By OECD (Organisation for Economic Co-operation and Development)
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Additional resources for Agricultural Policy and Trade Reform, Potential Effects at Global, National and Household Levels
2001) include gains from services liberalization as well as some gains that result from assuming increasing returns to scale. 7 factor in some gains attributable to the impact of trade liberalisation and openness on productivity and economic growth. Finally, the World Bank (2003) and the Anderson et al. (2005) study produces larger apparent benefits from trade reform because the projected impacts refer to a future year, 2015, by which time the projected size of the world economy will have grown considerably.
This last question is equally relevant whether assessing the economy-wide impacts, which are the focus of this chapter, or the household level impacts that that will be taken up in the next chapter. The AGLINK model was adapted and used to simulate global commodity market consequences of a hypothetical 50% reduction in agricultural trade protection and domestic support. Independently, the GTAPEM model was used to gauge economic costs and benefits of similar policy reform for selected national and regional economies.
2005) use an agricultural commodity supply-demand model with commodity and policy coverage similar to AGLINK to simulate world market price impacts of complete removal of agricultural support. 1. (2005). There is both a supply and a demand explanation for this. On the supply side, although OECD oilseeds producers benefit from trade protection and support they are relatively less supported than other crop producers. 2) Consequently, the supply of oilseeds may increase with widespread reductions in trade protection and support as reform leads to resources shifting out of cereals and into oilseeds.
Agricultural Policy and Trade Reform, Potential Effects at Global, National and Household Levels by OECD (Organisation for Economic Co-operation and Development)