MARC Record from Library of Congress

LEADER: 02440cam a22003137a 4500
001 2006270110
003 DLC
005 20060508150748.0
007 cr |||||||||||
008 060508s2006 dcu sb i000 0 eng
010 $a 2006270110
040 $aDLC$cDLC
050 00 $aHG3881.5.W57
100 1 $aAnderson, Kym.
245 14 $aThe relative importance of global agricultural subsidies and market access$h[electronic resource] /$cKym Anderson, Ernesto Valenzuela, Will Martin.
260 $a[Washington, D.C. :$bWorld Bank,$c2006]
490 1 $aPolicy research working paper ;$v3900
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 5/8/2006.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"The claim by global trade modelers that the potential contribution to global economic welfare of removing agricultural subsidies is less than one-tenth of that from removing agricultural tariffs puzzles many observers. To help explain that result, the authors first compare the OECD and model-based estimates of the extent of the producer distortions (leaving aside consumer distortions), and show that 75 percent of total support is provided by market access barriers when account is taken of all forms of support to farmers and to agricultural processors globally, and only 19 percent to domestic farm subsidies. Then the authors provide a back-of-the-envelope (BOTE) calculation of the welfare cost of those distortions. Assuming unitary supply and demand elasticities, that BOTE analysis suggests 86 percent of the welfare cost is due to tariffs and only 6 percent to domestic farm subsidies. When the higher costs associated with the greater variability of trade measures relative to domestic support are accounted for, the BOTE estimate of the latter's share falls to 4 percent. This is close to the 5 percent generated by the most commonly used global model (GTAP) and reported in the paper's final section. "--World Bank web site.
650 0 $aAgricultural subsidies.
650 0 $aTariff.
700 1 $aValenzuela, Ernesto.
710 2 $aWorld Bank.
830 0 $aPolicy research working papers (Online) ;$v3900.
856 40 $uhttp://econ.worldbank.org/external/default/main?pagePK=64165259&theSitePK=469382&piPK=64165421&menuPK=64166093&entityID=000016406_20060419160933