Calculating levels of protection : is it always appropriate to use world reference prices based on current trading status?
Material type:
ArticleLanguage: English Publication details: United Kingdom : Elsevier, 1993.ISSN: - 0305-750X
| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|---|---|
| Article | CIMMYT Knowledge Center: John Woolston Library | CIMMYT Staff Publications Collection | CIS-2556 (Browse shelf(Opens below)) | 1 | Available | 649156 |
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Peer review
Peer-review: Yes - Open Access: Yes|http://science.thomsonreuters.com/cgi-bin/jrnlst/jlresults.cgi?PC=MASTER&ISSN=0305-750X
Protection measures such as the nominal protection coefficient (NPC), the effective protection coefficient (EPC), the producer subsidy equivalent (PSE), and the consumer subsidy equivalent (CSE) are conventionally calculated using world reference prices based on current trading status. Under certain conditions, the conventional approach can lead to incorrect estimation of the degree and sometimes even the direction of protection. This paper spells out the conditions under which use of world reference prices based on current trading status is incorrect and presents data for wheat in Pakistan to illustrate how failure to consider these conditions can lead to misleading policy recommendations.
Socioeconomics Program
Text in English
R100ECO|Elsevier|R93ANALY|EconomicsPubs|3
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