Publication: Krueger/Schiff/Valdes Revisited : Agricultural Price and Trade Policy Reform in Developing Countries since 1960
Date
2010-01
ISSN
Published
2010-01
Author(s)
Abstract
A study of distortions to agricultural
incentives in 18 developing countries during 1960-84, by
Krueger, Schiff and Valdes (1988; 1991), found that policies
in most of those developing countries were directly or
indirectly harming their farmers. Since the mid-1980s there
has been a substantial amount of policy reform and opening
up of many developing countries, and indicators of that
progress have been made available recently by a new study
that has compiled estimates for a much larger sample of
developing countries and for as many years as possible since
1955. The new study also covers Europe s transition
economies and comparable estimates for high-income
countries, thereby covering more than 90 percent of world
agricultural output and employment. This paper summarizes
the methodology used in the new study (pointing out
similarities and differences with those used by the OECD and
by Krueger, Schiff and Valdes), compares a synopsis of the
indicators from Krueger, Schiff and Valdes and the new study
for the period to 1984, summarizes the changing extent of
price distortions across countries and commodities globally
since then, and concludes by evaluating the degree of
distortion reduction over the years since 1984 compared with
how much still remains, according to the results of a global
economy wide model.
Link to Data Set
Citation
“Anderson, Kym. 2010. Krueger/Schiff/Valdes Revisited : Agricultural Price and Trade Policy Reform in Developing Countries since 1960. Policy Research Working Paper;No. 5165. © World Bank, Washington, DC. http://hdl.handle.net/10986/19952 License: CC BY 3.0 IGO.”
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