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Economic Implications of Agricultural Policy Reforms in Industrial Market Economies

机译:工业市场经济中农业政策改革的经济意义

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The authors used an 11-region, 22-commodity world net trade model to study the economic implications of agricultural policy reform in industrial market economies. The analysis shows that elimination of subsidies would drive up world prices for most commodities and that the increases would be closely related to the levels of assistance. The results also indicate that the United States would improve its agricultural balance of trade, while the European Community and Japan would face considerably larger trade deficits. All three economies, however, would experience income gains from multilateral liberalization, though the gains would be small on a per capita basis.

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