How do agricultural policy restrictions to global trade and welfare differ across commodities? Johanna Croser, Peter J. Lloyd and Kym Anderson Croser, Johanna L

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Croser, Johanna L
Agriculture and state.; Produce trade - Government policy.; Agriculture and state - Econometric models.
For decades the world?s agricultural markets have been highly distorted by national government policies, but very differently for different commodities such that a ranking of weighted average nominal rates of assistance across countries can be misleading as an indicator of the trade or welfare effects of policies affecting global markets. This article develops a new set of more-satisfactory indicators, drawing on the recent literature on trade restrictiveness indexes. It then estimates those two indicators for each of 28 key agricultural commodities from 1960 to 2004, based on a sample of 75 countries that together account for more than three-quarters of the world?s production of those agricultural commodities.
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