Japanese Rice Market Liberalization: A Competitive Equilibrium Approach | Zendy

Fujiki Hiroshi | Zendy

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Japanese Rice Market Liberalization: A Competitive Equilibrium Approach

Author(s) -

Fujiki Hiroshi

Publication year - 2000

Publication title -

the japanese economic review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.205

H-Index - 28

eISSN - 1468-5876

pISSN - 1352-4739

DOI - 10.1111/1468-5876.00166

Subject(s) - autarky , economics , tariff , liberalization , economic surplus , free trade , partial equilibrium , agricultural economics , price formation , international economics , microeconomics , general equilibrium theory , welfare , market economy

This paper quantifies the effect of Japanese rice imports on the Japanese rice market with special attention to the farmland market in the year 2000, based on information available in 1997. Tariff and quota policies do not affect the equilibrium price of rice and rent significantly, given the current acreage controls. The removal of the acreage control programme would reduce the autarky price of rice by 30%. With free importation of rice into Japan, the price of rice would be halved, and the potential increase in the consumer surplus could be 0.3% of the 1995 Japanese GDP. JEL Classification Numbers: F14, Q17, Q18.

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