATVIA." In RURAL DEVELOPMENT. Aleksandras Stulginskis University, 2018. http://dx.doi.org/10.15544/rd.2017.048.

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Value-added taxes (VAT) are applied in the European Union (EU) Member States in accordance with Directive 2006/112/EC to limit distortions in competition in the common European market. Latvia is one of the five EU Member States where reduced VAT rates are not applied to food products, and the food is taxed at the standard rate of 21%. For this reason, food producer organisations discuss the introduction of a reduced VAT rate for selected fruits, berries, vegetables as well as potato grown in Latvia. The overall aim of the present research is to assess the effect of reduction of the VAT rate from 21 to 5% for selected food groups: fresh fruits, berries, vegetables and potato produced in Latvia. The research estimated a decrease in the price for the mentioned food groups, identified a potential increase in consumption and forecasted the effect of the VAT rate reduction on the amount of tax revenue collected by the central government. The research found that the reduction of the VAT rate from 21 to 5 % would result in a price decrease ranging from 1.9 to 3.5% for fruits, berries, vegetables and potato, the consumption of fresh fruits and berries would increase, on average, in the range of 1.2–2.3%, while the consumption of fresh vegetables would increase, on average, in the range of 1.2–2.1%, yet in a short-term the tax revenue paid to the government would decrease in the range of EUR 3.9–5.7 million. Nevertheless, in a medium-term, a significant positive effect on the producers of fruits, berries, vegetables and potato that operate legally in the agricultural industry could be expected, as the negative effect of the shadow economy decreases.
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Reports on the topic "Agricultural price distortions"

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Gachot, Sebastien, Carmine Paolo De Salvo, and Gonzalo Rondinone. Analysis of Agricultural Policies in Jamaica (2015-2019). Inter-American Development Bank, December 2021. http://dx.doi.org/10.18235/0003901.

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The agricultural sector plays a crucial role in Jamaicas economic development by contributing to employment (15.93% of the active population in 2019; higher than the regional average) and exports (18% of total exports in 2019). This monograph offers an update of the Producer Support Estimate (PSE) methodology applied to Jamaica for the period 2015-2019 and documents the evolution of agricultural policies-related GHG emissions over the same period. Between 2015 and 2019, the market price support remained, by far, the main PSE component in Jamaica, heavily concentrated in the poultry subsector, followed by sugar. The positive trend in non-distorting General Service Support Estimate (GSSE) observed between 2012 and 2014 came to a halt. %GSSE even slightly decreased between 2015 and 2019, making Jamaica lag even further behind other countries. Concerning the GHG emissions, the picture has not changed significantly either. The poultry and sugar subsectors remained those that received most policy support and those that emitted the most. Several policy recommendations arise from this report, such as a shift away from an over-reliance of policy support on MPS and an increased focus on less-distortive forms of support, such as GSSE. Additional R&D investments, physical infrastructures, climate risk management systems would help address some of the agricultural sectors most pressing productivity and profitability issues. Lastly, it is advisable to diversify and rebalance the support provided by agricultural policies across subsectors to better align agricultural policy goals with GHG emissions reduction objective.
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